r2i forum

I have opened demat account in India and invested in mutual funds in my mother's demat account. My mother is household wife and doesn't have any other income.

Do you recommend me to invest in tax saving ELSS mutual funds? Also, If I make an investment of Rs 1,00,000/ ( 1 lac), then under section 80c, the complete amount is deducted from your gross income for that particular year.

Appreciate, If you can please clarify the following..

- Let us say, I have profit of Rs 1,00,000 from short capital gains in 2010. Can I deduct this amount
from gross income for that particular year ( 2010 ), if I invest Rs 1,00,000 for that particular year ( 2010 ).

Thanks,

seenathkumar;264582The greatest thing of selecting mutual fund investment is that investors do not have to manage each and every fund. All this is handled by the asset manager. Some of the factors that one has to take into consideration while choosing best mutual fund are as follows:
Checking Past Records: If the performance in the recent years in not up to the mark, then it might not be really worth investing in. Informational research on mutual funds gives a better idea about the stability and fund performance.
Ranking: Investors may come across many online websites that offer ratings for different fund houses based on their performance, tax efficiency and consistency on returns. Business journals and periodicals might also prove to be an effective tool.
Board of Advisory: Another factor that needs to be taken into consideration is the track record of the board of advisory. The board comprises of asset managers who are responsible for the performance of the funds in the market.
Conclusion
Finally we can conclude that a mutual fund offers a simple and efficient solution for investing for retirement, education and it also allows investors to meet their financial goals.

OP,
Is this copied and pasted from this website without any change ?

http://www.bestbondfunds.net/2010/04/06/choosing-the-best-mutual-fund-for-investments.html

Or from here ?

http://www.articlesbase.com/investing-articles/choosing-the-best-mutual-fund-for-investments-1926111.html

For this page, the author name is given as R Govindan, is that you ?

Can we say all these members who are here indirectly promoting reliance mutual "know" each other ?

which are the top 3 funds from the house of Birla,DSP Merrill Lynch and Reliance?

How do you end up picking these 3 houses from the rest ?

What is a top fund ? best performing for last one year ? 3 years ? or from inception ?

There was something really interesting that i read in ET today.
It was about this news that Most Shares M50’ is slated to be first funda-mentally weighted exchange traded fund (ETF) based on S&P CNX Nifty Index (Nifty) in the Indian stock market.
And they say that its first of its kind funds in india.
see here http://economictimes.indiatimes.com/articleshow/6103466.cms