Investing in mutual funds schemes because of some tax-advantage has to be right up there with investing in schemes with good past performance. It's utterly and completely stupid!
Taxation can change bases on the whims of policymakers, your investing plans don't.
Taxation can change bases on the whims of policymakers, your investing plans don't.
This is why categories like Equity Savings - which was born solely because of a tax change are as useless as a torn underwear in a hot summer.
This is a particularly inept fund category that combines equity, debt, and arbitrage to accomplish nothing.
This is a particularly inept fund category that combines equity, debt, and arbitrage to accomplish nothing.
An equity savings fund is no different from a conservative hybrid fund except, it uses arbitrage to get equity taxation. But the good thing about the category is, it does, none of the things right.
Imagine you invest in this fund because of the tax advantage and that changes tomorrow, you're buggered, aren't you? Stop falling for the sales pitches. They are good for the AMCs, not you.
