Let me start off by telling you that there are plans to phase out the tax breaks on ELSS mutual funds with the introduction of the Direct Tax Code DTCso this avenue is going to be closed in the coming years. However, you can still invest in it this year and get tax breaks. These tax saving mutual funds are covered under Section 80C, which means that you can invest a maximum of Rs. I saw an interesting question on Value Research some time ago where someone had written in to ask what happens when they select the dividend re-investment option in the case of a ELSS fund.

The dividend that is invested back in the scheme is considered fresh investment, so what happens is that this money is further locked in for three years, and this can create an infinite loop. I wrote a post on how to find tax saving mutual funds some time ago, and I used that information to get a list of all the ELSS mutual funds currently available in India, and then narrow down options from there. Then I looked at the funds that were around for 5 or more years, and took the 10 best performing out of them.

After that I noted their expense ratio, as well as their inception date in the table below. Doing this gave me a list that has some tax saving funds that have been around for a very long period, and have done reasonably well over that period. The expenses are important because they eat up your returns, so I wanted to highlight them as well. All data from Value Research. In the absence of that I compiled a list of long standing performers, and have presented you with that information, and if you think this criteria makes sense, then you can select one or two funds from this list for your investment.

I will also recommend going to Value Research and doing some more research, and playing with their tools because they do have a lot of good tools in there.

I am becoming a great fan of your blog. I liked the way you scrambled the funds not to put it into any particular order. ELSS would be available for the F. Tax Planning should start in the month of April and should continue through the year and should not be concentrated during the last quarter alone. Choose your fund on the basis of the process followed and not on the basis of past performance or on the basis of the fund house or on the basis of a star fund manager Most well managed funds are those that are little heard of.

The Best managed Equity Mutual Fund Scheme is actually the smallest equity fund in India. The Best best would be funds that follow the bottom-up principle of stock picking and those who believe in the value-investing philosophy Buy lower and sell higher of Warren Buffet rather than the other way around. If possible go in for a Daily SIP or a Weekly SIP. I personally donot like lumpsum investments. Thanks Loney — where can one see the churn ratio?

Is it available on sites like Value Research or just with the individual fund website? By a silly mistake i blocked 2 units of IDFC worth 10, Rs. I wanted to block 20, Now the ICICI direct system is not allowing me to invest additional amount. I need to submit investment proofs in the company in a day.

Can you please help me here? Hi Manshu, Goodday to you! I like your advice on my case below… i have a LIC Money Plus ULIP policy. This prices is fluctuating proportinately based on the BSE index. In this casecan i continue investing in this product and book profits by selling units when the markets are doing well.

If you suggest surrender this product what are the other products you would suggest mewhich can help me as a tax saver in the first place and then give me a good return.

Srini, Your question is a tough one for any financial planning. The ULIP you bought was a front-loaded product. Which means they deducted a huge chunk of your first year premiums in different charges. These type of investments only give you a respectable return if you continue for more than 12 years.

Now if you had invested something like K per year, you should have continued. And here are the reasons: Their is no commitment to invest every year.

Its a big relief. Yes, ULIP dividends will be taxed afterthanks to DTC. Let me know if you need more clarification. I heard the ULIPs which are launched before DTC lauch would continue to enjoy the tax saving feature even when you are closing it.

The dividents will be taxed only for the products launched after DTC comes in to force. The PPF is not attractive because of the 15yr lock-in. Yes, the latest draft exempts the existing ULIPs.

Due Date To File Income Tax Return Assessment Year | SIMPLE TAX INDIA

PPF, in fact, has the shortest lock-in of all products which will be fully tax-exempt EEE afterassuming you are less than 40 year old. They turn out to be Reliance, SBI and HDFC. There are reputed companies. Past returns should be used for filtering and not selecting. I would like to differ from you wrt reputed companies. I donot believe in the reputation of companies. Fund management is upto the team to deliver the goods to the investors. An ethical fund management team which is disciplined in the process of investing will do wonders rather than large corporate brand names.

Hi Siva, Great Point! In my recommendation above, they just happened to be established fund houses. It was not the basis of recommendation. I wouldnot answer your question with regards to ULIP because I am a die-hard hater of these parasitic schemes.

