sbi magnum tax gain-growth vs hdfc tax saver Mf

Sudheer Prasad 1
Viewed 2154

hi pankaj,

i have already invested an amount of 30,000 in sbi magnum tax gain-growth MF,then NAV was Rs 60. i want to invest agin an amount of 40000 in MF ,should i continue with sbi magnum tax gain-growth or is there any better Mf like hdfc tax saver MF.iam looking for an investment which gives tax benefits along with decent returns,are there any better tax saving investments compared to MFs.

thanks, sudheer

magnum-tax-gain sbi-mutual-fund mutual-fund tax-saving
1 Answers

We would not advise you to invest whole amount as lump-sum. Rather start a SIP so that monthly some amount is deducted from your account. This will average cost of buying.

SBI tax saving mutual fund is not in the leading tax saving mutual fund list as of now. You may consider from Canara Robeco Equity Tax Saver, HDFC Taxsaver, Franklin India Taxshield, DSPBR Tax Saver and Fidelity Tax Advantage.

Pankaj Batra5212
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