Investment Advise

A Guest asked :
"I am 28yrs old i invest monthly 1500
In this market scenario, which SIP funds
best (tax gain also)"

My Reply was :
"Dear Guest,
I prefer you should go for 3 funds of sip of 500 each. My personal choice would be
1. DWS Tax Saving Fund, even though the fund is relatively new, it has outperformed its peers by a huge margin and the icing on the cake is the Free Life Insurance Cover by 5 times of your investment amount.
2. DSPML Tax Saving Fund is also a rather new entrant. But like all funds from the DSPML Stable, this fund is a conservative in its investment approach and would be ideal mix in your portfolio.
3. Principal Personal Tax Saver would make the picture complete with its aggressive mid-cap strategy.
I would avoid SBI Magnum Tax Gain 93 because of huge bloated size and unsure whether it would manage to even give average of the Benchmark Returns.
Another fund you could look at is the Birla Sunlife Tax Relief 96 which has been a consistent performer. And presently, it is also offering Free Life Insurance upto 100 times your monthly investment. For more details see my previous messages.
Or visit accurateadvisors dot blogspot dot com
BEst of luck"