Tax Saver MFs : Which one is better?

POSTED BY Vamshidhar Reddy ON December 18, 2012 4:45 pm COMMENTS (3)

Hi Everyone!

I have two MF investments in Franklin Templton bluechip fund and IDGC pre equity G fund. Now i would like to shift one of these invetments into Tax saver funds… please suggest me the best fund available now.. I can hold for 3 to 5 years

Is it i can exit from one of those and buy new tax saver fund or I can swith to some other scheme in the same fund preferably Franklin India Tax Shield (G).

I have PPF in ICICI also.. but not considering it as the main tax save bcz it locks my cash for 15 years…

 

3 replies on this article “Tax Saver MFs : Which one is better?”

  1. I think then its a good idea to go ahead with an ELSS like Franklin India Tax Shield (G). You can redirect the same money here or start with new money if you have the capacity !

    Manish

  2. Vamshidhar Reddy says:

    Hey, its for investing and tax saving.. ready for moderate risk.. not ambitious to get huge returns.. i think 12 to 20% is fine for me…. so my question here is

    out of my present two SIPs i can stop one and start a new investment in tax saving mutual fund…..

    and

    I can continue with other sip as per the suggestions may be in IDFC pre equity or Franklin blue chip……

    please tell me, is it good idea to switch into other scheme from my existing MF or stat new tax saving MF…

  3. BanyanFA says:

    Hi Vamshidhar ,
    One very important question before answering your query – are you after pure tax saving or do you want to make investments which help you to save tax (as a by product). Apologies for asking this question, but I want to rule out a doubt in my mind whereby investors end up just investing for the sake of saving tax and hence end up with a pile of investments which don’t meet their long term financial goal.

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