I am new in investing so seeking guidance from experts here.
Should I continue my investment in " HDFC ELSS Tax saver - Growth" fund or withdraw the money?
It’s been 10 years now and 20K that I invested is now valued approx 1 Lac. (NAV: 250 → 1371)
I don’t need the money immediately. Should I let the money stay there or withdraw ? Please suggest
In 10 years, a lot of things might have changed with the fund. Changes with managers, AUM increase so tilt towards large cap. Look at the fund returns in calendar years, also check the rolling returns, and if you are satisfied, you can think of staying.
How big is 1 lakh to you? What will you do with the proceeds if you sell? Do you have any other ELSS funds? Do you need ELSS? Many questions, answers them to yourself and you can take a decision.
Thanks for replying Chaitanya !
I don’t have an immediate need for this fund and I am new to investing. This MF was something that I’d purchased long back.
I guess it has given fairly good return…became 5x of my initial investment in 10 years. I guess I will continue to stay in this unless I want to put this money anywhere else. I remember the initial guidance at moneycontrol site which said that I should stay in this MF for 6-8 years so that’s why I thought to check with experts like you here, if there is any harm in continuing even after 8 years in this fund.
As for ELSS I don’t need then now as EPF contribution covers up entire 1.5L of section 80c
