Save Today For A Better Tomorrow – Be Moneywise

Save Today For A Better Tomorrow – Be Moneywise

Posted by Sumathi in Moneywise on 12 28th, 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. 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	25/12/2008	5 Years
1	Birla Sun Life Tax Relief ‘96 – Dividend	44.39	9.59
2	Franklin India Tax shield – Growth	97.35	14.83
3	HDFC LT Advantage Fund – Growth	60.86	13.53
4	HDFC TaxSaver – Growth	97.35	19.32
5	ICICI Pru Tax Plan – Growth	55.97	12.47
6	LICMF Tax Plan – Growth	16.76	3.19
7	Magnum Tax gain – Growth	30.54	26.46
8	Principal Personal Tax Saver	47.06	10.22
9	Reliance Tax Saver – Growth	9.75	N.A.
10	Sundaram BNP Paribas TaxSaver – Growth	23.95	21.42
11	Tata Tax Saving Fund	27.66	10.04
12	UTI Equity Tax Savings Plan – Growth	21.04	9.32

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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 upto 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)