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Thursday, December 10, 2015

HDFC Tax Saver Fund Review

 

HDFC Tax Saver Fund - Invest Online

 

HDFC Tax saver (ELSS) is supervised by Vinay Kulkarni and Rakesh Vyas. The fund has been constantly topped the charts excluding in 2007 year when it didn't performed well its benchmark. HDFC Tax Saver Fund is good fund to keep for long term purposes including tax savings.

HDFC Tax Saver Fund Review

HDFC Tax Saver Fund ReviewWhere HDFC Tax Saver (ELSS) invest the fund?

HDFC Tax Saver (ELSS) is a large and mid cap fund that invests most of your money in stocks of large and medium sized companies. According to record, about 23.44% of the fund's money is assigned to stocks of mid-size companies, 63.51% to stocks of large size companies and near to 9.53% to those of small companies. The mid-size stocks give you great returns as they turn into large stocks. However, it happens not so often.

Suitable for:

  • Your Child's Education
  • Your Child's Marriage
  • If you are planning for retirement
  • If you are going to purchase new house

Not Suitable for:

  • If you want to create wealth
  • If you want to accomplish your lifestyle requirements
  • If You have short term requirements

How much to invest?

In HDFC Tax Saver Fund, the minimum one time investment is Rs 5000 and minimum SIP (systematic investment plan) is Rs 500 per month. You can make HDFC Tax Saver as part of your Core Portfolio. What do you mean by core portfolio? Well, it is investments that are made for your basic aims and makes up about 70% of your investment portfolio. Never invest in multiple mutual fund schemes. Moreover, at any time don't have more than two mutual fund schemes in your core portfolio.

 

HDFC Tax Saver Fund performance in past:

The fund was launched in the year 1995 in December. If you had invested Rs 1 lakh when it was launched then your value of investments would be around Rs 23.41 Lakhs. Moreover, if you had invested Rs 1 Lakh for 5 years, you value of investments would be around Rs 1.45 Lakhs. The performance of HDFC Tax Saver Fund has been better than the average of all mutual funds in this category. This fund has been providing 8% returns for the investors who have invested for past 5 years.

Charges applied:

In HDFC Tax Saver Fund, a onetime fee of Rs 100 is taken on investments over Rs 10000 made through distributors. If you are going to invest in mutual fund for first time then an additional Rs 50 is charged to cover KYC costs. It is deducted from your investment and it can also be skipped if you purchase directly from the mutual fund online or offices.

When to exit?

There is lock-in period of 3 years in HDFC Tax Saver Fund. You can't sell these funds within 3 years of your purchase date. You should withdraw when your aims are closer to achievement. In addition, don't take your money when market goes up or down.

Tax Implications:

The returns in Mutual Fund are totally tax free; given you don't withdraw within 1 year. This fund qualifies for section 80C (Tax Benefit) ELSS advantages. So you can invest up to Rs 1.5 Lakh a year!

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

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