Monday, May 11, 2015

What Mutual Funds to Invest In

Investing in too many funds may not be the right approach to achieve your goals. First have a look at the ones that are essential

Diversified Equity Fund

If mutual funds are the best vehicle for small investors to invest in stocks, diversified equity schemes are the most cost-efficient. Go for a large-cap fund with a good track record.

ELSS Packs Benefits

An ELSS fund serves many purposes. It saves tax under Section 80C, offers exposure to equities and can provide regular income by way of dividends. It has a 3-year lock-in period.

FMP

A fixed maturity plan (FMP) is a closed ended debt scheme that invests in bonds and deposits matching the scheme's tenure. An FMP is a tax-efficient replacement for Bank FDs.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

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

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