Comments on: 80C Tax Saving Mutual Funds

By: Shabbir Bhimani

Shabbir Bhimani — Wed, 18 Jan 2012 09:00:26 +0000

Never, You should never invest if you have a loan. Yes ELSS is fine but not any other kind of resource and focus on getting the loan off your shoulder.

See the following articles

http://shabbir.in/factors-to-consider-before-investing/
http://shabbir.in/stay-invested-or-pay-back-home-loan/

By: Ashok

Ashok — Wed, 18 Jan 2012 07:05:27 +0000

Hi Shabbir,

I invested in HDFC Tax saver and SBI Magnum TaxGain(SIP basis) in 2010 and now am continuing only Tax saver scheme.Now I’m planning to take a home loan in the latter half of this year and want your suggestions whether to continue with the mutual funds and also various options to invest in like Infra Bonds/LIC policy besides taking the home loan.
Thanks in advance..

By: Shabbir Bhimani

Shabbir Bhimani — Mon, 16 Jan 2012 05:48:18 +0000

What kind of help do you need? You have the investment in the fund and you have your units. When you want to redeem, just submit the form and rest is all online where you can track the performance.

By: Shuva

Shuva — Mon, 16 Jan 2012 05:44:54 +0000

Dear Shabbir,

Will you kindly let me know the steps I have to do after completing the 2years investment of Rs. 2000/m at SBI Magnum Tax gain under 80c. I have stopped it after completing the term period of two years on Oct 2011. And now not getting enough support from SBI, particular branch,regarding that. It will be of great help if you can suggest what next ??

By: Shabbir Bhimani

Shabbir Bhimani — Tue, 11 Oct 2011 09:18:28 +0000

Not sure about it and see ValueResearchOnline.com to see list of all funds and their investment profile.

By: Latheef

Latheef — Tue, 11 Oct 2011 07:36:19 +0000

Any Pharma Mutual funds available under section 80C ?
Please suggest

By: Shabbir Bhimani

Shabbir Bhimani — Tue, 11 Oct 2011 04:54:00 +0000

See http://shabbir.in/best-tax-saving-funds/

By: Vishal Dawar

Vishal Dawar — Tue, 11 Oct 2011 04:38:58 +0000

Hi Shabbir,

Please help me to choose a Balanced tax saver fund and i can invest 12 K a year and my time horizon is min 10 yrs.

By: AJAY

AJAY — Tue, 04 Oct 2011 04:43:42 +0000

Somebody needs to write to the Finance/Taxation Ministry ,pointing out little gain and logic for the Govt. to do away with ELSS.Alternatively ; a similar new product could be introduced.

It would help the small investor’s participation in equity; without undue exposure and save tax also.

ajay

By: Shabbir Bhimani

Shabbir Bhimani — Tue, 04 Oct 2011 02:54:54 +0000

Ambrish, If you know how to take that advantage, you can.

By: Ambrish

Ambrish — Tue, 04 Oct 2011 00:15:49 +0000

Sir,
Can I take advantage of the price difference of stocks in the two exchanges BSE / NSE to make quick profits on same day without any timelag.

By: Shabbir Bhimani

Shabbir Bhimani — Mon, 03 Oct 2011 11:18:28 +0000

No Ajay, as of now there is no alternative to ELSS.

By: AJAY

AJAY — Mon, 03 Oct 2011 10:35:20 +0000

Suggest you mention three years return; because ELSS is close ended, and is a commitment for three years.

With the arrival of DTC; and the phasing out of ELSS; what alternatives would you suggest? Is the Govt. introducing something in the place of ELSS?

ajay

By: venkat

venkat — Wed, 16 Feb 2011 10:59:20 +0000

For Tax Saving Mutual Fund Investments advice and processing, please call 9241545354 (for bangalore only)

By: Munish

Munish — Tue, 04 Jan 2011 12:04:16 +0000

Dear Shabbir,

I am planning to invest in this funds to save my tax and get good returns. Advice me are these beneficial for me in the next three year.

HDFC Tax Save (G)
ICICI Pru Tax plan (G)
Reliance Tax Saver (ELSS) Fund (G)
Canara Rebecco Equity Tax Saver(G)

Regards,
Munish