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Tax saving mutual fund

Discussion in 'Mutual Funds' started by joel_lobo, Dec 26, 2015.

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  1. joel_lobo

    joel_lobo New Member

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    Hi Shabbir,

    I am plannning to invest in a tax saving mutual fund instead of PPF , Can you suggest a lower risk one please. Yes i have read ur blog on MF investment , But if you can suggest some evergreen Tax saving MF's , it would be helpful.

    Which Tax saving MF are you investing in for 2015-16 yr ??
     
    joel_lobo, Dec 26, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    All the tax saving ELSS mutual funds are equity linked and so all have moderate risks. In 2015-16 my choice has been Franklin India Tax shield.
     
    shabbir, Dec 31, 2015
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  3. joel_lobo

    joel_lobo New Member

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    thanks shabbir Bhai ,

    How about AXIS long term equity fund. I have been a PPF investor for the last 3 years, Planning to start with MF this time.

    Franklin is paying better dividend then AXIS. But AXIS has given a better return.

    Franklin has higher NAV as compared to AXIS.
     
    joel_lobo, Jan 4, 2016
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  4. shabbir

    shabbir Administrator Staff Member

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    There is no use of looking at NAV as that is just the price for getting the units and nothing much compared to share price
     
    shabbir, Jan 5, 2016
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  5. joel_lobo

    joel_lobo New Member

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    correct . so shouldn't a higher NAV fetch lesser units which in turn will give less profit after dividend ?
     
    joel_lobo, Jan 5, 2016
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  6. shabbir

    shabbir Administrator Staff Member

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    It is not only about dividend per unit. What if other fund making more profit at higher value gives more % of dividend?
     
    shabbir, Jan 6, 2016
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