As we travelling in March 2011 its time to plan for this year. Inflation is going up and cost of FMCG is touching the sky. We need to keep an eye on our money.One of the main thing to consider is our investment.
Here is some of the mutual funds which gives you good yield after few years as well you can cover Income Tax. You can invest minimum of Rs. 500/1000 in anyone of the below schemes which will give you good returns.
Mutual fund investments are for long term. In the initial stage you might get a small % of return after three or more years it will be a regular income of 5-10% every year out of your investment amount.
Tax Saving Funds U/S 80C:
- Canara Robeco Equity Tax Saver
- Sahara Tax Gain
- Fidelity Tax Advantage Fund
- ICICI Prudential Tax Plan
- Reliance Tax Saver (ELSS) fund
- IDFC Tax Advantage (ELSS) fund
- HDFC Tax Saver
- Franklin India Taxshield
- Sundaram Tax Saver
- Birla Sun Life Tax Saver
- DSP Black Rock Tax Saver Fund
- HSBC Tax Saver Equity Fund
- Kotak Tax Saver
Wealth Creation funds:
- Sahara Growth Fund
- Fidelity Equity fund
- Franklin India Prima Fund
- HDFC Long Term Advantage Fund
- Reliance Banking Fund
- Reliance Pharma Fund
- Reliance Equity Opportunities Fund
- Reliance Growth Fund
- Reliance Vision Fund
- HDFC Top 200 Fund
- Kotak 50 Equity Scheme
- Birla Sun Life Midcap fund
- Birla Sun Life Advantage Fund.
