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Mint 50 - HDFC Taxsaver Fund

Mint 50 - HDFC Taxsaver Fund
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First Published: Mon, Apr 05 2010. 12 21 AM IST
Updated: Mon, Apr 05 2010. 12 21 AM IST
HDFC TaxSaver fund is one of Indian mutual fund industry’s oldest tax saving equity funds. This fund offers section tax deduction benefits under section 80C up to a maximum investment of Rs one lakh. It imposes a lock-in of three years; you cannot withdraw your money from this fund before three years. Launched in 1996, the fund has returned around 35% since inception.
Apart from a blip in its performance in 2007, the fund has done well in both rising and falling markets.
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First Published: Mon, Apr 05 2010. 12 21 AM IST