With regard to the other question You should decide the scheme yourself based on your risk tolerance. When choosing ELSS products, you should first know your risk tolerance. If you donot have risk tolerance, ELSS is not for you 2. If you have a small amount of risk tolerance, you should go in for Large Cap oriented ELSS funds 3.

If you are risk averse and you completely understand the nuances of investing in ELSS schemes and you want higher returns, go in for mid-cap oriented ELSS fund. If you ask me, I would go in for Quantum Tax Saving Fund because, I like their principle of investing and their work ethic.

This is definitely not to be considered as a recommendation. Manshu, You should also have listed younger funds with good 3 year returns. For example, Fidelity Tax Advantage Fund is doing consistently well for last couple of years.

Maybe it deserves a place in a top 10 list of ELSS. Manshu, Investing is more of an art than science, and everyone has different beliefs.

I just wanted to indicate that a strict filtering is not always the best option. The fund in question is 4 years and 10 months old and does not qualify in your list in spite of having a good track record. And as I said above, good brand is often a decent proxy of people, process and ethics, just like you believe long track record is. I really like your list otherwise.

I would like to suggest with a disclaimer the following funds. Again, like Manshu did, I would not put them in any particular order. I would try to classify them according to their risk-reward charateristic.

I would also deal with this aspect qualitatively rather than use quantitative tools or ratios. The views expressed are my own and you may use your discretion to either accept or reject my views. Medium…………High Canara Robeco Tax Saver…………………High…………….

High Value Investor ICICI Pru Tax Plan…………………………High……………. High Aggressive Sundaram Tax Saver………………………V. High…………High Aggressive SBI Magnum Tax Gain……………………. Hey Loney, What is the thought process behind this? I mean how did you narrow them down to these, and how did you classify the risk — reward? As I have mentioned, all the above observations are qualitative based on my experience with them during the last three years.

I started my mutual fund investments with a very huge number of funds numbering TEN. And all the above funds featured in my portfolio. I had the opportunity of analyzing them during the downturn in because I was holding all these funds during the entire downturn and the recovery during It is based on these experiences that I classified them.

Since I was holding ten mutual funds at the same time, I found that i was wrong in doing the same. So, I have started reducing the number of funds in my portfolio and have already reduced them my half. Now, I am investing in only two funds and as soon as the lock-in is over, I would have only two mutual fund holdings. One Tax Saving and the other for regular investment.

The only two funds I will have in my portfolio would be 1. Quantum Long Term Equity Fund Daily SIP 2. HDFC Tax Saver Monthly SIP. Yes, I have the same question. Though I have a hunch that yours is a returns-based analysis. Because a holdings-based analysis would always have high-high or low-low relation for risk and rewards. Or else you need to have a very strong view on the sectors or holdings in the portfolio.

But then returns-based analysis is backward looking. It totally goes against the spirit of risk reduction and diversification. I always advice newbies to invest in mutual funds. The risk of a value investor is usually very high and it takes character, conviction and deep pockets to be one. With regard to diversification, I believe that a mutual fund itself is a diversified vehicle diversified across various sectors and and market caps.

Typically, a mutual fund holds 50 stocks. Holding a very large number of mutual funds will make it so diverse that the portfolio tend to behave like an index fund. It would be better to go for an index fund whose expense ratio is very much less than actively managed funds. My last statement means that too much diversification in mutual funds would mean that your portfolio would never beat the market by much and therefore its return would more or less reflect the broader market.

If you want to track the broader market, index funds are the best alternative because of low expense ratio. Could you please elaborate on what you mean by holdings based analysis, and the inference that it will be have a high — high or low — low relation for risk and reward?

I would like to clarify that even-though theoretically risk-reward should be high-high or low-low, we find that funds deviate from theory by a long way. If theory holds good, all funds would have the same Sharpe Ratio. But, we find that the sharpe ratio, which tells you how much your fund reward you for each quantum of risk taken, varies from fund to fund.

