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Top ELSS's for lumpsum investment

Discussion in 'Mutual Funds' started by naveen1241, Dec 4, 2013.

  1. naveen1241

    naveen1241 Responder

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    Can someone suggest a few good ELSS Mutual Funds to buy in lumpsum as of NOW ?
    Looking for decent dividend and fair NAV history.

    Thanks
    Naveen
     
    naveen1241, Dec 4, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Canara Rebeco and HDFC Tax saver but still I would do my ELSS in few weeks from now.
     
    shabbir, Dec 4, 2013
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  3. naveen1241

    naveen1241 Responder

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    Thanks Shabbir.

    Can you tell why you would wait a few weeks and why do you think that way ?
     
    naveen1241, Dec 4, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    Nothing specific but I keep my funds ready by December and invest in next 3 months when market hits a support zone.
     
    shabbir, Dec 4, 2013
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  5. myidgmc

    myidgmc Member

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    Hi Shabbir,

    I am also planning to invest in ELSS schemes so please update when can we go head with the investment?

    Thanks,
    Ram
     
    myidgmc, Dec 13, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Yes I will.
     
    shabbir, Dec 13, 2013
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  7. naveen1241

    naveen1241 Responder

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    Hey Shabbir

    Do not forget to let us know once you start your investments which you are going to make once markets hit support zones. Hope we will have other forum member's thoughts as well pouring in.

    Thanks
    Naveen
     
    naveen1241, Dec 18, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    Sure I will.
     
    shabbir, Dec 18, 2013
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  9. myidgmc

    myidgmc Member

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    Hi Shabbir,

    i have to submit the Originals receipts of the ELSS schemes by Jan 03,2014 in my company. So can i do the investment now? or do you want me to wait for some more time and then do the investment for next three months. so that i can claim while Filing the IT returns?

    Thanks in advance.
     
    myidgmc, Dec 23, 2013
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  10. shabbir

    shabbir Administrator Staff Member

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    You don't need to be submitting them now ideally but then company wants to be doing the calculations early but then read this

    http://diytechnicalanalysis.com/members/showthread.php?p=8164#post8164

    I will be investing sooner than later.
     
    shabbir, Dec 23, 2013
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  11. myidgmc

    myidgmc Member

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    Hi Shabbir

    can i allocate 50k for Canara Rebeco and 50k for HDFC Tax saver ? or will you suggest any other schmes also?

    Thanks.
     
    myidgmc, Dec 26, 2013
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  12. naveen1241

    naveen1241 Responder

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    Hi Ramkumar/Shabbir,

    In last two weeks, I had allocated 40k and 30k in below ELSS MF's.

    HDFC TaxSaver - Dividend - Equity - ELSS
    ICICI Prudential Tax Plan - Dividend - Equity - ELSS

    Thanks
    Naveen Natarajan
     
    Last edited: Dec 26, 2013
    naveen1241, Dec 26, 2013
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  13. shabbir

    shabbir Administrator Staff Member

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    Don't see a reason for choosing two ELSS funds
     
    shabbir, Dec 26, 2013
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  14. naveen1241

    naveen1241 Responder

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    Happy New Year to one and all.

    Shabbir, any updates ?
    Since it's been quite some time. Please share your thoughts about why you are still staying on back foot. Would love to hear from you :)

    Thanks
    Naveen
     
    naveen1241, Jan 1, 2014
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  15. shabbir

    shabbir Administrator Staff Member

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    Not staying on backfoot but just being cautious of investing now but then the last quarter has started and so it would be anytime soon.
     
    shabbir, Jan 1, 2014
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  16. naveen1241

    naveen1241 Responder

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    Hi Shabbir

    Updates please.

    Thanks
    Naveen
     
    naveen1241, Mar 11, 2014
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  17. shabbir

    shabbir Administrator Staff Member

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    shabbir, Mar 12, 2014
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  18. naveen1241

    naveen1241 Responder

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    Is this purely an election driven rally? Nothing to do with good CAD/Easing inflation/anticipation of Rupee appreciation ?

    Thanks
    Naveen
     
    naveen1241, Mar 12, 2014
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  19. shabbir

    shabbir Administrator Staff Member

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    Yes. Totally and so I have decided not to invest in ELSS fund this year for sure.
     
    shabbir, Mar 15, 2014
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