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I'm planing to invest in mutual funds & dont knw anyting bout it. can anyone guide me considring tax & returns


I'm planing to invest in mutual funds & dont knw anyting bout it. can anyone guide me considring tax & returns. I am talking in context of indian taxation system.


following are two purposes:

1. Income tax savings that is applicable on my salary.
2. maximum returns from the fund(equity based)
3. any tax applicable on the income from the fund after 3 or 5 years
4. No hidden cost.

I am planning to invest Rs. 1000 a month for 3 to 5 years.


Can anyone suggest me the fund and any text on mutuals funds??????????

Best to get a No Load Index Fund.
Example: Vanguard S&P 500 Index Fund

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