Does any of the following mutual funds offer tax benefit?
- ICICI bluechip equity focused
- HDFC balanced fund
- ICICI prudential regular income fund
2 Answers
Hi,
No, none of these funds are tax saving ELSS funds.
Kindly read:
http://www.relakhs.com/top-6-best-elss-tax-saving-mutual-funds-invest-2016/
Hi,
(Based on your PRIVATE reply...)
Yes, can be too early to expect great returns...
If you believe that you have invested in right Equity funds for your long term goals, kindly ignore short term volatility or negative returns .
One should be prepared to see negative returns if invested in equity funds. Over the longer period, there is higher probability to get decent returns, but one has to monitor the Portfolio performance atleast once in an year.
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