As the name suggests clearly, this fund is from the house of HDFC Mutual Fund.  Just like any other ELSS funds in India, this fund too has the regular 3-year lock-in period.  And you can save up to Rs. 1 Lakh under section 80 C.  This fund is live online since December 18, 1995 and hence one of the oldest fund in this category.  This is also the fund which has received 4 stars from Value Research and hence considered to be a good tax saver fund to invest in, according to them, although just like any other mutual funds, it is not a guarantee that it will perform in the same manner in the future and hence with the returns as well.

Investment Objective:  For this, HDFC Tax Saver Fund is to achieve long term growth of your capital by investing in equity and equity related markets.

Asset Allocation:  80% in equities and 20% in debt.

Options:  HDFC Tax Saver Fund Growth, HDFC Tax Saver Fund Dividend (Payout and reinvestment).

Lock-in Period:  Three years, the same as any other ELSS Fund in India.

Entry and Exit Load:  Nil even for the dividend reinvestment option.

Minimum Investment:  Rs. 500 and in multiples of Rs. 500 thereafter.

The latest and current NAV of HDFC Tax Saver Growth is Rs. 204.214 as on March 19, 2010 and for the dividend option is Rs. 57.371.

It has a risk grade of below average and return grade of above average percentage, according to Value Research.  Thus if you are able to take up some risks and able to absorb in such cases you can invest in this HDFC TaxSaver (either in growth or dividend option) in order to save tax as well as to get gain maximum returns (thus maximum risks) then this fund is an ideal choice for you, as HDFC MF always have a history of great performing funds in its kitty and this Tax Saver Fund is one among them.

Related Posts:

• Religare Tax Plan from Religare MF
• SBI Magnum Tax Gain Review
• Fidelity Tax Advantage Fund

General Info:

The fund manager for this fund is Mr. Vetri Subramaniam.  This, Religare Tax Plan, fund was launched on December 29, 2006.  The main objective of this fund is to generate capital growth in long term by way of diversified investment on equity as well as the equity related securities.  Its one year return calculated for the day today is 108.62%.  While for the 3 year period it is said to be 13.4% (it is calculated from since the launch of this fund December 29, 2006).  For the month ending January 2010, Religare Tax Plan has been awarded with 5 stars by Value Research.

Category: Equity – ELSS.

Allocation: Just like any other equity based ELSS schemes, 80% in equities and balance in debt instruments.

Options Available: Growth and Dividend payout as well as Dividend reinvestment.

Entry and Exit Load: Nil.

Lock-in Period: Minimum of 3 years.

The minimum investment for Religare Tax Plan is Rs. 500 and in multiples and one can even choose the option of SIP to save tax the easier way.

The current NAV for Religare Tax Plan Growth is Rs. 15.34 (March 4, 2010) while for the Dividend option it is Rs. 12.7.

If you are looking for an alternative option to save tax this financial year 2009-2010, and can digest some risk then Religare Tax Plan can prove to be an excellent option with long term benefits and yet short term investment when compared with any other tax saving instruments available in India.

Related Posts:

• HDFC Tax Saver Fund Review
• SBI Magnum Tax Gain Review
• Fidelity Tax Advantage Fund

Just like any other tax saver mutual fund (ELSS Fund) this SBI Magnum Tax Gain too has a lock-in period of 3 years.  You would be able to withdraw funds only after 3 years and not be able to at all before that.  You can thus be able to save tax under section 80CC.  You can get tax benefits of up to Rs. 1 lakh on such tax saver mutual fund.  One can even choose the option of SIP (Systematic Investment Plan) option to invest in this Magnum Taxgain as well.  This fund was launched on March 31, 1993 and is said to be one of the oldest fund in this category in India.

Asset Allocation: The allocation of assets is 80% on equities, bonds, PCD, and FCDs while 20% is for the money market instruments.

Options Available: One can invest in growth option as well as dividend payout or dividend reinvestment option while investing in SBI Mutual Fund Tax Gain scheme 1993.

Lock-in Period: 3 years.

Entry and Exit Load: Nil.

Investment Details: The minimum investment for SBI Magnum Tax Gain is Rs. 500 and in the multiples of 500 afterwards.  Similarly under SIP the minimum monthly investment is Rs. 500 and so on.  You can even give advance instructions to the registrar the option of withdrawing a certain amount every month (a minimum is Rs. 500) and that too after the 3 years lock-in period.

Current NAV: Magnum Tax Gain Scheme Growth is Rs. 54.92.  Magnum Tax Gain Scheme Dividend is Rs. 41.3.

SBI Mutual Fund has recently announced 40% dividend for this fund effective March 5, 2010.  That the dividend would be Rs. 4 per unit on the total face value of Rs. 10.

Overall this tax saver mutual fund from SBI can indeed be a worthy investment option in case you are planning to do away with your taxes and don’t mind taking risks for bigger returns later.  Although it is said that the past performance is as always a no guarantee for the future results as is the case of any mutual fund that you invest in.  Also as always investing in SIP is one of the safest and better approach when it comes to investing in mutual funds.

Related Posts:

• HDFC Tax Saver Fund Review
• Religare Tax Plan from Religare MF
• Fidelity Tax Advantage Fund

With DSP Blackrock Tax saver fund you can save tax under section 80CC as it is an ELSS fund and hence you will need to put in your investment for 3 years at least as the minimum lock-in period which is applicable in any ELSS Mutual Fund available in India.  Thus you get more exposure to both the rising and falling market.

• Allocation: The asset allocation is 80% equity and 20% debt.

• Options Available: It comes with both growth and dividend payout or reinvestment option.

• Lock-in Period: Minimum 3 years.

• Entry and Exit Load: Nil

You can buy a minimum purchase worth Rs. 500 and in multiples of Re. 1 thereafter.  If you want to buy it via SIP, the minimum option is Rs. 1000.  You can only repurchase DSP Blackrock Tax Saver Fund only after the completion of the existing three-year lock-in period of your existing fund.

The latest NAV as of January 15, 2010, for DSP Blackrock Tax Saver Fund is as follows:

Growth: 15.596,

Dividend: 11.613

Since inception DSP BR Tax Saver fund has offered 84.22% returns and 14.67% for the last one year which goes to prove that this is an effective fund with good fun manager in the backseat.

If you are looking for an alternative option to invest other than the regular tax saving options offered by post offices and banks and don’t mind taking risks in terms of your investment then this Tax Saver Fund can come in handy

Related Posts:

• No Related Posts