Question : Which are the best tax saving mutual funds for a begineer?
I want to invest in mutual funds which could also help in saving my tax. This is my firat time hence would like to know from where should I start and what are best options available?
- asked by Anshum V
All Answers:
Answer #1
How will this help save you tax?If you invest in a401(k) or an IRA, you can deduct thecontributions.
- answered by Rick B
Answer #2
learning correct spellings is the first step
- answered by myth_kw
Answer #3
A 401(k) account (if you have one) or an IRA isbest because they are tax-deferred. However, ifyou are talking about non-retirement accounts, youcan look for tax-exempt municipal bond funds or"tax-efficient" stock or asset allocationfunds.See www.morningstar.com,www.investopedia.com or www.mfea.com for moreinfo. "Mutual Funds For Dummies" is a great bookfor beginners, too.
- answered by newjerseyguy
Answer #4
SBI MF MAGNUM TAX GAIN SCHEME
- answered by The Prince of Egypt
Answer #5
You can go for any of the following1. SBI MagnumTaxgain.2. HDFC Taxsaver.3. HDFC LongtermAdvantage.Also visit
http://www.valueresearchonline.com for detailedanalysis on mutual Funds.
- answered by sandevyl
Answer #6
HDFC tax saverReliance TaxMagnum Tax SaverF TtaxPrincipal tax
- answered by Bhau
Answer #7
SBI MAGNUM Tax Saver & Principle Personnel Taxsaver are one of the best tax saving funds
- answered by Bharat
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measure and fulfill your financial needs
