Can a mutual fund lose all its value?
With mutual funds, you may lose some or all of the money you invest because the securities held by a fund can go down in value. Dividends or interest payments may also change as market conditions change.
How do I redeem my tax saver mutual funds before 3 years?
According to the ELSS lock-in period of 3 years, you cannot redeem your units upto three years, i.e. until 1st December 2023. You can redeem all of your units or withdraw your investment only after 1st December 2023.
What is the current NAV of Reliance Tax Saver fund?
NAV as on Nov 30, 2021: ` 74.7477
| Performance of Nippon India Tax Saver (ELSS) Fund as on 30/11/2021 | ||
|---|---|---|
| Particulars | 1 Year CAGR \% | 3 Year CAGR \% |
| B:S&P BSE 200 TRI | 35.95 | 18.29 |
| AB: S&P BSE Sensex TRI | 30.28 | 17.67 |
| Value of `10000 Invested |
Are tax saving mutual funds safe?
For investors who have risk taking ability, tax saving mutual funds is advisable as their potential to earn return is higher than PPF or Tax Saving Fixed Deposit. The only drawback of Tax Saving Mutual Funds is that they don’t guarantee a fixed return.
How good is Reliance Tax Saver fund?
Yes, the Reliance Tax Saver ELSS Fund has performed very well in the past with a return rate of 16.42\%. This is a suitable option for investing in an ELSS scheme.
Which fund has the lowest risk?
List of Low Risk Mutual Funds in India
| Fund Name | Category | Risk |
|---|---|---|
| L Arbitrage Opportunities Fund | Hybrid | Low |
| UTI Arbitrage Fund | Hybrid | Low |
| Baroda Overnight Fund | Debt | Low |
| DSP Overnight Fund | Debt | Low |
What is reliance tax Saver fund (ELSS)?
Reliance Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) which offers long-term capital appreciation. The fund invests predominantly in equity, and equity-linked derivatives and have a minimum lock-in period of 3 years. Reliance Tax Saver Fund growth helps the investors to get tax deduction under Section 80C of Income Tax Act, 1961.
How does reliance tax Saver fund G work?
The fund invests predominantly in equity, and equity-linked derivatives and have a minimum lock-in period of 3 years. Reliance Tax Saver Fund growth helps the investors to get tax deduction under Section 80C of Income Tax Act, 1961. Reliance Tax Saver Fund G significantly invests in two or three sectors, and also take exposure in MNCs.
What are the different types of reliance tax Saver mutual funds?
There are three types of Reliance Tax Saver Mutual Funds offered. Growth Option – A growth option is where no dividend is paid to any of the investors. The gains and proceeds are reinvested back to the scheme in order to increase the Net Asset Value (NAV) over time.
When was ELSS Fund launched?
Fund Details Category ELSS Fund Type Open Ended Investment Plan Growth Launch Date 21 September, 2005 Benchmark S&P BSE 100