RAGHVENDRA NARENDRA DHOOT

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Feb 27, 2007, 6:53:47 PM2/27/07

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The Trustees of SBI Mutual Fund have announced a Dividend in SBI Magnum Tax Gain as under:-

Fund NAV (27-02-2007) Subscription Price Dividend Declared* Record Date Tax Free Yield (%)^

SBI Magnum Tax Gain

55.66 56.91 11 02/03/2007 19.33

The fund is a Tax Saving (ELSS) scheme with a 3-year lock-in.

 

*Rs.per unit

^The Tax Free Yield is calculated as follows:-

Dividend per unit X 100

Last Subscription Price

After payment of dividend the NAV will fall to the extent of payout.

Raghav @ Raghavs Picks

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RAGHVENDRA NARENDRA DHOOT

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Mar 27, 2007, 1:50:40 PM3/27/07

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Hi.

It is a great idea to invest 100,000/- in ELSS funds thru SIP.

The monthly figure to be invested works out to Rs.8333/-(100,000/12)

You can divide this amount amongst the following funds in equal proportion.....i.e Rs.1000/- per fund per month:-

ELSS FUND NAV 26/03/07
Birla Equity Plan (G)  Rs.10.43
Birla Sun Life Tax Relief 96 Rs.88.09
DSP-ML Tax Saver Fund (D) Rs.9.63
Fidelity Tax Advantage Fund (D)  Rs.12.11
HSBC Tax Saver Equity Fund (D)  Rs.9.46
Reliance Tax Saver (ELSS) D Rs.12.41
SBI Magnum Taxgain Rs.42.51
Sundaram BNP Paribas Tax Saver(D) Rs.12.41

These funds are suggested not on the basis of their past performance, but on the basis of their expected performance over the next 3/4 years.You can expect good returns in the form of dividends as well as growth from the above basket of funds.

If you need any further information/clarification/guidance, pls do let me know.

Yours truly,

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SOMEBODY ASKED......

dear sir,

i am member of your 7777 calls.

need your advise on below

1. i am planning to start tax saving and plan to invest 1L in ELSS. is it good for SIP or lumpsum payment.

2. which are good ELSS funds

3. what weightage should be shared among these.

thanking you in advance.

rgds

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