Save Today For A Better Tomorrow-Be Moneywise

Save Today For A Better Tomorrow-Be Moneywise

Posted by Sumathi in Moneywise on 11 29th, 2008 | 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. 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.

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	1.00%

Comment

Exit load of 1% for investment upto Rs 10 lakh if redeemed within 6 months from the date of allotment and 0.50% if redeemed after 6 months and on or before the expiry of 1 year from the date of allotment.

ELSS – Tax Saver Funds Performance

FUND NAME	NAV
FUND NAME	27/11/2008	5-Year
Birla Sun Life Tax Relief ‘96 – Dividend	40.98	11.46
Franklin India Tax shield – Growth	93.33	17.18
HDFC LT Advantage Fund – Growth	56.92	16.40
HDFC TaxSaver – Growth	90.47	20.98
ICICI Pru Tax Plan – Growth	50.63	14.03
LICMF Tax Plan – Growth	15.67	3.49
Magnum Tax gain – Growth	28.47	28.42
Principal Personal Tax Saver	43.68	13.54
Reliance Tax Saver – Growth	9.26	N.A.
Sundaram BNP Paribas TaxSaver – Growth	22.44	23.54
Tata Tax Saving Fund	25.83	11.19
UTI Equity Tax Savings Plan – Growth	20.10	11.30

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Moneywise Investment Consultancy Services – 9/5 Simpcon Homes, Mannar Street, T.Nagar, Chennai 17. Tel: 4212 8243, 2434 3672, 98401 89123 E.mail: sathishcapricorn@gmail.com / sathishcapricorn@hotmail.com

Image credit Jeff Belmonte