I have a SIP of 1500 in AXIS Long Term Equity fund. Want to invest another 3000 in ELSS. Investment time is more than 10 year and for tax saving purpose.
Planing to invest in DSPBR Tax Saver Fund. I have below queries
- Should I do SIP of 3000 in DSPBR Tax Saver Fund.
- Is above fund good for long term i.e more than 10 years.
- Should I split 1500 in above fund and another 1500 in another fund. If yes, suggest one.
Already I have invested 100000+ in PPF. So want to invest rest in ELSS.
Yes, you can consider DSPBR Tax Saver Fund for your investment. But do remember that investing all your investable money in the single asset class (equity) is not a good idea. Do asset allocation like 40:60 in debt and equity.