This may be due to Faulty Assessment of Risk by a Fund Manager. There are funds that take undue risk to reward you. These funds usually take more risk than they reward you with. Such funds will have the least Sharpe Ratio.

Funds that take weighted risks and reward investors handsomely have very high sharpe ratio. Any fund manager who sees fundamentals rather than momentum to pick stocks will do much better because the risk he has taken would be justified over the long term. Whereas momentum chasers they call themselves high alpha and high beta fund managers will find that when the momentum suddenly loses steam they are nowhere. I also beg to disagree with you on the fact that value investing is risky.

Because, A value investor 1. Takes the whole investment universe. He short-lists only the companies that are sustainable in the foreseeable future 3. He then eliminates all richly valued companies and picks companies whose price can be justified on the basis of fundamentals. He chooses an appropriate entry price and an appropriate exit price.

He enters the stock only below the entry price attractive valuation and exits as soon as the exit price rich valuation is reached. He is never afraid of holding cash if the valuations are not attractive. Since the price you pay is always justified, this is the method of investing where the risk is the lowest. Since you enter the stocks at appropriate price points and exit at specified price points. Such portfolio more-or-less resemble a PE-Fund. The only important thing is that you should stay for the long term usually 5 years or more.

Though this time period is valid for all equity investments, it is more so with value investing. One fund which is missing in the list is HDFC Long Term Advantage Fund which I have been investing since It is consistently doing good also at present. It is better to go for funds rather than funds. SIP is the best way of nav averaging, rather than lumpsum investment. Hi Ankit You will not be able to redeem in any of the ELSS schemes till the lock-in is over. You will have does fishing or woodcutting make more money in runescape wait till the lock-in is over to be able to redeem.

Hi All, Not sure this is a right medium to post this question. If am buying and selling shares using my demat account and pan cardwhatever money am earning will it be taxed end of year as my annual income. My wife got her own demat account and pan card number but she plan to use my bank account for buying and selling shares. According to the Prevention of Money Laundering Act, you are not entitled to make third party payments into your demat account.

By the way, 1. Credit facility offered to you is considered as your own money. Gain on sale of share held for more than one year is considered as long term capital gain. Gain on sale of share held for less than one year is considered as short term capital gain.

Hi Shiva, i have few more clarification, 1. Do i need to pay the income tax for the long term capital gains. You will have to pay the short-term capital gain along with your incometax. You may give a declaration to your employer quoting your additional tax liability and inform them to deduct tax for this also.

But, Returns from ULIP is non-taxable because, it is considered as a pay-out from an insurance company which is non-taxable. Both maturity proceeds and claim benefits in mutual funds are non-taxable. The last statement should read … Both maturity proceeds and claim benefits from insurance companies are non-taxable.

Hi They only mean frequent dividend payouts. Dividend in a mutual fund is nothing but automatic partial redemption. By the wayi have few doubts which require your clarification… 1. Brokerage firms will take a separate payment towards investment advice as brokerage. If the investment decision is yours, then why pay brokerage to such brokerage houses. You need to pay fee day trading into the millennium pdf towards any investment advice rendered by a financial planner.

Hi Srini I am a 25 yr old media executive. And I have just started investing. Now the initial investment that i have completed is of Rs. For the purpose of saving tax, I need to invest another Rs. I am open to taking risks provided the expected return is worth it. You can go for ELSS since you want to invest before this financial year.

It is better to go for dividend payout as from Jan-March every year the MF pay back the dividend. One fund which I would recommend is HDFC Tax Saver Dividend which is a consistent performer since a long time. The 2nd one you can go for Canara Robeco Equity Tax Saver as has given good returns since last 5 years.

The 3rd you can chose is HDFC Long Term Advantage Dividend, which has recently given Div. Now since the NAV is less you can get more Units.

The reason you choose funds, so your risk is distributed. Dear Vishal, I would like to disagree with you on the point that NAV being less or No of units being more is favourable. In mutual funds, as far as i know, NAVs, No of units, dividend payout is is immaterial and never needs to be considered. I would like to disagee on your point regd. NAV, Dividend Payout and No.

