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Ramalingam Kalirajan637 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 02, 2024

Asked on - Feb 25, 2024Hindi

Hello Sir, Hope this mail finds you well ! I will be getting around 10-15 lacs which I plan to invest for longterm. My plan is to divide this amount into 2 parts : I) 50% invest in Canara Robeco Banking & PSU fund for 3-5 yrs and make STP into Canara Robeco Bluechip fund for 3-5 yrs. 2) Remaining 50% invest in Nippon Corporate Bond fund for 3-5 yrs and make STP into Nippon Multicap fund for 3-5 yrs. OR alternatively I should purchase NIFTY BEES ETF every month with the same amount. Which investment will be better from Taxation & investment perpective. Let me know if there is any other better alternate investment option. I already have SIP's in Parag Parikh Flexicap (70K), Canara Flexicap (25K), SBI Midcap (30K), Kotak Emerging Equities (15K), Nippon Multicap (30K), Axis Small Cap (10K). Thanks for your advice.
Ans: Considering your current portfolio and investment goals, investing in NIFTY BEES ETF through SIPs can be a tax-efficient and cost-effective option. ETFs generally offer lower expense ratios compared to actively managed mutual funds, and investing through SIPs allows you to benefit from rupee cost averaging.

However, it's essential to assess your risk tolerance and investment horizon before making any decisions. Ensure that your investment strategy aligns with your financial goals and that you have a diversified portfolio to manage risk effectively.

Additionally, you may want to consider consulting with a financial advisor to evaluate your options thoroughly and determine the best approach based on your individual circumstances. They can help you create a tailored investment plan that maximizes returns while minimizing tax implications.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.


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