Best Tax Saving Fund

Which tax saver fund is now best to invest? Please guide.
Tapse raghunath rao
Choose from well rated five star funds like Magnum Tax Gain, Sundaram Tax Saver, HDFC Tax Saver or Birla Sun Life Tax Relief 96. These funds have been performing well.
At this stage, which fund can give good returns in short term.
Amit
Do not invest in equity mutual funds for a short term. For short term opt for some well rated short term debt funds like Reliance Short Term or TATA Short Term Bond.
Is it beter to invest in NFO or existing mutul funds. Which would you advice.
Dr Krunal
It is always better to invest in existing mutual funds which have a good track record and are well rated. New mutual fund schemes do not have any performance history and hence it is tough to evaluate them. Investing in experienced funds is a better strategy.
I am a new investor & am not aware of any market strategies. Please advise which fund to invest for long term and short term.
If you are a new investor, it is advisable you invest in market via the mutual funds route. Start investing via SIP in some of well rated funds like Sundaram Select Focus, HDFC Equity, Reliance Vision, or HDFC Top 200. For short term you should opt for debt funds like Kotak Flexi Debt or ABN Amro Flexi Debt.

I invested in Birla Sun Life Equity fund and Reliance Diversified Power fund in August 2007. Should I hold or withdraw? Please suggest.
Prashant

Birla Sunlife Equity is a four star rated diversified equity fund which has a good track record. Remain invested in the fund with a long term view.

Reliance Diversified Power is a sectoral fund which has done really well in 2007. Make sure you keep a close watch on its performance as it's a riskier pick.

I want to start mutual fund sip of Rs 10000. Is this time right?

It is always the right time to invest in mutual funds if you are investing via SIP. You can divide this amount in 2-3 well rated funds and start investing via SIP with a long term view.

What is future of SBI Magnum Multicap fund?
Magnum Multi Cap is a relatively new fund and has been an average performer till now. It would be better if you invest in some other diversified funds like Reliance Vision or HDFC Equity.

Advice for Kotak Bond Fund & Kotak Opportunities Fund. Both are five star rated funds. Kotak Bond Fund is a debt fund whereas Kotak Opportunities Fund is an equity diversified fund. Both funds have a good performance history and you can invest in these funds.

I have Rs 1 lakh which I want to invest for a period of eight years. Please suggest.
Devendra
Invest in well diversified equity funds like Sundaram Select Focus, Reliance Vision, HDFC Equity or Birla Frontline Equity. Make sure you invest via the SIP route or spread your investment over time.

I have heard that if I invest Rs 50,000 in Market Plus then I will get Rs 1 crore after 30 years. Is it possible?
Market Plus is a ULIP. If you are expecting Rs 1 crore from Rs 50000 invested for 30 years, you are expecting an annual return of around 20 per cent. Though this is achievable, the high charges associated with a ULIP can hamper the growth.