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| | The Pune Entrepreneurs Network Network is not currently active and cannot accept new posts | | Top 3 Mutual funds for tax saving for year 07 - 08 | Views: 367 | | Dec 24, 2007 2:48 pm | | Top 3 Mutual funds for tax saving for year 07 - 08 | # |
Rajkumar lodha | |
Dear all,
with the arrival new year lets think of Tax Saving, Here I am posting top 3 Mutual funds for tax saving schemes with details.
Hope this information will help you all.
The deduction in tax is as per sec. 80C.
Here is the list top 3 MF which can help you for tax saving.
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1..Principle Tax saving Fund
Min. Investment: 500Rs.; SIP: NO; Entry load:2.25%;Exit load:0%
returns:(76% 1 year), (57.17% 5 years); Major portfolio is in services industry, metal & infra.
Expenses: 2.5%
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2..SBI magnum tax gain scheme 93 - Growth:
Min. Investment: 500Rs., SIP: NO, Entry laod: 2.25%; Exit load: 0%
Returns:(55% 1 year), (72%, 5 year);
Major portfolio in O&G, financial sector, infra, metals
Expenses: 1.89%
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3..Reliance Tax saver fund - Growth
Min. Investment: 500Rs,SIP: yes; Entry load:2.25%; Exit load: 0%
Returns: 39.4% ; Major portfolio is in Infrastructure stocks & 97% amount is invested.
Expenses: 1.89%
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THanks,
Take care.
Rajkumar Lodha.
Private Reply to Rajkumar lodha | | |
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