Suitability in the Current Environment - The short term volatility would continue in the market going forward. Some of the reasons which can be attributed to the same are mentioned below. ICICI Prudential Balanced Advantage Fund is an apt product in the current environment.
- Uncertainty around Monsoon
- Weak Corporate Earnings
- Political headwinds faced by the Government
- Oil Price Fluctuations
- Uncertainty on timing of US Federal Reserve's decision on interest rate hike
This Fund introduced a monthly dividend feature in the fund from April 2013 and declared the first monthly dividend on May 31, 2013.
An Investment of Rs. 10 Lacs in the fund has yielded a Tax Free dividend of Rs. 1.63 Lacs and the Current Valuation of Rs. 13.68 Lacs. (Past performance may or may not be sustained in future)
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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