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Ask Mint | On Investments

Ask Mint | On Investments
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First Published: Mon, Jul 14 2008. 12 11 AM IST
Updated: Mon, Jul 14 2008. 12 11 AM IST
I invested Rs15,000 in SBI Magnum Taxgain Growth. What’s your view on the fund?
Also, I plan to invest in other top funds for tax saving with a long-term view. What are the good mutual fund schemes offered by UTI, Reliance and ICICI Prudential?
Raj Gupta
Your investment in SBI Magnum Taxgain is very good and hopefully it will give you good returns. For investing more in tax-saving schemes, you may consider, Sundaram Tax Saver, HDFC Tax Saver, Reliance Tax Saver, Birla Sun Life Tax Plan, HDFC LT Adv, etc.
For long-term investment, you may consider, DSP ML -T.I.G.E.R–Reg, Reliance Diversified Power–Gr, SBI Magnum Contra, HDFC Top 200, HSBC Equity, Sundaram BNP Paribas Select Focus-Reg, Reliance Growth–Gr, Kotak Opportunity, etc.
Is there any entry or exit load for gold funds?
Suchita Ambardekar
Since gold ETFs are traded on stock exchanges like stocks, they do not attract any entry or exit load, but may attract the brokerage and other taxes. But, if you are investing through a new fund offer, you may have to pay an entry load, depending on your mode of investment and subject to conditions laid down in the offer document. If you want to come out of the fund early, it would not attract any exit load.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.
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First Published: Mon, Jul 14 2008. 12 11 AM IST
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