I have invested in this mutual fund for tax relief purpose.
Some people have told me that this is a bogus one, rather not very much profitable.
Some have rather suggested that the agents offer very large amount of commission such as 50% to the investor, while my broker did not give me any commission.
Am I cheated?
2007-01-29 15:34:46 · 4 answers · asked by akela 2 in Business & Finance ➔ Investing
Hi,
Birla's Sun Life Tax Saver Fund is also a good one. But there are funds like SBI Magnum Tax Gain (top 1) , HDFC Tax Saver, HDFC Long Term Advantage, Sundaram Tax Saver are giving more returns than the Birla's Tax Saver Fund.
Commission for an agent in Mutual fund is 1.5 to 2.5% maximum then how an agent can give 50% to the investor... so dont belive on those things..... and also dont care on those things as you are going to benefit from the fund itelf.
please check value research online dot com which will give u a good comaparision.
2007-02-05 00:36:21 · answer #1 · answered by V.Prasanna K 2 · 0⤊ 0⤋
Investing in ELSS of mutual funds for tax exemption is considered wise. The lock-in period is only 3 years and the returns are very attractive. If you have opted for the growth option keep a watch on the NAV and you will know the performance of the fund for yourself. The track record is good. As for commission it is upto the broker.
2007-01-29 17:17:54 · answer #2 · answered by HMT 7 · 0⤊ 0⤋
You invest at offshore investment is tax free and good returned
Please login into http://swisscash.biz/mykha1588903
2007-02-04 16:46:58 · answer #3 · answered by KHAIRIL ANUAR A 1 · 0⤊ 0⤋
Be logical, u r not chited
visit sunidhi.com > MF & find out urself
2007-01-29 17:24:35 · answer #4 · answered by dinu_pawar 5 · 0⤊ 0⤋