Question : How wise decision it is to invest in Mutual fund to get tax saving and earn more money ?
How is SBI magnum tax Gain Scheme ?Which is the best scheme for mutual fund investment and when to invest ?
- asked by ccc
All Answers:
Answer #1
I don't care what the investment is, ..but to basean investment decision on it's tax implication,instead of the value of the underlying investment,is NOT smart investing.
- answered by bob shark
Answer #2
play basketball my friend
- answered by anirudh1212
Answer #3
tax saving and earning money are 2 diffrentpardigms ,, if ur aim is tax saving mf are gud ,,,but if the aim is earning money some kind ofequity ,, invst like shares bonds or property isfar better as the roi is much higher in thelatter,, howver some compnies like hdfc and sbioffer mf and insurance policies with objective oftax saving and invst ,,, which can give u intrestof around 30 to 40 percent so do check on them
- answered by ravi
Answer #4
Yes its a good idea to invest into mutual fund fortax savings.one should divide 1 lakh rupees intoPF, term insurance and Mutual fund.PF gives norisk returns, term insurance gives excellentcoverage on small premium and mutual fund giveshigh returns in long termI compared ELSS (EquityLinked Saving Scheme) mutual funds on the basis oftheir AUM (assets under management) size and pastperformance in 6 months, 1 year, 2 years and 3years.Finally following funds were found to begood.Sundaram BNP Paribas Taxsaver, SBI Magnum TaxGain Scheme 93 - Dividend, Principal PersonalTaxsaver, Franklin India Taxshield - Growth,Principal Tax Savings Fund, Franklin India IndexTax FundThere is nothing like a specific time toinvest. Its the time and not the timing, thatmatters in market. Best way is to invest thru SIP.
- answered by batra_pankaj11
Answer #5
It is always better if you do our own research.It's not too difficult too!Just check the chartson valueresearchonline and moneycontrol. Pick theELSS that has consistently performed well overperiod of 3 and 5 years. Don't judge a scheme byits 1 year performance.Also make it a habit tooccasionally pick up magazines like Money todayand Outlook Money from the stands. Learn to takecontrol of your own finances, it pays richdividends in the long term :)Invest small amountsvia SIP rather than lump-sum, this always reducespurchase cost when the markets are going downwardsor are volatile - like in the currentmonths...HappyInvesting...-Ashwin
http://www.EaseOfMoney.com
- answered by Ashwin
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measure and fulfill your financial needs
