Invest in Existing Schemes

I want to invest one lakh in Sbi Tax Advantage Nfo and Magnum Tax Gain for tax benefits and good returns. Please advice. -Dipak, Almora SBI Tax Advantage is a 10 year closed ended new fund offering. It is advisable to invest in an on going tax saving scheme like Magnum Tax Gain which has a good performance history. Some other tax saving funds that you can opt for are Birla Sun Life Tax Relief, Sundaram Tax Saver or HDFC Tax Saver. Is it worth investing in Principal Large Cap now? -Ravi Kanetkar Principal Large cap is an unrated equity diversified funds. The fund has been an average performer. You should look to invest in some well rated equity diversified fund with a long proven track record. Is it advisable to invest Rs 500 each in Reliance Vision & Reliance Diversified Power sector fund as SIP? Please advice. -Raj This is a good combination but

This article was originally published on February 23, 2008.