Receiving a lump sum amount a bonus or salary arrears brings cheer to the working class.However, such a windfall often causes a dilemma in their mind about where and how to invest that money. Both of these are important and hence needs an apt handling that would allow one to get a good return without taking any undue risk.
It has been proven that goal-based investment approach helps in ascertaining which asset class to invest in, depending upon the time horizon for each one of them.For long-term goals, equity and equity oriented funds could be the best bet. However, considering the tendency of the stock market to turn volatile from time to time, a strategy of investing in a disciplined manner can not only help in tackling volatility but also turn it to one's advantage through "averaging".
Someone with a lump sum amount but not willing to commit all the money at one go, a Systematic Transfer Plan (STP) could be the ideal strategy. Investing through STP could also allow a new investor to redefine his risk profile and enhance exposure to equities in a carefully planned manner.
However, investing a lump sum amount at one go too can be a good strategy for a longterm investor who has an existing equity fund portfolio built through a core strategy of systematic investing. Remember, a mix of lump sum and systematic investing, over longer periods, has the potential to yield better results than investing systematically alone.
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Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Religare Tax Plan
4. DSP BlackRock Tax Saver Fund
5. Franklin India TaxShield
6. ICICI Prudential Long Term Equity Fund
7. IDFC Tax Advantage (ELSS) Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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