3 replies on this article “Redeeming of tax saving MF and putting in FD what say?”

1. Narayan says:

   January 5, 2012 at 1:23 pm

   You have already benefited from the deductions you claimed under Section 80C at the time of investing in these funds. You have also received dividends. You should exit this investment only if you need the money.
   Alternately; you can redeem and redeploy it in some other ELSS fund. This way, whatever sum you redeem will be tax free and when you re-invest the same; you can claim tax deductions under Section 80C for this year and not feel let down by the current value of your investment.
   Regards
   Narayan

   Reply
2. ashal jauhari says:

   January 5, 2012 at 12:07 am

   Dear Vin.p26, whatever loss is there on your ELSS right now is a notional one. For the current down time, it’s not an ideal time to redeem your money from the Eq. market. The better option you may use is to redeem from your tax saver funds & invest the amount in diversified Eq. funds say HDFC Top 200 or HDFC Eq. or Quantum Long Term Eq.

   Thanks

   Ashal

   Reply
3. VIGNESH BASKARAN says:

   January 4, 2012 at 4:45 pm

   Hi

   As we all know the market is very volatile . if you really need money take it out, or stay during these volatile times. after one or two yr u may be able to get some profits. so at that time it is wise to get out.

   If you withdraw then u will be able to take out only the capital. No returns you will gain for the three years.

   regards
   Vignesh

   Reply

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