Religare Tax Plan - Invest Online
Why invest?
The fund's ability to limit volatility, despite holding as much as half of its assets in mid caps inspires confidence. In the 2006-07 rally, tax-saving funds that held high exposure to mid caps bore the brunt of market correction. A number of them shifted their focus to large caps after that. But Religare Tax Plan has chosen to hold a good proportion of mid-cap stocks. It in fact has a higher allocation to this market-cap segment compared with its aggressive peer ICICI Pru Tax Plan.
We believe its ability to contain declines and yet, hold a quality portfolio of mid-cap stocks with healthy exposure to large-caps, will ensure the fund benefits from a rally. While such a rally may not happen anytime soon, the pockets of value in the mid-cap segment are likely to ensure that the returns are magnified when a re-rating happens.
Suitability
Religare Tax Plan is suitable for investors with some risk appetite. For those looking for pure large-cap plays, Franklin India Tax Shied may be a better scheme to go for. It is noteworthy that the fund will be subject to a three-year lock-in, given its tax-saving benefit under Section 80C. If you go for the SIP option, every installment will be subject to a similar lock-in. To avoid this, if you wish to invest lump sums, consider investing in 2-3 installments – either when you have surplus or when you see a broad market correction of over 5 per cent.
Consider holding a tax-saving fund in addition to traditional small saving schemes with tax benefits. This will provide a good hedge for the risks in equity.
Performance
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
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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