Invest In Tax Saving Mutual Funds Online
Call 0 94 8300 8300 (India)
From March 1, the domestic arm of HSBC Global Asset Management would scrap exit load, a fee on premature exits by unit holders, on all its funds, said a release.
The move, rare for any entity in the 43- member Indian MF sector, might be aimed at boosting flows into its schemes. However, it has faced criticism within the sector, as rivals feel it would encourage smaller MFs to follow.
Some also feel it would encourage trading in equity schemes, rather than in long- term investments.
In a release today, HSBC claimed it was the first asset management company to do away with exit loads from all its schemes.
The removal of exit loads makes the products more attractive to the investor, as one doesn't have to contend with the prospect of being charged a penalty for early withdrawals, owing to a genuine requirement one may have said in the release
As of December 31, HSBC managed assets worth ₹ 5,350 crore; the MF sector's assets under management were ₹ 7,86,543.6 crore.
Currently, MFs charge about one per cent exit load on equity schemes to discourage redemptions. In 2009, the Securities and Exchange Board of India (Sebi) had barred MFs from charging entry load, a fee funds charge investors to pay distributors.
Some in the sector believe the strategy wouldn't work, as distributors usually didn't sell schemes without ' upfront fees'. would attract short- term flows into the fund house's schemes. There is nothing wrong with it. Every fund is trying to find its space in the industry.
Officials at rival MFs said while large MFs wouldn't adopt the 'zero exit load' strategy, smaller ones, with negligible equity assets, might be tempted to do so.
This is against the government's and Sebi's vision to make equity a long- term product.
Investors with a short- term outlook for the market can move in and out rapidly. The impact of this on existing investors also needs to be seen.
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax PlanInvest Online
- HDFC TaxSaverInvest Online
- DSP BlackRock Tax Saver FundInvest Online
- Reliance Tax Saver (ELSS) FundInvest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) FundInvest Online
- SBI Magnum Tax Gain Scheme 1993Invest Online
- Sundaram Tax SaverInvest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFundsInvest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
Posts
No comments:
Post a Comment