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Is it opportune time for investing?

This query is : Resolved 
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(Querist)
04 July 2008 Hi experts,
Plz suggest me if I should invest in mutual funds at this time.
My investment horizon will be long term. Plz tell about good ELSS funds.
Should I average my portfolio by purchasing more units or abstain from it.

Thanking in anticipation,
Vinod
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CA.Satinder Pal Singh

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CA.Satinder Pal Singh (Expert)
04 July 2008 GO FOR SIP. BASIC INVESTMENT FUNDA DEDUCT YOUR AGE FROM 100. SAY IF YOU ARE 26 THEN 100-26=74% SHOULD BE INVESTED IN EQUITY REST IN DEBT MAKE UR PORTFOLIO LIKE THIS.
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CA Rajesh S

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CA Rajesh S (Expert)
04 July 2008 i feel the market may correct another 10 - 15%, so wait for some time.

About ELSS,

my personal favorates are
sundaram tax saver
birla tax relief'96
principal personal tax saver.
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Vinod

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Vinod (Querist)
07 July 2008 Thanx for prompt replies dear.
But Rajesh Sir, you haven't mentioned SBI Magnum. Is it bad fund to buy?
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