How to buy tax saver mutual fund. Should i register through some online trading portal and buy it?

1. how to buy tax saver mutual fund. Should i register through some online trading portal and buy it or how exactly is it done?
2. How is the amount to be deducted from taxable income calculated while investing in mutual funds. Is it the unit price or the price at which i got it?
The question may be stupid but I am ignorant about mutual funds so please enlighten me. Thanks in advance

Many mutual fund investments can be made through ICICI bank website. You need to register the same with the ICICI Bank. The details can be had from the web link.

http://www.icicidirect.com/

xxx

bEST IS APPROACH ANY MF AGENT. WHAT'S MORE HE /SHE WILL GIVE U COMMISSION.SO THAT U EARN ON YOUR INVESTMENT.

icicidirect.com

1. Any nearby Mutual Fund agent is fine and enough.
2. Your total investment amount is deducted, irrespective of how many units you got at which rate.

1. you can buy any mutual fund by going to the repective CAM centre or any of those MF agent.

2.The amount of investment(amount actually invested) is deductible under sec 80C from your total income with a maximum limit of Rs.1 lac.
note: Sec 80C contains various items eligible for deduction from Total income.The aggregate of all these items shall not excedd Rs.1 lakh.
One of those eligible item is subscription to units of mutual fund

3.If you withdraw the investment within 12 months from the date of investment it is subject to short term capital gain at the rate of 10%

hi frd,

I suggest u to buy a mutual fund thru an registered agent. the amfi registered agent can suggest a good fund to u. other people will just sell to u, they dont hav much idea abt the concepts.

If u bought thru icicidirect or some other u have to pay annual demat charges to those companies, for icicidirect - 750 /annum. its all expensive and no suggestions given by them.

After u buy a tax saving scheme fund u will get an account statement from the company. u hav to submit the account statement to ur company to get benifit. if u dont get an account statement u just call to the toll free number of mutual fund company and say ur folio number they will send to u. u will get folio number to ur mail which was mentioned by u in application.

The amt wht ever u invest in taxsaving schemes (upto one lakh) u will get benifit for tht amt and it is not yet related to NAV.

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