Hello Sreekanth,
Congratulations on your second year of your blogging and I consider myself as a returning visitor of your blog.Based on the awareness from your blog we have managed to invest 75,000/- in MF. (i.e. 25000 in HDFC Midcap, 25000 in Birla SL, 12,500 in Mirae Assets and 12,500 in Birla Dynamic Bonds). All these are for at least 5 years. We would like to invest 60,000 more. Hence we seek your advice on something which is on good returns but can get some tax saving for this financial year. I have read your Arbitrage Fund article but I am looking for your expertise.
1 Answers
Hi dear,
If you are looking for tax saving as one of your investment objectives, then you may consider to add one ELSS fund to your MF portfolio. You can claim these investments u/s 80c.
Read:
Best ELSS funds 2016.
Tax treatment of various Financial Investments.
Thank for the wishes.
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