Tax Planning

Name: SharwanRotak
Place: Haryana

919416210414
Plz Tell two good tax saving fund……..

Consider any from the below list
SBI – Taxgain,  Sundaram Tax saver, HDFC Tax saver, Canara – Tax saver, ICICI Tax Plan, Franklin Tax shield, Principal Tax Saver, BSL Tax Relief

Please suggest good tax saving funds for investment of 10-12 years.

1. From general recommendation list above
2. Consider dividend payout option – so that profits are paid out to you regularly
3. Make sure you are invested for atleast 5-8 years – then you can be sure of profits.

Principal personal tax saver fund is still giving negative return. what to do?

1. Have you got dividends paid out? If yes then add that to the market value
2. If you are still negative it means you invested when the markets were at an high – but nothing to worry
3. Hold for another 4-5 years and you will see profits.
4. MF investments are not for small periods – stay invested for many years and you will surely be rewarded

I have been investing in Rs 3,000 per month in Franlin Tax for 3 years. Should I continue?

1. IF this is for tax savings then perfect
2. Else it’s a bad idea – each instalment is locked for 3 years – if you are comfortable with this then continue
3. Else stop and invest in an open ended diversified fund.

Mutual Funds – ELSS

1. If you want to create wealth then ELSS
2. If you want no risk than PP