ULIPS Have High Charges

Can an investment of Rs 25,000 in Birla Sun life Insurance Prime Life Policy Maximiser fund deliver good returns after 3 years?
-Aakanshaa Sharma
Birla's Prime Life is a single premium ULIP policy. It is advisable not to invest in ULIPs due to higher charges deducted by them. If you do not have an exit option, remain invested for three years and then evaluate its performance.

Is the income from ELSS fund taxable?
-Suresh Jain
ELSS funds are locked for three years. After three years there is no tax payable on the redemption amount (as per current tax norms). Further, dividend from such equity funds is tax free.

I am investing Rs 100 per month in SBI Magnum Global since last year. Should I continue to invest?
-Hitesh Patel
SBI Magnum Global is a good mid cap fund. Continue investing in it with a long term view.

Is Rs 1,000 per month in Reliance Regular Saving Fund - Equity a good investment?
-Kunala Mohapatra
Though Reliance RSF Equity has been doing well, it's mid and small cap orientation makes it riskier. If you are only investing in this fund, then well rated funds like HDFC Equity or Reliance Vision would be a better choice.

I am invensting in Birla Infrastructure Fund. I want to know about the future of this fund.
-Randheer
It is an infrastructure theme fund which was launched last year in February. It has done well till now. Since it's a relatively new fund, review its performance once in 6 months.

I invest Rs 5000 per month in Franklin India Flexi Cap. I want to invest for 10 years. Is this a good choice?
-Sumedha Basu
This fund has done quite well since its launch in Feburary 2005. Continue to investing in it, and review its performance once in 6 months

I am investing Rs. 2000 p.m. through SIP in HDFC TOP 200 for three years. Should I continue or shift to another fund.
-Raman Tawade

HDFC Top 200 is a four star rated equity fund with a good track record. Continue to invest in this fund.

I want to invest Rs 25000 in mutual funds. Please suggest best mutual fund schemes.
-Prof K.D.Girase
Invest in some well rated diversified equity funds like Sundaram Select Focus, Reliance Vision, HDFC Equity or Birla Frontline Equity.

Reliance Vision, Reliance Growth, HDFC Equity, Kotak 30, Fidelity Equity fund. I am planning SIP Rs. 5000 per month in each in these funds. Is it a good idea?
-Nand Kumar
This makes a good portfolio. You can invest in these funds.

Which is the best tax saving mutual fund now?
-Mehreen Zara Malik

Choose from some well rated tax saving funds like SBI Magnum Tax Gain, Sundaram Tax Saver, HDFC Tax Saver or Birla Sun Life Tax Relief 96.