Need advice on best investment option

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Hasan (Querist)
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15 November 2011 Dear Sir,

Mysef Hasan, i want to invest around 2000/- PM, please tell me which would be best option to earn higher rate of Interest without tax on interest.

Please note that currently i am having 3 SIP of 500/- each
1. HDFC 200 started in 25/07/2011
2. Reliance Gold Saving Fund (06/05/2011)
3. Reliance Regular Saving Fund (28/11/08)

& besides this i have put

1.Rs. 5000/- in Birla Sun Life Frontline Equity Fund
2.Rs. 5000/- in HDFC Top 200 Fund
3.Rs. 5000/- in ICICI Prudential Target Returns Fund
4.Rs. 10000/- in Reliance Growth Fund

& i am depositing Rs. 200/- PM in Post Office RD A/c.

Please suggest me the best investment options available

Thanks & regads

Prof. Bajaj

Prof. Bajaj (Expert)
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16 November 2011 Dear Hasan,

You have selected some good funds. However, you may reconsider the following funds:

1. You may stop your SIP in Reliance Regular Savings Fund.

2. Your total SIP of Rs. 3500 (Rs. 2000 new and Rs. 1500 existing) can be divided as below:

Rs. 1000 in HDFC Top 200 Fund
Rs. 1000 in Reliance Gold Savings Fund
Rs. 1000 in HDFC Balanced Fund
Rs. 500 in Birla Sun Life Dividend Yield Fund

3. Also, your lumpsum investments can be reworked as below:

Rs. 10000 in Reliance Growth can be moved to IDFC Premier Equity Fund

Rs. 5000 in ICICI Prudential Target Returns Fund can be moved to Canara Robeco Equity Tax Saver Fund.

All the other investments can be kept as it is. They are all good investments.

In case of further queries, you may contact at saurabh.nidhiinvestments@gmail.com

Regards
Prof. Saurabh Bajaj

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