CNBC Your Stocks: Invest systematically per month in ELSS MF schemes.

Name: Rateesh
Age: 50
City: Pune
Profession: Sales Manager
Question: I am 50 years old I want to invest in Axis long term equity fund growth..Can you please tell me if this is the right fund to invest in and which are the other funds I can invest in?
Mobile: 9922350000
(Details -Inc 4 Lacs. Period before Retm-5-10 yrs. Wants to save Tax.Currently no investment in tax saving schemes)

As Retirement is still 5-10 years away, Equity Mf is a suitable asset class for investment in this time horizon. We would suggest you to invest in Tax Savings Schemes of Mutual Funds which invest in Equity as their returns are pretty good . Morever these funds are consistent as their capital is usually more stable than regular schemes. We would suggest you to invest in either Icici Prudential Tax Plan or Hdfc Long Term Advantage Fund. Both these funds are consistent performers and will also provide you a tax break.

CNBC Awaaz Budget Mahakumbh: Discussion on Budget 2015 – ELSS Vs Sukanya Samriddhi Scheme

CNBC Awaaz Budget Mahakumbh: Discussion on Budget 2015

If you want to invest in for long term with less return for daughter’s marriage or education then you can invest in Sukanya Samriddhi Scheme.
Similarly, if you can take high risk then ELSS are also good bet.

Invest as per the Risk Taking Ability, Liquidity and Goal Tenure.


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