20 February 2008
SIP is good than one time payment. It is due to nature of risk in market. I can suggest you that there may be time when you invest one time and get good return say 40-50% but if you start SIP there return may be 20-30%. But then too SIP is good as SIP will average your risk. For exp if you say had invested on 12 June when market was at highest level. As on date you will be in loss of arrround 20% even in best fund. But if you opted for SIP than for first payment you will be in loss of 20% but in second payment it will average your loss. Secondly in SIP your amount invested will be ussually low.
For reference i can suggest you best fund as on time for Equity Diversified :- Kotak Opportunity fund and Relaince Diversified Power Fund. For Tax Saving SBI Tax Gain Scheme and HDFC Tax Gain Scheme.
CAclubindia
