Moneywise-Save Today For A Better Tomorrow

Moneywise-Save Today For A Better Tomorrow

Posted by Sumathi in Moneywise on 01 9th, 2009 | no responses

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The following tips on saving and financial management contains very simple yet very powerful tips. This is the part of the year when professionals begins to plan their investments and savings. The suggestions given below on saving on tax could prove to be worth a great deal. Besides, Mr.Sathish Kumaar who is heading this initiative is a professional of integrity, with 20 years of experience in this field and has a very enviable client base.

ELSS – Tax Saver Funds Performance

S.No	FUND NAME	NAV
S.No	FUND NAME	8/1/2009	5 Years
1	Birla Sun Life Tax Relief ‘96 – Dividend	48.44	10.34
2	Franklin India Tax shield – Growth	98.98	13.91
3	HDFC LT Advantage Fund – Growth	64.33	14.69
4	HDFC TaxSaver – Growth	103.61	19.88
5	ICICI Pru Tax Plan – Growth	57.45	13.06
6	LICMF Tax Plan – Growth	17.05	1.94
7	Magnum Tax gain – Growth	31.15	25.67
8	Principal Personal Tax Saver	48.19	9.9
9	Reliance Tax Saver – Growth	9.94	N.A.
10	Sundaram BNP Paribas TaxSaver – Growth	24.29	22.03
11	Tata Tax Saving Fund	28.14	10.02
12	UTI Equity Tax Savings Plan – Growth	22.18	9.47

3-in-1 facility where you can access your Banking, Trading and Demat Account through Single Window and transfer funds across accounts seamlessly at very, very cost effective rates and lowest transaction fees. No Brokerage and no hidden costs. You can trade for an amount of Rs.1 Crore by just paying a facilitation fee of Rs.500/- valid for 2 months. Simple procedure for Registration at your door steps.

Also you can choose to utilise our tips for trading and Offline Trading Services through TRADEWISE.

ICICI Pru Income Plan

Scheme Objective

The scheme seeks to generate regular returns by putting around 75 percent of the investments in debt instruments, and the balance in money market instruments. The plan aims to maintain the optimum balance of yield, safety liquidity.

Mutual Fund Family	ICICI Prudential Asset Mgmt. Co. Ltd.
Fund Class	Debt Medium Term
Fund Type	Open Ended
Investment plan	Dividend / Growth
Fund Manager	Rahul Goswami
Entry Load	0.00%
Exit Load	2.00%

Comment

Exit load of 2% for investment upto Rs 50 lakh if redeemed within 6 months from the date of allotment and 1.50% if redeemed after 6 months and on or before the expiry of 1 year from the date of allotment. 1% for redemptions done beyond 1 year up to 18 months from the date of allotment and thereafter NIL exit load.

Risk Grade	Above Average
Return Grade	Above Average
Returns	1 Month - 10.29 % (Absolute Return)
	3 Months–13.57 % (Absolute Return)
	1 Year – 17.76% (Absolute Return)