Is it opportune time for investing?

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Vinod (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

CA.Satinder Pal Singh

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.

CA Rajesh S

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.

Vinod

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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