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Lump sum ELSS investment

Discussion in 'Investment Analysis' started by chequesuraj, Feb 2, 2015.

  1. chequesuraj

    chequesuraj Member

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    Hello Shabbir,

    I want to invest lumpsum amount 30-40k into ELSS. I have shortlisted Two MF:

    1. Axis long term equity
    2. ICICI*Prudential Tax Plan

    Can you please guide me on this or any other fund suggestions for lump sum investment


    Thanks,

    Suraj Naik
     
    chequesuraj, Feb 2, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Sure but whats the reason for selecting these funds and that can help me to help you further.
     
    shabbir, Feb 3, 2015
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  3. chequesuraj

    chequesuraj Member

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    Both of them having good track record of dividend and returns

    Axis is having 35% & 25% annualized returns for 3 & 5 years respectively... And ICICI has 28% & 19% returns for same period.

    I already have investments through SIP in ELSS schemes...

    Canada robeco and HDFC TAX FUND....But current increased 80c limit of 1.5k left me to invest more into ELSS for current year onwards...
     
    chequesuraj, Feb 3, 2015
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  4. chequesuraj

    chequesuraj Member

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    Both of them having good track record of dividend and returns.

    Axis is having 35% & 25% annualized returns for 3 & 5 years respectively... And ICICI has 28% & 19% returns for the same period.

    I already have investments through SIP in ELSS schemes...

    Canada robeco and HDFC TAX FUND....

    But current increased 80c limit of 1.5k left me to invest more into ELSS for current year onwards...
     
    chequesuraj, Feb 3, 2015
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  5. shabbir

    shabbir Administrator Staff Member

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    Awesome. Just go for it.
     
    shabbir, Feb 3, 2015
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