Saturday, January 12, 2013

Investment in Tax saving Mutual Funds

This week i have invested small amount in tax saving Mutual Fund for tax saving purpose.
Three years back i have invested in Tax saving scheme and locking period of all those investment is complete. I have invested in too many schemes that time with small amount in all investments.
Details of investment in year 2010:

Fund Name Date Units Allocated Price Amount
 Kotak Taxsaver - Dividend (KM100) 21/12/2009 204.29 9.79 2000
Reliance Tax Saver Fund - Dividend (RC182) 07/01/2010 346.789 14.418 5000
SBI Magnum Tax Gain Scheme 93 - Dividend (SB023) 07/01/2010 112.587   44.4100 5000
 Birla SunLife Tax Relief 96 - Growth (BM382) 07/01/2010 454.545 11 5000
HSBC Tax Saver Equity Fund - Dividend (HS107)  07/01/2010 217.055 13.8214 3000
Religare Tax Plan - Dividend (LT011) 08/01/2010 156.128 12.81 2000
HSBC Tax Saver Equity Fund - Dividend (HS107) 27/01/2010 156.509 12.7788 2000



Reliance tax saver fund is the best performing fund among the funds which i invested. So this time also I choose it for investing. Instead of investing in too many funds, i decided to invest only in 2 funds.
After doing some study, I decided to invest in Axis Tax saver as second option.

I have invested total Rs. 11000 this year.
Details are as below:

Fund NameDateUnits AllocatedPriceAmount
Axis Long Term Equity Fund - Growth (AX012)11/01/2013266.512015.00874000
Reliance Tax Saver Fund - Dividend (RC182)11/01/2013443.184015.79487000






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