A simple Query Abraham, 23 Jul 2013

Dear Sir, I have around 5 lakhs in my savings which i want to make a conservative investment which will provide a monthy interest payment and that can be put as SIP in any large cap mutual fund over a period of 5 to 8 years. I dont know any such option which will save on Taxes as well.

Fintotal Answer

Dear Abraham, we would suggest you to invest Rs 5 lakhs in a debt fund i.e HDFC Cash Management Fund(G) and do STP(Systematic Transfer Plan) of Rs 4000 every month in HDFC Top 200(G). To view details about STP follow the link http://www.knowledge.fintotal.com/Systematic-Transfer-Plan-STP-in-Mutual-Funds/150. There is no such tax saving by doing this.  For more assistance write to us separately at www.assistance.fintotal.com.

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