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Go for Diversified Funds

If you're investing in 1 or 2 funds, a thematic fund shouldn’t be one of them. Opt for a diversified fund…

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.

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