What is the best mutual fund in india based on its performance?

Question

Is there any mutual funds have income tax exemption fecility?

Answer 1

Be wary of 1 month, 3month , 1 year best performance records! You need to check out which funds have the best long term performance record and figure among the to funds consistently. The best place to look for that information is ValueResearchonline website. They were the fiorst to start rating mutual funds on the lines of MorningStar in USA. They are independent and unbiased.

Check out top-rated funds at http://www.valueresearchonline.com/topra...

Then you can follow links for some of the 5-star rated funds that take low risks and provide above average/high returns. Some of tehse are HDFC Prudence, SBI MAgnum Contra, SBI Magnum Taxgain, Reliance Growth.

All MF dividends and long-term capital gains (held for >1 yr) are exempt form Income tax. If you are looking for Income tax exemption benefits for investing in a MF -then go for the ELSS funds like SBI Magnum Taxgain, Sundaram BNP Paribas Taxsaver! Again check their performance, analysis before making the buying decision.

Cheers!

Answer 2

visit www.moneycontrol.com to find out which is the best performing MF as on date. it keeps changing, one which is best today, might be no 3 on the list tomoroww. dont look fot the best, try to look for the top ten and then decide where to invest.

all dividends poid by all MF ( equity ) are exempt from income tax, and any gain made from MF, if u have held the MF for more than a year, is also tax free.

Answer 3

Mutual Funds are subject to market risk.

So, you can not judge which mutual funds is good for future .

But you can get idea from past perfomance`s of some mutual funds.

Few of the top performing funds over the years.

a) SBI contra Fund

b) HDFC Top 200 Fund

c) HDFC Equity Fund

d) UTI MasterShare

e) Reliance Growth Fund

f) Reliance Vision Fund

This are good funds which gave good returns over last years.

If you want tax benefit then go with ELSS scheme which give  

tax benefit upto 1 lakh under section 80c.

If you want more information than visit

www.MFexpert.com

OR you  can also E-mail us at [e-mail]

Answer 4

SBI maganum Contra

Sundaram Select Focus

DSP Merry Lynch Opportunities

Birla Frontline Equity

SBI magnum Contra is best option for your needs. But you can also think of ELSS schemes for tax exemption

Answer 5

Please look into today's Times of India........You can find top ten gainers and top ten bottom performers too

Reliance leads the show.......others are ICICI

Losers are Kotak, Birla etc