NAV does makes a difference. If you want to sell the units after years or whenever you want and the nav is decreased, so there will be loss in that fund. You have to earn some Profit after certain period while selling the Fund. We have to look at the past trend also for deciding to invest in a Fund.

All the parameters have to be taken care of while investing in a fund and also the investors main objective of investing. Hi Vishal, I think you got my point wrong. Assume that you have two funds, one having an NAV of Rs.

If you invest Rs. You will be allotted units in the first fund and 4 units in the second. Assume that both the schemes have identical portfolio and identical expense ratio. You will find that the market value is Rs. So, NAV is immaterial. You choose the right fund and invest whatever be its current NAV.

With respect to dividend payouts, they are nothing but compulsory automatic redemptions. Say, you have units of a fund having an NAV of Rs. Then, after the dividend payout of Rs. Hence, dividend payout also doesnot matter in considering an investment.

Hi Khurram You have invested Rs. Answering a few questions would help you to understand the product. Do you know where your money would be invested predominantly?

If it is a pure equity product, do you stock trading timings that any company can give an NAV guarantee? What sort of returns do you expect? Did you go through the benefit illustration for charges? Are you adequately insured? Do you know about term insurance policies? You can use the post and comments to shortlist a fund and invest in a staggered way over a period of time.

If you include the charges, the returns are even less. 24 bulls binary option methods c would request you to do a post on these schemes so as to create an awareness among your audience. You buy one term plan and be done with it.

80C Tax Saving Options & deductions (FY ) | Wealthcom

Especially these crazy guaranteed products, let me write something about them in the coming days. Thanks Loney — pleasure, as always. I agree with you. I have only term plans. But, when i suggest term plans to my friends and relatives, they think i am not in my element to put some money for so many years to get nothing back at the end. I have seen people whose total insurance cover is Rs.

I would wonder how grossly people have underestimated the cost of their lives. I would believe that the future scope of stock market prediction culprit in all this is LIC of India, which all these years have built this image that insurance is for saving tax and make good returns off the money being invested. The lack of understanding in people that the insurance cover is a hedging mechanism against the vagaries of life is what needs to be taken to people.

Yes, a very good read, in fact it gives me an idea to do a post on all the good work Mr. Bhave has done, cbot corn trading limits in a tiny way recognize his great work.

For Tax Saving Mutual Fund Investments advice and processing, please call for bangalore only. The amount invested in ELSS MUTUAL FUNDS is locked for three years but I want to know whether the Tax benefit on this investment is given for the first year or for all the three years for which the investment is locked? You will have to do a little bit of research on these topics on this website and others as well.

Everything has risk and rewards which you will have to understand, and act accordingly.

Please intimate whether amount received for encashment of earned leave on retirement from govt service is taxable during Dear all, I understand that its been quite late now, but can anyone advise what are the tax saving investment options available under ELSS for this year, with high or medium returns of course?

Also would it be worth while to divide Rs. Not quite sure about what you mean by tax saving instruments under ELSS — mutual funds that come under ELSS? All the MFs listed in this post will get you tax saving investment options 2015-16 exemption. Where you invest should primarily be dictated with how well diversified you are.

So if all your investment is in shares then one big market fall can wipe out a significant part of your savings.

If all your money is in FD then you are not going to make a lot more tax saving investment options 2015-16 inflation in the bloodstock market crash run, so that question is a bit more involved than can be answered by anyone in a comment. A very simple query — If i make an ELSS investment before DTC kicks in would i continue to get tax benefit on the ELSS scheme that was launched before DTC code comes in even after DTC code kicks in??

Nishant — The tax benefit is that the amount of investment is reduced from your taxable income, so if you make that investment in this year or the next — it will get deducted from your taxable salary and you will get the benefit.

I have little knowledge on mutual funds but I was thinking of investing in HDFC Tax Saver mutual fund. On advise from friends, I decided to do some study. I have been checking the NAV of this fund for some time now few months and see that it is going down. What does that signify? Will it recover in the long run? Since these ELSS have a lock-in period of three years, it gives little opportunity for the investor to do anything with the investment for three years.

