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I also made lump sum investments in 2007 in Reliance Tax Saver (Rs 15,000) and LIC Market Plus (Rs 20,000). Should I sell them?
- Manish Deolalkar
If you want to sell your equity linked savings scheme (ELSS), which in this case is Reliance Tax Saver, ensure that you complete the three-year lock-in period. Why do you want to sell the units? Do you need the money? If not, have you decided where you are going to invest the amount? The other scheme that you mention is not from LIC Mutual Fund but from Life Insurance Corporation of India (LIC).
As for your other funds, we suggest you lower the mid-cap exposure.
This article was originally published on September 28, 2010.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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