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Q.

I REQUEST TO SUGGEST ME MUTUAL FUNDS AND SCHEMES FOR TAX PLANNING AND SAVINGS.I AM HOLDING SUNDARAM SELECT MID CAP APPRECIATION UNITS FOR Rs11000/APPROX. WOUD U SUGGEST TO STAY ON OR TO SWITH/SELL OFF

Tags: mutual funds, i am, sundaram
Asked by venigalla srinivasarao, 07 Mar '07 04:42 pm
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Answers (4)

1.

If more than 1 yr is over for ur invst in sundaram midcap then it makes sense to switch to sundaram tax saver fund. this way u will not have to pay tax on ur returns. sundaram midcap is doing well so suggest to hold on. SBI tax gain is a good scheme, but as the fund size has grown large am not sure if the performance will be maintained. Suggest JM Taxsaver (new fund) which will be managed by Sandip Sabharwal (who was previously the fund manager of SBI Tax gain, and he turned around the fund).

happy investing
V.Sridhar.
vetapalems@rediffmail.com
Answered by sridhar veta, 08 Mar '07 11:45 am

 
  
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2.

I am also in the same boat . i have also similar type of Q .pl. note it is not doing well for the last 9 months. previously it was performing good and now a laggard.its fund manager is also changed. if u switch ovet then u may go to capex of the company.
Answered by tripti mondal, 05 Sep '07 12:48 pm

 
  
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3.

Hello.My advice for your long term investment would be these fund schemes.These funds are Equity linked and have delivered good returns when the market has gone up and sustained the bad periods of the market since its inception.Hence they are the proved ones.They are tax free for upto 1Lac rupees invested in them.Equity linked Mutual Fund earnings are Profit (or) Loss earnings and not interests (or) fixed income earnings as in case of Balanced (or) Debt Funds.Try to invest in 3-5 schemes if you can to diversify your portfolio.They are 1)SBI Magnum Global-G(Blue Chip),2)SBI Magnum Contra-G(Midcap),3)Franklin India Prima Plus-G(BlueChip),4)Sundaram Select Midcap-G(Midcap),5)Reliance Vision-G(Midcap),6)HDFC TOP 200(BlueChip),7)HDFC Tax Saver,8)SBI Magnum Multiplier Plus-G(BlueChip),9)SBI Magnum Taxgain-G,10)HDFC Equity-G(LargeCap)
You may invest in any of these funds for your long term plan(above 5 years atleast) and you will surely get good returns.Remember invest 60% of your investment ...more
Answered by Abdul Rehman, 12 Mar '07 12:55 pm

 
  
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4.

Stay for sundaram & for tax planninig go for SBI TAX GAIN. For any further info contact me at durgesh_chawla@rediffmail.com
Answered by durgesh chawla, 07 Mar '07 11:53 pm

 
  
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