An Investment Services Account (ISA) linked to your bank allows you to buy and sell mutual funds units. The bank charges a fee for the services.
In September 2012, Sebi came out with several reforms in Mutual Funds and launching direct plans was one of them. All AMCs have launched Direct plans which allow investors to invest directly with the AMC without paying the distributor commission. Their existing plans became regular plans, where an investor can invest through an advisor or a distributor. AMCs pay some fee to agents/distributors for their services. Investors can avoid paying this money if they invest directly and it will translate into more returns every year. The difference in returns is expected to range between 0.50 and 0.75 percent. This will make a big difference to the overall returns over a long period.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. IDFC Tax Advantage (ELSS) Fund
4. ICICI Prudential Long Term Equity Fund
5. Religare Tax Plan
6. Franklin India TaxShield
7. DSP BlackRock Tax Saver Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
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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