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Anil

Anil Rego  |358 Answers  |Ask -

Financial Planner - Answered on Aug 29, 2023

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Rajkumar Question by Rajkumar on Aug 18, 2023Hindi
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I AM HAVING PORTFOLIO OF NIPPON INDIA TAX SAVER IDCW REGULAR9000 HDFC TOP 100 IDCW 3000 AND HDFC TAX SAVER 3000 PER MONTH PL REVIEW MY PORTFOLIO

Ans: Tax saver funds are the schemes that helps investor save tax under Section 80C of the Income Tax Act, 1961, but have a lock-in period of 3 years. Hence, you can reduce your contributions to tax savings fund to the extent you need the deduction. It is also suggested to change the option from IDCW to Growth from a taxation standpoint. You can continue to invest in HDFC TOP 100 Fund and it is also suggested to change the option from IDCW to Growth module. Further, you can evaluate adding a midcap fund if you have the risk appetite.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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