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Friday, 13 June 2014

Tax savings mutual fund SIPs

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A mutual fund is one of the best venues to get exposure in the equity markets. It is an ideal route for people who do not have the knowledge or discipline to pick quality stocks and stay the course. Tax savings mutual funds provide you the double advantage of saving taxes and enhanced return.

ELSS (Equity Linked Saving Scheme) is a type of tax saving mutual funds eligible for deduction under 80C. Many people do not make use efficient use of ELSS. It can be a double hit if utilized properly.

Tip #1: An ideal method to invest in tax saving mutual funds would be to take an SIP method.

Tip #2: It should be in a well-managed (credible fund manager) fund from a reputed mutual fund house.

Tip #3: Don't invest in one lump at March (or end of financial year) to get tax savings. Markets may be at the higher end. Then if market goes down, your values shrinks drastically. As said above, split them over several months in uniform way.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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B. Large and Midcap Funds Invest Online

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D. Small and MicroCap Funds Invest Online

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2.Franklin India Smaller Companies

E. Sector Funds Invest Online

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F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

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G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
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H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

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Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

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Mutual Fund Application Forms Download Any Applications
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