Bank interest is fully taxable. So if you are a tax payer - Arbitrage funds is a good option. Otherwise FMPs are a better option than bank FDs. ...

Your total repayment for the year is EMI x 12
End of the year your bank will give you the breakup of your total amount repaid. Initially 90%(approx) of your EMI goes towards interest and balance towards principal. Over the years the interest amount keeps decreasing and principal amount repayment keeps increasing.
You can claim 80C benefit for the principal repayment upto 1 lakh ( incuding all other investment avenues) Interest upto 1.5 lakhs is fully deductible from your gross income.
Any prepayment made get the breakup. You can claim 80C benefit. ...

It is on FIFO basis - you can show a short term loss.
If you sell the next 10 shares - you might get a short term gain.
You can adjust your short term loss against short term gain.
You pay tax only if you make a net gain. ...

Go for Sundaram Tax Saver Rs 3000 & DWS Tax saver Rs 2000....

SBI MAGNUM TAX GAIN - Performance is not as good . Corpus is Big.
For 80C benefit - Sundaram Tax SAVER / DWS TAX
SAVER is a better option. If you have no tax
to be saved - avoid tax saving funds.

Reliance Growth Fund - First choice for midcap fund. A must in every
portfolio.

Kotak Opportunities - I would prefer Sundaram Select Focus

DSPML TIGER - As suggested by dear Ashport go for a large cap fund - HDFC TOP 200 / DSPML TOP 100 ...

Yes you can switch thewhole amount....

MIPs - are a misnomer. You are not assured of monthly income.
They are usually funds with 25- 30% in equities and balance in debt.
They are suitable for people who are willing to take only little risk. On an average - they give about 8-10% in the long run. Usually they declare dividend every month or quarter. With the markets down at the moment - you might not get the usual returns. ...

Thanks a lot Ranjan. It helps in this volatile market. So presently i have made gain but its loss for tax calculations. Too good...

Dear Ranjan, We both defer in our views regarding these plans and I respect your views. Since these products are still new, hopefully with time I will understand these products better. Thanks, Raj...

Thank you for your response. Investment period in hdfc equity is over 2 years. Is it advisable to switch the whole amount Rs 12 lakhs? Please let me know. ...

Ranjan ji, Thanks for reply. I occasionally visit valueresearch, now I will do it regularly. ...

Dear Ranjan ji, I often read on this board that one should review the performance of the fund in which one has invested. Will you please tell me a couple of parameters (to start with) which are important in such review so that I can start thinking on them. Regards,...

Thank you for the information given by you, another information regarding which is the best mutual fund.i saw different sites and and different books stated that no one cannot say that same scheme is the best one.how can i judge that it is the best fund.i think that i can take my own dession in selection of scheme(not the adivce of the agentt). what are the parameters taken in consideration, i konw little about 1)fund managers prformance(how can i know)2)fund size 3)nav there are some parameters which i don't know if you know please convey to me....

Mr. Ranjan, That was a very timely article by Outlook Money and thanks for reproducing it here. I also have a gut feeling that FMPs are the next big scam in the market, the way they are marketed and money is being mopped up. According to a recent article in The Hindu Businessline, in July 08, rs 12400 crore was collected by FMPs. Economic common sense dictates that when interest rates are higher, then the borrowing reduces (as is very clearly evident from Auto loans and home loans). Then why are companies borrowing so much from MFs through FMPs? Since FMPs do not declare their portfolios ahead of the NFO, the investors have to take care and: 1. Diversify, diversify, diversify across Fund houses. 2. Stagger the investments 3. Do NOT put too much into a single fund house or a single FMP. Some fund houses like HDFC, Franklin Templeton, and Standard Chartered have been traditionally good in Debt schemes (correct me if I am wrong here). Suggestion would be to start FMP with these fund houses rather than Equity expert fund houses ( Sundaram, JM, SBI, ??)....