i have recently signed up with an FP.
I have been suggested to move out of 4 funds (in which I was invested via SIP for almost 2.5 years) and start SIP in 3 other funds.
My earlier funds were
• Fidelity Tax Advantage Fund
• HDFC Capital Builder Fund
• Reliance Vision Fund
Instead I am being asked to put in
• HDFC Equity Fund Growth Plan
• Magnum Contra Fund Growth Plan
• DSP Blackrock Growth Fund
The idea given is to aggressively invest in equity diversified instead of ELSS. Pls. share any views about the new funds vs. the old ones.
Thanks
Dear whomovedmychees, If u still have some space left for ur 80C investment, u may continue with Fidelity Tax advantage.
But if ur 80C limit is already over from ur other investments no need to park money in Fid. or any other ELSS.
For ur other 2 funds suggested for redemption - HDFC Cap. Builder & Rel. Vision, The advice is right. Off late for past 1.5-2 years Vision as well as Cap. Builder r not performing the way earlier these were known for.
In case of new funds offered for investments, my choice `ll be as below -
HDFC Top 200 instead of HDFC Eq.
DSP Eq. instead of DSP growth
SBI Contra is OK.
| NIFTY 
