I am holding a number of equity diversified funds including BSL Frontline Equity, DSPBR Equity, IDFC Premier Equity PlanA, reliance growth, Reliance regular Savings Equity, TATA pure Equity.I am also investing via SIPs in Reliance Growth And BSL frontline Equity.i Is it advisable to invest lumpsum in these funds consequent to the current slump in the market.
Dear Omveer627, ur choice of funds is good. Also u r investing thru SIP, it`s the icing on the cake.
Now u want to invest more thru lumpsum, u may do so if ur time frmae is 5+ years.
One small suggession, Plz. invest ur lump sum funds in debt funds of ur respective AMCs & use STP in place of SIP to invest in ur target Eq. funds. From ur debt funds u `ll earn higher return than ur SB acct. & also u may invest in lump sum in Eq. funds in between by signing a transaction slip only.
dear ashal, thanx for your well considered views. Presently Iam subscribing 25k in my PPF with 8% tax free returns. Is it advisable to reduce this amount in view of the new direct tax code bill and invest the ibid amount in reliance MIP/balance funds/debt funds considering safety also in view.
You can go for additional purchase and otherwise go for more sips into these funds like:
1)Icici pru focussed equity
2)Reliance banking fund
3)Icici pru discovery fund
you can invest and take the benefit of market fall
Dear omveer627, As of now plz. don`t panic for New Tax Code (NTC). First of all it`s merely a proposal at this stage. Final shape may be different from what we can see at present.
There is more to it, in the proposal of NTC, it`s clearly mentioned, the balance lying in the PF or PPF accounts on 31st of march 2011 (if NTC implemented from 1st April 2011)`ll always remain tax free. But any contribution after introduction of NTC & any interest accrued in the account (be it on old balance or fresh investment)`ll become taxable at the time of withdraw or maturity.
| NIFTY 
