Tips & Guide

(3.) Growth/Dividend Option : Tax Saving Mutual Funds (ELSS) have a lock in period of 3 years, i.e., one cannot withdraw before the completion of 3 years. Therefore, choose Dividend Option if u want to receive some money (thru dividend) before 3 years. If u do not need money before 3 years, you can choose Growth Option.

(2.) Tracking NAVs of Mutual Funds : After signing up at http://www.valueresearchonline.com/ , one can create his portfolio entering the details of purchase/sale of Mutual Funds. Once the details have been entered, one can track the NAVs, profit/loss etc. on daily basis. All this is for Free.

(1.) Investment in Mutual Funds to save tax : Before investing in Mutual Funds, one should understand the risks involved in Mutual Funds. Though there are several websites on mutual funds, I think the following are the best:

(a) www.valueresearchonline.com
(b) www.personalfn.com

By visiting the above websites regularly, one can learn how to invest in mutual funds wisely.

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