Friday, November 25, 2011

Why tax saving mutual funds?Why tax saving mutual funds?

Why tax saving mutual funds?

  • Get upto Rs.1,00,000 exempted from tax under section 80c.
  • Lowest lock-in period - just 3 years - of all tax saving investments.
  • 100% equity market exposure - best return potential of all investment classes
  • Easy and free - no demat account required, no entry load, no transaction fees to invest
So, tax saving mutual funds are easy to invest in, offer the best return potential, and has the lowest lock-in period of all tax saving investments!
For example, if you had invested Rs. 20,000 in HDFC Tax Saver fund (one of our current recommended funds) in the year 2008, not only would you have saved upto Rs. 6000 in taxes in the same year, your investments would have grown to Rs. 30,592 now (*as of September 22, 2011) - an annual return of 15.22%! . What's more, the profit of Rs. 10,592 would be tax free as well!

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