Is there some guarantee that after three years, funds like HDFC TS will be doing good? The NAV is decreasing because the markets are going down. This should not be a reason for worry. The HDFC Tax Saver fund is a very good fund. ELSS mutual funds have the potential to earn you inflation beating, broader market beating returns.

But, no one including the company is allowed to guarantee the principal as well as the returns from the scheme. Hi, I want to invest around how much money does a bank teller make per month in 3 Mutual Funds that provides Tax saving. I want to do SIP of 2k each.

Can you please provide me the best Tax saving Elss schemes of 3 Mutual funds where i get good returns? If i go for the SIP mode on investing a ELSS bond which has 3 year lock in period, before DTC comes into picture,i will be getting tax benefit for this year.

The tax benefit will be applicable only for this year. Hi, I have taken SIP of Rs in SBI MSFU for 3 yearswill get tax reedemption under setion 80c tax saving scheme. Hi Arvind — the tax benefit will only accrue for the investment you make for this fiscal acc.

Recently i have come to know that i can invest viaELSS and can get tax benefit. Plz suggest what homework can i do before selecting a suitable Fund moreover i seek ur guidance in choosing funds. Plz help n tell me criteria. Hi Gauri — The tax benefit you get nigeria stock exchange yesterday list of companies sorted alphabetically ELSS is that up to a lakh gets deducted from your taxable salary and that reduces your taxable income by that amount.

Before you select a fund you can look at its past performance, size, expense ratio. You can select a fund from ones in the list given above based on make money at home stuffing envelope parameters and please feel free to ask any more questions that you may have.

I have an SIP of Reliance tax saving MF, now I am planning to go for another sip, can you pl. Please revert through email. Since you are investing via SIP, each sell a put option meaning has a lock-in of three years. Say, you have started your SIP for Rs. So, while your very first installment has completed a lock-in of three years this April, your very recent installment in April would complete its three year lock-in only in April Thanks for your inputs, need to know since when this new policy is introduced as my friend started a month earlier then me and got all his units redeem last month only.

We both are investing through same medium SIP and for same Tax saver fund. It is highly improbable that your friend redeemed all units if he continued with his SIP all these years. Because the rules for ELSS schemes were never changed since they were introduced in I ohio tuition trust authority investment options have completed my education and started working.

Need to show up some investment for claiming tax benefits. I am thinking of going for ELSS option apart from NSC. Can someone plz help me on exactly how to invest in these funds. Do i need to approach a broker or is there some direct way to invest in them.

Waiting for an informative response. The direct way is to approach the fund of your choice and have their rep come to you. If you have an online trading account already like ICICI DIRECT then you can use that to buy MFs as well. I need some guidance from all of you,please guide me on which basis i can compare the funds of different fund houses. I have selected some points like……Beta,Asset allocation,Expense ratio,Sharpe ratio Pls tell me some more point on which i can compare the funds.

How would classify Dividends paid out under the funds theory from the point of view the business or entity? Do we treat it as revenue or something else? I do not know whether i shud divert money away from VPF or stick to it…. VPF will however be taxed if i stop before 5 years but atleast i can take my money out unlike PPF or NSC. If you want the money at any time then I would only suggest safe instruments where your capital is protected like RD or FD or Post Office deposit and other stuff like that.

The reason is that the stock market is volatile and it may happen that the market is down when you need to cash out, and you have to sell at a loss. I want your expert opinion on few funds that I have invested in. I am not in need of any immediate money, but the returns from these funds are very less as compared to the bank rate currently on deposits.

My question is should I stay invested or move out of these funds? SBI Infrastructure fund SR 1 g - Invest price- 10, current NAV- 8. SBI Tax Advantage Sr-1 G - Invest price- 10, NAV I wish to channelize my investments in a better way.

I have a question regarding redeeming the ELSS fund. If some one opted the Monthly SIP option to invest in the ELSS fund then How he can redeem all the units of the fund after 3 years.

I started investment in ELSS fund from Jan and the last SIP if I am planning to redeem after 3 years lock in period will be invested in Dec So would I able to redeem all the units in Jan or only the units which I purchased in Jan from first SIP.

