Reliance Fixed Horizon Fund XXIX Series 3, a close ended income scheme with a tenure of 1113 days offers the twin benefit of high yielding portfolio along with tax efficiency through indexation benefit vis a vis traditional investment avenues like Bank FD or RBI Tax Free Bonds.
Positioning of Reliance Fixed Horizon Fund - XXIX - Series 3
- Benefits of locking in at the current high levels in a scenario where there is an expectation of softening of interest rates
Details about the instruments are given below to give a brief prospect of the market, as on August 20, 2015
| Instruments | 2- 3 Years |
| Debentures / Bonds | AAA | 8.10%-8.15% |
| AA | 9.00%-9.50% |
| AA- | 9.25%-10.00% |
| A+ | 10.50%-11% |
- 1113 days helps to seek indexation benefit thereby giving an edge over the traditional Bank FDs (which lack indexation benefit)
Superior Post Tax Returns & Indexation Benefits
| Taxable Income | Bank FD | 3 years FMP |
| Tax Rate | 30.9% | 20.6% |
| Pre- Tax Returns* | 9.00% | 9.00% |
| Post- Tax Returns* | 6.38% | 8.40% |
*Yields are assumed just for illustration
Scheme Features:
- NFO Closes on August 25, 2015
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 -
Invest Online
Download Application Forms
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
---------------------------------------------
Invest Mutual Funds Online
Invest Any Mutual Fund Online
Download Mutual Fund Application Forms from all AMCs
Posts
0 comments:
Post a Comment