POSTED BY April 25, 2012 12:15 pm COMMENTS (7)
ONGuys,
Can anyone suggest best Mutual Funds for Tax Saving as well as Open Ended
Does Open Ended Funds if redeeemed after 1 year attracts tax, i am in 30% Tax slab.
Guys please can anyone suggest?
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Maybe this will help – http://www.thewealthwisher.com/2012/12/14/best-mutual-funds-to-invest-in-2013-in-india/
Dear Ashal,
Sorry for replying late
what are your current assets & investments :
Assets : Done with my Emergency Fund
Investments : ICICI Pinnacle (ULIP) 3 years completed – Looking to stop the payment form this Year
Yes, i already hold Sundaram Tax Saver – Not performing as expected though.
Monthly 4000-5000 is my investment strength now… (i might increase this down the line).
Holding Period – 5 Years.
Thanks for all i will consider from these….
Dear Sunil, what are your current assets & investments? Do you already hold some MFs if yes, which one? For tax saving funds, please invest in HDFC Tax Saver.
How much money on mly basis you want to invest in the Open Ended Eq. funds & what ‘ll be the possible holding period?
Thanks
Ashal
Equty Diversified….
HDFC Equity / HDFC Top 200
Franklin India Bluechip Fund – Growth
DSP BlackRock Top 100 Equity Fund
IDFC Premier equity
Tax saving category
Can Robeco
HDFC Tax Saver
I think, Fidelity tax advantage does not fit in the list anymore, because of complete ownership change.
Sunil
Some good funds in equity diversified category are
Quantum Long-Term Equity Fund
HDFC Equity
ICICI Prudential Focused Bluechip Equity Fund
HDFC Top 200
Franklin India Bluechip Fund – Growth
Birla Sun Life Frontline Equity Fund – Growth
DSP BlackRock Top 100 Equity Fund
And in Tax saving category
Fidility tax advantage
HDFC Tax Saver