International funds can help you diversify your portfolio & shield against poor performance of Indian companies, markets or the rupee
You can acquire international exposure in three ways: First, by buying funds that invest 65 per cent of their portfolios in Indian stocks and the rest globally. In this case you will enjoy the tax breaks available to domestic equity funds.Templeton India Equity Income or Birla Sun Life International Equity Fund are the funds that follow this approach.
Second, you can invest in a feeder fund playing on a region or currency that you think will deliver good returns. We are recommending US equity funds at this juncture because of the high-quality stocks available in the US market as well as dollar strength. Franklin US Equities Fund and ICICI Prudential US Bluechip Equity Fund are good options. But remember that such funds are not eligible for the tax benefits of domestic equity funds.
Third, funds playing on a theme such as energy, agriculture or commodities, such as DSP BlackRock World Energy Fund orBlackRock Agriculture Fund or L&T Global Real Assets Fund are also an option. But invest in them only if you have special knowledge about the theme.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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