Saturday, April 6, 2013

BEST TAX SAVER FUND

Mahesh Ji, I'm planning to diversify my portfolio. Currently I have shares and PPF. What you suggest now? Mutual Fund? If yes what plan? I would like to have some tax exemption also Infra Bees, ETF? What is your opinion about these? Ask by Rajiv daniel
 I suggest HDFC TAX SAVER plan (Dividend option)due to it large corpus size ( as you read in my book that I like mutual fund with large corpus size) and choose dividend option in ELSS
 I think you have my book so for more detail please read chapter 20,21 and 22 of this book 
20. MUTUAL FUND INVESTING. 
21. CHOSE DIVIDEND OPTION IN ELSS. 
22. HOW TO BOOK PROFITS IN MUTUAL FUNDS SIP. 
Make your  investment in SIP method. See past dividend history of HDFC tax saver fund in this link http://www.hdfcfund.com/NAVCorner/DivList.aspx?ReportID=30379B6D-0849-4AE2-A127-F8F68EB6E561
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7 comments:

  1. Rajeev DanielApril 7, 2013 at 12:15 AM

    Mahesh Ji,

    Can an existing investor with a demat account can get the privileges of RGESS?

    ReplyDelete
  2. Mahesh chander kaushikApril 7, 2013 at 4:33 PM

    NO

    ReplyDelete
  3. Mahesh chander kaushikApril 7, 2013 at 4:34 PM

    An existing investor with a Demat account cannot get the privileges of Rajiv Gandhi ELSS

    ReplyDelete
  4. Rajeev DanielSeptember 6, 2013 at 10:33 PM

    Mahesh Ji,

    After a couple of months of research in MF, I reached a conclusion to divide my MF investment into 3 funds.

    1) HDFC TAX SAVER (DIVIDEND)
    2) ICICI PRU TAX PLAN (DIVIDEND)
    3) FRANKLIN INDIA TAX SHIELD (DIVIDEND)

    Please let me know your opinion.

    ReplyDelete
    Replies
    1. Mahesh chander kaushikOctober 20, 2013 at 9:23 PM

      Rajeev ji
      Sorry for so late reply, all of these 3 funds are good choice for tax savings but in my view you may replace your 3 choice FRANKLIN INDIA TAX SHIELD (DIVIDEND) with SBI MAGNUM TAX GAIN (D) because i like SBI MAGNUM portfolio and think in coming 3 year this will be lead again,
      Regards.

      Delete
  5. Rajeev DanielOctober 20, 2013 at 7:30 PM

    Along with the answer for earlier question I would be thankful if you can suggest on purchasing MFs through ICICIDirect or FundsIndia. I actually want to get everything under a single roof. But the charges seems to be too high for ICICIDirect.

    ReplyDelete
    Replies
    1. Mahesh chander kaushikOctober 20, 2013 at 9:27 PM

      Rajeev ji, i replied your earlier question, In Compare to ICICI Direct and Fundsindia i will perfer ICICI Direct because they give us highly professional service, Yes , Charges of ICICI Direct is very high but I use icici direct only. Regards

      Delete

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