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Q.

I am interested in Investing in the mutual fund. Which mutual fund i can invest so that i can get tax rebate? Whether i need DMAT account to invest in the mutual fund?

About: Mutual Fund: Reliance Media & Entertainment Fund Growth Plan

Asked by Bala Subramanian, 08 Aug '07 09:39 am
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Answers (8)

1.

no u dont need demat account to invest in mf, if u invest in equity linked saving scheme (elss)u get tax benefit under section 80c upto 1 lac of rupees,the best elss available in the market are sbi magnum tax gain, birla tax saver, principal tax saver
Answered by vivek singh, 08 Aug '07 09:45 am

 
  
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2.

SBI-Tax advantage fund series I with no entry load, go for it
Answered by Santosh Neela, 17 Feb '08 02:33 pm

 
  
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3.

To get tax rebate invest in a ELSS based Mutual Fund and you do not need a demat account to buy Mutual Funds
Answered by EmM, 15 Sep '07 01:21 pm

 
  
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4.

you dont need Dmat account for MF. but you need PAN.
Elss funds are tax exempted.
the Mf you mentioned is not tax exempted MF. TRY SBI magnum tax gain, Birla tax saver,
ULIPS are also to be considered. All Ulips are tax exempted. both premium and returns in ULIPS are tax exempted. Ulips are nothing but MF . in addtion to returns they provide good life coverage. if you are not fully life covered ULIPS are the 1st choice.only thing is many ULIPS are having hidden allocation charges UP to 70%. take only the ULIP having low allocation charge. so that your hard earned money will not drained in that. I can provide u the comparision chart regarding alloaction charges of various ULIPS if you are iuntrested in it.
firmindevaraj@yahoo.co.in
Answered by firmina, 08 Aug '07 07:31 pm

 
  
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5.

For one it is very difficult to answer this question as there are different types of mutual funds. Depending upon your risk profile you need to choose one. In case you require a tax rebate, you have to choose a ELSS which has a lock in period of 3 years. As regards DMAT, in case you are investing only in MFs, then you do not require a DMAT but you do need PAN.
Answered by Mohan Rao, 08 Aug '07 09:48 am

 
  
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6.

I have uti92 mutual fund. How to prossable sale it. Plese solv it
Answered by Partha Das, 01 Dec '07 01:10 pm

 
  
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7.

One need not to require DMAT account for investing in mutual fund, as stocks directly purchased by AMC(respective co). For tax saving purpose ELSS scheme are nice.
SBI Magnum tax gain,
Principal Tax Savings Find
Birla Sun life tax Relief Tax Relief Fund
Fidelity Tax Advantage are consider as a nice funds.
But you can't widrawl youe money before 3 years as ELSS fund have a lock in of 3 years..
You should invest in ELSS scheme as per your risk appetite and your Financial Goal.
Answered by Kunal Chudasama, 11 Aug '07 01:43 pm

 
  
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8.

In mutual funds there is always a risk depending on the market.but there is a ULIP Amsure in which the risk can be reduced/increased according to our capacity.Amsure ULIP is far far better than any other mutual fund and doing excellent for the past few years.It is the best investment I have seen.Apart from the investment benefit,it also gives u an insurance coverage and a maturity gurantee.Message me for more info if u r interested.There is no hidden charges as in the case of other insurance policies.all costs are transparent here
Answered by sangeetha perumal, 08 Aug '07 03:27 pm

 
  
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