Monday, January 22, 2007

Tax Planning with Mutual Funds

Worried about Taxes?

Birla Equity Plan is one of the options for tax-saving investment this year. While the fund has lagged top funds such as HDFC TaxSaver and Magnum Taxgain over the past year, it continues to find a place in the performance chart of the top ten ELSS funds.

Investors who had held on to the fund over the past five years would have earned 52 per cent annualised returns. This performance is comparable to top diversified funds such as HDFC Equity.
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