Costs associated with investing in mutual funds
The fund value is calculated as per the Net Asset Value (NAV), which is the net of expenses on every unit of the fund. This is calculated after every business day by the AMC.
AMCs will charge you an annual fee, which covers their salaries, brokerage, advertising and administrative expenses. As a thumb rule, the larger the fund size, the less will be the annual fee.
AMCs may also charge loads, which are basically sales charges incurred by the company in the form of distribution costs.
If you are unfamiliar with associated charges, you might get into a position where the profits from your investment are reduced considerably due to overhead expenses. So, it's a good habit to read the fine print for details on expenses and fees related to a mutual fund.
Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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