Comments on: Top 10 Mutual Fund (ELSS) schemes to save taxes

By: Amit Surpuriya

Amit Surpuriya — Tue, 24 Jan 2012 17:31:36 +0000

By: Gaurav Tiwari

Gaurav Tiwari — Sat, 17 Dec 2011 13:26:09 +0000

HI Shweta,
Greetings. Really Nice Article. Please help me. I really need some advice

from you to help me understand these terms.
Like for example no.1 Magnum Taxgain
return% 1 year is 93.29 , 3 year is 10.05 , and 5 year is 32.03 … NAV for plan-

Dividend 44.4 , Growth 59.05 .
CAn you give me more details about what is this 93.29, 10.05 and 32.03 . And also

please do tell me about NAV.what exactly is it and what is this dividend 44.4 and

growth 59.05.
Also if I choose to invest 1 lakh, how much will i get in these 1, 3 and 5 years and

how will it be calculated.

Many Thanks and Advance.
Gaurav

By: sandy

sandy — Thu, 24 Nov 2011 06:30:06 +0000

Gr8..u have good amount of money..go for Quantum tax saving fund

By: Lalit Kishore

Lalit Kishore — Wed, 23 Nov 2011 19:28:55 +0000

Hi Shweta,

I am investing in 3 MFs viz-e-viz HDFC Top-200 (Rs.5000/month), HDFC Equity Fund (Rs.3000/month) and HDFC Mid-Cap Opportunity (Rs.2000/month) through SIP. I want to know whether my MF portfolio is right or does it need some change.

Further, I want to invest Rs. 50000 lumpsum in ELSS for saving my tax, in order to get the return in one go. I found HDFC Taxsaver is a good option, but I want some other better performing ELSS instrument, as it is not very wise to have funds from only one fund house. OR if you can suggest me an alternative to ELSS, as the income from these instruments is taxable.

Could you please tell me how much is the TDS on ELSS?

Thank you.

By: MCA XBRL

MCA XBRL — Sun, 30 Oct 2011 06:17:54 +0000

Hi,
Can we also have some articles related to latest xbrl technology filing for BS and P&L. (latest mandate from MCA)

By: G. Kumar

G. Kumar — Thu, 25 Aug 2011 11:45:55 +0000

Hi Bhavik,
As I know, SIP's are debited on whatever the date from the bank, the units alloted to you are always on the date selected by you everymonth. In case, the particular date is a holyday, the units will be alloted as per NAV of the next working day….

By: G. Kumar

G. Kumar — Thu, 25 Aug 2011 11:37:51 +0000

Hi Kiran,
If you are going to invest for the purpose of tax saving, ELSS is a good option. But if you are investing for the purpose of return, the period of three years is not enough in case of sip's. If you are going to withdraw your money after 3years, you should invest in bank FD's where the return is assured upto 9.5 pc to 10.0 pc per annum.

By: kiransudha

kiransudha — Tue, 23 Aug 2011 10:00:12 +0000

Hi Shwetha

i am completely new to this subject. one of my relative is suggesting me to invest in mutual funds ELSS scheme. i want to invest 2k per month for three yrs and i want to take the entire amount in 2014 for my expenditure. i want to know that how much money will i get back and how much tax can i save. pls clarify

Kiran

By: urinzbnnv

urinzbnnv — Tue, 19 Jul 2011 19:31:00 +0000

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By: Income tax return

Income tax return — Thu, 14 Jul 2011 19:17:54 +0000

Hello,
Mutual funds are a better option of investing and savings taxes or any other scheme ?