What is your opinion about SIP investments in Mirae Asset China Consumption fund? Please also tell me if we can still invest in ELSS funds?
-Sunita
Mirae Asset China Consumption fund is an interesting theme, but you shouldn’t invest in such a fund if you don’t have investments in diversified equity funds. If you're investing in only 1 or 2 funds, then such a fund shouldn’t be one of them. Mirae Asset’s India Opportunities fund is a more attractive vehicle.
ELSS funds are valid tax-saving investments for one more year. You can invest in them for FY12-13 and save taxes.
This article was originally published on April 12, 2012.