Which Fund is Better?
CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
10 October 2008
Can any one help me out with details on "SBI Magnum Tax saver and HDFC Tax saver" Fund.
8 Replies
Nilay
(asdsa)
(48 Points)
Replied 10 October 2008
You may check on moneycontrol.com.
Currently SBI Magnum & HDFC both are underperformers.Principal personal tax saver seems to be a better bet.
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 10 October 2008
Thanks Nilay for prompt response.
The Fund you are suggesting me is a "Divident Payout" fund and in current market scenario i dont feel that they will declare any divident. even though their Dividend payout is impressive like in Mar'08- 400%.
Further If we look at sector weighting than Finacnial Services have aroung 18% weight in their portfolio.
For 3rd Quarter they produce -ve return of 8.45%.
Please clearify???
NIRU TULSYAN
(chartered accountant)
(46 Points)
Replied 10 October 2008
Mr. Somani ,
if we compare the ELSS funds , almost all have underperformed in the last 1 yr (obviously in view of the bear market).However , when we invest in ELSS we do it with for a long term horizon with a lockin. So we can expect that some of the ELSS funds belonging to good fund houses will give good returns over along period. One such scheme , i think surely , is SBI magnum tax saver which has given a return of 26.9% over 3 yrs .
NIRU TULSYAN
(chartered accountant)
(46 Points)
Replied 10 October 2008
u can also check sundaram tax saver fund......if it is open for subscripttion now
myinvestorsplace
(Internet marketing)
(22 Points)
Replied 14 October 2008
HDFC Mutual Fund is a Mutual Fund registered with the Securities & Exchange Board of India and hence the entire income of the Mutual Fund will be exempt from income-tax.
MyInvestorsPlace - trading, value, investing, forex, stock, market, technical, analysis, systems
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 03 June 2014
Best Performing Mutual Fund - A Frequently Asked Question
During my TV interviews, in each and every show, either the anchor or one of the callers will ask this question. Which is the Best Performing Mutual Fund now? There is not a single show in which the question about Best Performing Mutual Fund is not asked.
https://www.holisticinvestment.in/best-performing-mutual-fund
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
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