Small Investment - ELSS or Index Fund?
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Hii, I want to start monthly SIP what should I choose between ELSS or Index.
Want to stay invested for long term, not much but will start with 1k per month. Already having SIPs in Quant Active Fund and Nippon India Flexi Cap. Would be really helpful if can name some particular plans to look into.
TIA
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If tax saving (80C) is not the objective, look at index funds (as they have low expense ratio). You can choose from Nifty50, BSE30, NiftyNext50, Bank ETF, IT ETF, Pharma ETF, Gold ETF's, NASDAQ ETF - list is too big.
If you have a trading account, you can buy ETF at real time price from Stock Market directly - https://www.nseindia.com/market-data/exchange-t...
YTD 1D 1M 3M 6M 1Y
Mirae Tax Saver Fund 2.32 0.52 3.74 3.99 13.74 1.5
BSE Sensex Index Fund 8.06 0.03 4.76 6. 11 16.78 7.02
"Long term" for you is 1-2 years.
Why did you choose Nippon Flexicap Fund? Just curious.
Didn't chose it was just recommended by my sister's husband (also an agent for mf) and I couldn't deny 😅,it was also my first investment didn't knew a thing about mf and he needed clients too. Is that a bad choice, just curious coz his senior was recommending it like this one's gonna boom so much and so in next 10 years 🤣
So basically a risk free investment would be index fund with average returns of around 10-14% and elss would produce better returns in long term but comes with risk.
Right? @Ramta_Jogi @GotoVishal
It took a good 6 years+ for Nifty 50 index itself to reclaim the highs it made in Jan 2008.
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Parag Parikh Flexicap Fund (Invests in Indian & US stocks)
For later - One ELSS fund, One Large & Midcap oriented fund. One Midcap fund and one small cap fund (7 year plus)
You don't need more than these for pure equity exposure. Maybe 1 Index Fund if u want just for the heck of it. You already have a multi cap (Quant active) and flexicap fund.