Tuesday, October 6, 2015

ICICI Prudential Balanced Advantage Fund - MoneyBack

Highlights of ICICI Prudential Balanced Advantage Fund - MoneyBack
  • Investment in Growth Option
  • Enroll for Money Back
  • Minimum Investment Amount for Moneyback is Rs. 1 lac
  • Three Options available: Moneyback from 2nd Month of Investment or from 13th Month onwards or any month as per Investor's choice
  • Moneyback of 0.75% per month of the Invested amount. Basically generating a cash flow of 9% p.a. of the Capital Invested i.e Rs 90,000 for an investment of Rs. 10 lac in a year
  • No Tax Deducted at Source (TDS) on investments made in mutual funds by Resident Indians
  • High liquidity with no lock-in period for investments and no exit load for early redemption (subject to redemption of 20% units upto 18 months. Any redemption after 18 months – nil exit load)
  • Moneyback to take place on 25th of every month, the units shall be redeemed on a T+3 basis.

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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