I want to invest in tax saving MFs this year but m not sure which one...what do u suggest and why?
2006-09-05 19:51:05 · 4 answers · asked by Nisha 4 in Business & Finance ➔ Taxes ➔ India
First learn about the risks involved in mutual fund investing. For this, visit www.valueresearchonline.com. They also give ratings to mutual funds. HDFC Taxsaver is one of the best tax saving funds in India. A beginner should start from this fund.
Avoid lumpsum investment. Invest monthly.
Happy investing!
2006-09-05 20:25:15 · answer #1 · answered by MC 1 · 1⤊ 0⤋
I have invested in HDFC, Royal Sundaram and Reliance.... The returns are good. Slow and steady, but i like it that way!! I dont have much idea about Mutual Funds, one of my relatives is into MFs big time and i follow his advise, and so far he has been right!
These 3 have proved to be safe enough so far, they are growing steadily, you know, a steep appreciation gives me the creeps, cos what goes up fast, comes down faster!!!
2006-09-05 21:58:10 · answer #2 · answered by nice_libra_guy 6 · 0⤊ 0⤋
There are tax saver schemes in Sundaram, UTI, SBI etc., The lock in period will vary according to the scheme. So, you shall take into account the lock in period vis-a-vis the age of yours for proper MF tax saver scheme.
VR
2006-09-05 22:27:53 · answer #3 · answered by sarayu 7 · 0⤊ 0⤋
Icici and Hdfc are the best buys in the market...and i keep getting updates from a financial consultant.......and so i can update you accordingly nishaji.........
2006-09-05 19:56:20 · answer #4 · answered by doable_rods 5 · 0⤊ 0⤋