The NFO is open for subscription and shall close on Feb 19. The Fund offers choice of 3 plans each suited for life's different stages and risk profiles.
1. Equity Plan - investments predominantly (80%-100%) in equity and equity related instruments.
2. Hybrid Equity Plan - investment predominantly in equity and equity related instruments (60%-80%) and balance (20%-40%) in debt and money market instruments.
3. Hybrid Debt Plan - investment predominantly in debt and money market instruments (70%-95%) and balance (5%-30%) in equity and equity related instruments.
You can consider investing in the NFO - lump sum or SIP and take a step in the right direction. Although, the investment qualifies for tax concession u/s 80C of the Income Tax Act 1961, would suggest you to consider it as an investment product with tax benefit given the ultimate objective of providing for your retirement.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
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7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
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10. Birla Sun Life Tax Plan
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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