Does it mean every SIP locked for 3 years? If I want to redeem all the units of ELSS fund then it would only be possible after 3 years of last SIP investment.

The units are locked for 3 years. Your units will be locked 3 years from the date of purchase. You can start selling individual units as soon as the three year period gets over on them.

I have taken a HDFC SL CREST Policy few days back. I just want to exit from it ,please let me know whether it is possible or do i have to wait for 5 years. If yes what is the amount i will be loosing ,i bought the policy on oct 03 with 50k as every year premium for 5yrs.

Please help me out.

You could try asking this question to the agent who sold you this and hope for a way out from that. I think there must be a way out but with penalties and fines. One question, I have no need of doing any tax saving. In such an event Is ELSS a god option compared to other general open Mutual funds. I am going to join in a company in this November.

Then, how to reduce my tax? In which plans I need to invest my money so that I will be benifited from my tax? Hye, i hve invested rs. Next question Which wil be most profitable- i wil extend the period for another two year for further Rs. I assume you have invested in ELSS right? I have not invested in elss. I hve invested only for one year in different mutual fund which is not tax saver.

So please now reply my question as asked. You can redeem all of them in April HY MANSU I have purchased LG SBI- Infrastruscture Fund -I- Growth 10 on july but now its value is8.

Did you buy this through an agent who can help you now or how did you buy these funds? I want to invest in tax saving MF. But somewhere I read that govt will remove ELSS from next year. So can I invest it now? If DTC is implemented next year then the tax benefit of ELSS will go away, but the tax benefit does exist today and you can invest in them today.

Direct Tax Code, which is something that is expected to replace the current Income Tax Act that governs the personal taxation right now. Dear Sir What is diffrence to buy MF dierct or thorugh agent? What is the CAMP office? Once the Lock in period of 3 years is over for ELSS and I redeem after 3 yearswill it attarct any income tax?

For every new mf I have to open one new SIP. What is the procedure. We are three brothers. We just sold our old house for Rs. The LTCG calculated thereon is about Rs. Now we want to construct a new house. Our question is whether we have to invest in equal proportion i. To save LTCG under Sec 54, you have to invest the capital gains within two years for purchasing or within three years for construction of new house. Hence, you invest in whatever manner the house construction should gets completed within three years from sale date.

This is the time of the year where investors rush for tax saving and are bombarded with tax saving schemes. This article provides apt information to take correct tax saving decisions. If I buy ELSS mutual fund in name of my wife, can I take tax exemption for that.

Or it has to be in my name only. Thank you for sharing. Stock market trading can fetch you a lot of profit if we play it smart. I wonder why this has been ignored by all AMCs. Yes, I agree with you Mayank, there is a scope for such a passive fund.

Dear Sir, I am already having an SIP account with ICICI TAX Plan since NOV My question is, if I purchase additional units now for the same plan, then the lock-in period will get be counted again from today?

Thanks Shiv Kukreja for prompt response. So is it advisable to invest in same scheme? Recommend me a better option. I am planning to invest 30k as of now. If the previous scheme is doing good, then you should continue with the same. Otherwise, explore other options. I want to invest in elss through sip medium however will my sip will stop if I fail to pay monthly amount due to lack of funds in my account.

Sir, I am 29 year old guy. I want to start my investments plans. I am very much confused about SIP, mutual funds,ELSS, DEMAT ACCOUNT etc. All these concepts goes very high from my mind. I would like to start my investments right now. How much I will get in return?? Notify me of followup comments via e-mail. Wish you a very happy new year! How to apply filters in Gmail automatically? Tax Saving ELSS Mutual Funds by Manshu on January 2, in Mutual FundsTax.

More from my site ELSS Mutual Funds: Effect of DTC and Current Status Equity mutual fund dividends will be taxed under the Direct Tax Code Capital Gains and Dividend Taxes on Shares and Mutual Funds Different Schemes under Mutual funds — Tax Savings, Sectoral and Index.

Hi Manshu I am becoming a great fan of your blog. I would like to add a few points: Dear Manshu, Appreciate your work. Thanks for your advise. Hi Smart Singh I would like to differ from you wrt reputed companies. Hi I wouldnot answer your question with regards to ULIP because I am a die-hard hater of these parasitic schemes.

