|
|
| Discuss Investing in TAX SAVING MF's at the Introductions within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hello guys! I am planning to invest in some of the TAX saving MF's. With ... |
|
|||||||
| Notices |
| Introductions New to Traderji.com? You can start off by introducing yourself here! Existing members please welcome new members here. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
6th October 2005, 02:41 PM
|
|||
|
|||
Investing in TAX SAVING MF's
hello guys!
I am planning to invest in some of the TAX saving MF's. With the help of money control I have zeroed in on these 2 following funds. HDFC Tax Saver (G) & Magnum Tax Gain Scheme. These two funds are top 2 funds in Equity Tax Saving sector. My question is.. is it correct to invest in 2 tax saving funds simultaniously.In each & every artical it has been mentioned that the portfolio has to be nicely diversified. I have already invested in HDFC multi cap fund through SIP.(dont think I can save any tax out of this) I Have gone through the portfolio of these tax saving funds. They are prety different & diversified. But i still need an expert openion on this. Is it advasable to go for 2 tax saving funds at the same time. Please let me know the details. Thanks Bharath 
|
|
#2
6th October 2005, 03:01 PM
|
|||
|
|||
|
Re: Investing in TAX SAVING MF's
Dear Bharathbn,
There is absolutely no harm in investing in two ELSS funds. In fact, it's a very good idea. Both the funds you have chosen have been performing well. The only thing to watch out for is not to let your Mutual Fund Portfolio get too diversified. If you have invested in 15 - 20 funds, it gets difficult to keep a track of them. In my opinion, an overall figure of eight to ten good funds (inclusive of all types: debt, equity, hybrid, tax saving etc, that you want) is easy to manage. Last edited by coljaspal; 6th October 2005 at 03:03 PM. Reason: typos!
|
|
#3
6th October 2005, 03:15 PM
|
|||
|
|||
|
Re: Investing in TAX SAVING MF's
As of now I have only HDFC PMCF. I am new to this, just a beginner.
Slowly planning to build my protfolio. Thanks a lot for your suggestions. I will come back to you guys with more in near future. Thanks Bharath
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Investing in TAX SAVING MF's
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Derivative Tax Saving | BHARTIJH | Taxation Matters | 0 | 16th July 2005 01:17 AM |
| Securities Transaction Tax & the Indian Investor | TATrader | Taxation Matters | 0 | 16th November 2004 08:15 AM |
| Securities transaction tax regime to come into effect from Oct 1 | TATrader | Current Affairs | 1 | 23rd September 2004 12:46 PM |
| Buyers to pay 0.15% turnover tax on all share transactions | Neal | General Trading & Investing Chat | 8 | 20th July 2004 10:03 AM |
| Differential tax regime woos NRI to bourses | TATrader | Taxation Matters | 0 | 16th July 2004 10:08 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
