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Tax benifit on MF loss

I have recently sold out my Kotak Indoworld Infrastructure fund that I have been holding since Jan-2008 at some loss. Can I claim any tax benifit on that loss I incurred.

And I am about to start an SIP in HDFC Balanced Fund -Growth. This is the only balanced fund that I have in my portfolio. All others are fully equity based. Can anyone tell me how good or bad this HDFC fund is this. Or if there is any other alternative.

Thanks

 

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