With regard to the other question You should decide the scheme yourself based on your risk tolerance When choosing ELSS products, you should first know your risk tolerance. If you are risk averse and you completely understand the nuances of investing in ELSS schemes and you want higher returns, go in for mid-cap oriented ELSS fund If you ask me, I would go in for Quantum Tax Saving Fund because, I like their principle of investing and their work ethic.

In any case, never go for more than TWO funds. Hi Smart Singh Since I was holding ten mutual funds at the same time, I found that i was wrong in doing the same. HDFC Tax Saver Monthly SIP Reply. Thanks for clearing that up. Hi I would like to clarify that even-though theoretically risk-reward should be high-high or low-low, we find that funds deviate from theory by a long way. Dear Sivaramakrishnan, One fund which is missing in the list is HDFC Long Term Advantage Fund which I have been investing since Hi Srini According to the Prevention of Money Laundering Act, you are not entitled to make third party payments into your demat account.

Thanks for those valuable inputs. Srini You will have to pay the short-term capital gain along with your incometax. You neednot pay any tax for long term capital gains because it is totally exempt. You are getting tax exemption to ELSS based on this concept of Long Term Capital Gain. Yes, Sundaram is one fund house that pays dividend frequently. I didnt get any divident since yr in this fund Reply. Dear Khurram, You can go for ELSS since you want to invest before this financial year. Dear Loney, I would like to disagee on your point regd.

Vishal you have anything to say to this? You are on the money as usual Loney — thanks! For Tax Saving Mutual Fund Investments advice and processing, please call for bangalore only Reply. Dear Bharat Tax benefit is given for the year in which you have made the investment.

What is mutual fund? I want to invest pm for years? Please email me how could i get maximum benefits. Hi All I would like to add something more…. Hi, Good evening all, I have an SIP of Reliance tax saving MF, now I am planning to go for another sip, can you pl.

Hi Since you are investing via SIP, each installment has a lock-in of three years. Dear Loney, Thanks for your inputs, need to know since when this new policy is introduced as my friend started a month earlier then me and got all his units redeem last month only.

Dear Brij, It is highly improbable that your friend redeemed all units if he continued with his SIP all these years. Hi Friends, I recently have completed my education and started working. I have selected some points like……Beta,Asset allocation,Expense ratio,Sharpe ratio Pls tell me some more point on which i can compare the funds Reply.

VPF will however be taxed if i stop before 5 years but atleast i can take my money out unlike PPF or NSC im looking into ELSS and postal life insurance where lock in is only 3 years Please help me out … Reply.

Hi Manshu, I want your expert opinion on few funds that I have invested in. Hi Manshu, I have a question regarding redeeming the ELSS fund. Appreciate your response… Reply. I hope that answers your questions, and let me know if you have any follow up questions.

Hi Manshu, I have taken a HDFC SL CREST Policy few days back. Thanks and Regards, Ajith Reply. Manhsu — You are doing a great job. So please now reply my question as asked Reply. Hi Manshu I want to invest in tax saving MF. What is DTC Reply. So in new DTC mutual funds will be taxable after one year? Roop, To save LTCG under Sec 54, you have to invest the capital gains within two years for purchasing or within three years for construction of new house.

Please let me know the latest elsa m fund Reply. What about infra bonds which have been removed from this fiscal Reply. Sir, please can you explain me how dtc implementation is going to affect ELSS mutual funds??? I more information about else fund investment…. Since when elss fund investment started is really better to invest in elss than ppf Reply. Hi Mayank, No, there is no index fund in India which qualifies as an ELSS.

Thanks for the confirmation, Shiv! Yes, every additional investment has a lock-in period of 3 years. Cancel reply Leave a Comment. Beginners Guide to Investing in the Stock Market. CDSL IPO Review — Should You Invest or Not Rs. India Grid Trust InvIT IPO Review — Subscribe or Not Rs. Music Broadcast Limited MBL IPO Review — Subscribe or Not Rs.

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