|
ING VYSYA TAX SAVING FUND
What is the scheme about?
- This is a Tax Saving Scheme
- Investment under this scheme upto Rs.1,00,000 (One Lakh) will have benefit of tax rebate under Section 80 C
Features of the Scheme:
- An open ended ELSS scheme
- Minimum Amount: Rs.5000
- Statutory Lock-in Period of THREE (3) Years
- Entry Load: 2.25%
- Ideal for retail investors planning to save Income Tax through investments under Section 80 C, with the returns of equity investments.
Why Should You Choose?
- Scheme floated by India’s Largest Bank SBI’s AMC and professionally managed.
- Consistent performer and outperforming its peers.
- Tax Free Dividend at the rate of Rs.15/- per unit (Record Date March 10, 2006)
- Tax Benefits under Section 80 C
- Market Linked Returns on your investments.
|
Illustration:
|
Amount of Investment
|
Rs.10000
|
|
|
Current NAV
|
Rs.22.86 Per Unit
|
As of March 8, 2006.
|
|
Allotment Units
|
427.82 units (Approx)
|
Deducting 2.25% entry load.
|
|
Dividend / Unit
|
Rs.7.5
|
|
|
Total Dividend Receivable
|
Rs.3208.65
|
|
|
Decrease in Tax Liability
|
Rs.3000
|
Assume 30% Tax Bracket
|
|
Net Investment
|
Rs.3791.35
|
|
|
|
Performance of the TOP Schemes in the Tax plan category
|
|
Scheme Name
|
Category
|
1 Year Return (in %)
|
3 Years Return (in %)
|
|
SBI Magnum Tax Gain Scheme 93
|
Tax Plan
|
88.03
|
102.92
|
|
HDFC Tax Saver Fund (Dividend)
|
Tax Plan
|
77.53
|
83.92
|
|
ING Vysya Tax Saving Fund
|
Tax Plan
|
71.11
|
NA
|
|
HDFC Long Term Advantage Fund (Dividend)
|
Tax Plan
|
64.73
|
79.7
|
|
|
|
Hurry! Invest before March 19, 2006 and reap the benefits.
|
Union Budget