In the second mutual fund Q&A, we answer the question of a viewer who wants to know about the "right time" to invest in an SIP of a tax saving mutual fund.
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Edited Highlights
2:48 Subhomoy Bhattacharya writes to us: “Hi sir, for the first time I want to invest in tax saving SIP. Is it the right time to invest? If it is, then which will be good SIP to invest?
3:05 In a systematic investment plan (SIP), timing ceases to become a factor
3:10 That is also the reason you are doing an SIP
3:16 Since the individual investor neither has the time or skill to time investments, that is the reason why they need SIPs
3:25 Don't try timing your SIP
3:38 When making SIP investments, figure out the savings you need, SIP date and SIP amount
4:08 Over a period of time, you can increase your SIP amount
4:43 The three ELSS that we like are Birla Sun Life Tax Relief '96, Axis Long Term Equity Fund and Franklin India Tax Shield
5:00 The reasons why we like these ELSS is that they have been around for some time............
5:08 They have certain fund size which indicates investor confidence
5:13 These funds have been performing consistently well over different periods in the long term
