Invest in tax saving for this yr around 50-60k
I'm looking for DSP, FT, & axis.
I see the previous year returns is bad.
What's the difference going to growth or dividend fund which 1 perform better & shall I go.
Suggest if any other funds & how to divide funds as per performance in future!!
3 Answers
Hi,
1 year is a very short span to measure the performance of these funds, they have been faring consistently well for many years.
May I know your investment objective and time-frame?
Yes, lock period of 3yr. my investment purpose is for tax saving.
not for a 1 yr.
Hi,
1 year, I was referring to the said Schemes' last one year performances..
You may consider opting for Franklin Tax shield and remain invested for long-term.
Invest in tax saving for this yr around 50-60k & ’m looking for DSP, FT, & axis.
What’s the difference going to growth or dividend fund which 1 perform better & shall I go.
Suggest if any other funds & how to divide funds as per performance in future!!
Hi,
The future returns from mutual funds are not guaranteed and cant be predicted.
We can only pick decent funds based on their past track record, with an expectation that past performance can be repeated or exceeded.
If your investment horizon is long-term, opt for Growth.
The growth option simply implies that the profits you make stay reinvested. In other words, the profits, along with your capital, are invested in stocks/debt to earn you more money.
Dividend payout implies that a part of such profits (an amount that the fund decides to give out) is stripped from your NAV and given to you. That means, a part of the fund’s profits are given in cash. Hence, your NAV falls to the extent of dividends. This is why the NAV of growth and dividend option are not the same.
Thanks
Please login or Register to submit your answer