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Business News/ Money / Mint 50 - HDFC Taxsaver Fund
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Mint 50 - HDFC Taxsaver Fund

Mint 50 - HDFC Taxsaver Fund

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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 ₹ 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.

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Apart from a blip in its performance in 2007, the fund has done well in both rising and falling markets.

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Published: 05 Apr 2010, 12:21 AM IST
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