HDFC India Tax Saver Fund (Top Performing MF)

Current NAV: 223


HDFC India Tax Saver is an open-end equity linked savings scheme registered in India. The Fund seeks to achieve long-term capital appreciation by investing primarily in equity and equity related instruments. The Fund may also invest up to 20% of its assets in debt, money market instruments, cash and cash equivalents.

HDFC India Tax Saver ranks 1st in top performing fund in the last 3 years with returns of 406% in 3 years.

Hope this is best fund for tax saver. How much % of tax will be accepted if we opt for this fund?

Originally Posted by mani.buzzingstocks

Current NAV: 223


HDFC India Tax Saver is an open-end equity linked savings scheme registered in India. The Fund seeks to achieve long-term capital appreciation by investing primarily in equity and equity related instruments. The Fund may also invest up to 20% of its assets in debt, money market instruments, cash and cash equivalents.

HDFC India Tax Saver ranks 1st in top performing fund in the last 3 years with returns of 406% in 3 years.

Originally Posted by subamsen

Hope this is best fund for tax saver. How much % of tax will be accepted if we opt for this fund?

All Tax Saver Mutual Funds have a lock in period of 3 years (Meaning you can sell only after 3 years). And i think the max limit is 1 Lakh in investments for tax exemption which includes PF also. Also check "Prudential ICICI Tax Plan" . Diversify your investments in 2 or 3 of the top funds.

Cheers!

Thanks Mr. Mani, Can u pls advise me the Best mutual funds of Growth category to invest in the present scenario, as iam new to this field.

Originally Posted by subamsen

Thanks Mr. Mani, Can u pls advise me the Best mutual funds of Growth category to invest in the present scenario, as iam new to this field.

You can diversify and split your investments in 3 top performing MF

• Prudential ICICI Tax Plan
• Tata Balanced Fund
• HDFC India Tax Saver Fund

Mani,

Can you please suggest some more investment planning for Year 2012 .. Should be investing in 3 years to 5 years..

Also i am not looking for any tax exemptions... Pure investment..