We answer viewer questions on right number of ELSS, evaluate the viewer portfolio and lump sum investment through STP in an equity fund
Edited Highlights
1:39 Bablu Kumar Nonia wants to know that he is investing in SIPs of 4 ELSS. Are they too many?
1:50 We think 4 ELSS is on the higher side. Just stick to two. Often, there are too many real differences among ELSS
2:19 Discontinue two SIPs. For discontinued SIPs, after the lock in period, you can keep the money in the same scheme or move to other equity funds
2:47 Do check out our previous videos on how to choose ELSS
5:02 Sadhana Hari has invested in SIPs of Reliance Top 200, Reliance Tax Saver, Reliance Growth, Kotak Classic Equity and now wants to add MiraeAssets Emerging Blue Chip Fund
5:11 Sadhana wants to know how to optimize ?
5:18 Your funds are fine but Mirae is not accepting SIPs due to current market conditions though STPs are allowed.
5:49 Through STP, you can invest in a liquid fund and then the money will be invested in the equity fund of your choice
7:32 Amit Belwal wants to invest Rs 2 lakh in his wife’s name as a lump sum through an STP. He wants to know how the money will grow after STP is over. Amit can wait for 3-4 years time
7:48 Mutual funds are subject to market risks and there are no guaranteed returns. Fluctuations in returns are more for equity funds
7:59 In the initial years, there are fluctuations but over time it starts stabilising at a high rate of return
8:18 Beyond 8-10 years, if the fund is not performing badly, typically the returns would be much more than competing investments
8:37 Go for a combination of large cap fund and balanced fund which will ensure that you get growth with manageable amount of fluctuations
9:36 However, you need to stay invested for 8-10 years or more to get the typical growth of equities
10:05 If you need the money in 3-4 years, go for debt funds
