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Should I invest in ELSS Mutual Fund now ?
I have been an investor in the ELSS - Equity Linked Savings scheme funds for more than 2 years. I want to make a fair return from this fund, but situation get changed and market crashed drastically. Now my fund is in loss of about 12 %. It was a shock on me, what should i do now ? Should I continue my investments in ELSS - Equity Linked Savings Scheme or to stop ?
ELSS is the specifically designed funds which invest in various equity shares and its aim at the fair return of the money invested and the investor get the tax benefit every financial year. The salaried employees and the middle class families chose these funds to get that tax benefit or avail the advantage of section 80 C of income tax act 1961.
The funds gave the investors a fair average return of 12 to 16 percentage which is much higher than any financial institutions in the market. The maximum return from the finance institutions are 6 to 8 % only. While considering that, ELSS gave you the double benefit. There are so many equity linked mutual funds and top performing funds gave you stable return all time.
Every investors have a doubt as the introduction of this article. Should they discontinue their SIP or continue with confidence even in this market crash due to covid 19. Friends, I recommend you to continue your SIP - Systematic Investment Plan or your lump sum investment without considering this situation.
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Every investors have a doubt as the introduction of this article. Should they discontinue their SIP or continue with confidence even in this market crash due to covid 19. Friends, I recommend you to continue your SIP - Systematic Investment Plan or your lump sum investment without considering this situation.
You can purchase more units of your funds at this time because the NAV - Net Asset Value of the funds decreased due to share market crash. It will help you to get more return at the time of revival of the share market. As the time goes, Net Asset Value increases and you have more units than before and you will get the money more.
Another factor in the investment decision is your goal. What is your ultimate goal in this investment..? It may differ from person to person. Some may invest to get the deduction of 80C of Income Tax Act and some may find it as a saving plan for monthly and some may invest as a future plan to gain more.
Another factor in the investment decision is your goal. What is your ultimate goal in this investment..? It may differ from person to person. Some may invest to get the deduction of 80C of Income Tax Act and some may find it as a saving plan for monthly and some may invest as a future plan to gain more.
If you have a long term goal, then you don't have to bother about the market changes and be concentrate in your investment till your goal get achieved. Finance sector is under the trouble, I agreed, but i i strongly believe that our GDP - Gross Domestic Product, Growth Rate and all parameters will be positive and we will survive this crisis.
The latest notification from the RBI Governor clues about that. At that time, you will have more money in your hands.
Bear Risk, Reap Results
Bear Risk, Reap Results
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