Is it advisable to invest in ELSS funds now?
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By ET Online |
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I want to invest in one of the following schemes:
IDFC Tax Advantage ELSS Fund
L&T Tax Advantage Fund
Tata India Tax Savings Fund
Which of these schemes would perform better in the next four to five years? With the recent election result in Karnataka and the markets expected to fall further, is it advisable to invest in an ELSS fund?
-- Satyanarayana Murthy Akkapeddi
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
India is one of the largest democratic country and has gone through various economic cycles. Comparatively, Indian governments and economy are far more stable than many other countries. Hence, politics is not the only thing that runs our economy. There are many more variables such as inherent demand, younger population, etc. Hence, a long-term investor need not worry about short-term aberrations. Rather, utilise it as an opportunity – you will be getting units at a cheaper price now than four months ago. If you are worried about volatility in the market, take the SIP route for investments. You may invest in IDFC Tax Advantage (ELSS) Fund.
IDFC Tax Advantage ELSS Fund
L&T Tax Advantage Fund
Tata India Tax Savings Fund
Which of these schemes would perform better in the next four to five years? With the recent election result in Karnataka and the markets expected to fall further, is it advisable to invest in an ELSS fund?
-- Satyanarayana Murthy Akkapeddi
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
India is one of the largest democratic country and has gone through various economic cycles. Comparatively, Indian governments and economy are far more stable than many other countries. Hence, politics is not the only thing that runs our economy. There are many more variables such as inherent demand, younger population, etc. Hence, a long-term investor need not worry about short-term aberrations. Rather, utilise it as an opportunity – you will be getting units at a cheaper price now than four months ago. If you are worried about volatility in the market, take the SIP route for investments. You may invest in IDFC Tax Advantage (ELSS) Fund.
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