Tax Saving & Wealth Creation- My Wealth Club's Recommendation

Dear Investor

We are approaching the end of Financial Year which means that its time to make a tax saving investment. This year www.mywealthclub.com  would like to recommend an investment opportunity which can help you in both Tax Saving & Wealth Creation.

www.mywealthclub.com recommends ICICI Pru Tax Plan which has given consistent performance in the last 5 years. The fund is an Equity Linked Saving Scheme (ELSS) which is eligible for deduction under Section 80C for upto Rs. 1 lac. The features of the fund are as under:

·         Lock in – 3 years

·         Entry and Exit Load – Nil

·         Minimum Investment Amount – Rs. 500

·         Investment Type – 100% exposure in Equity

·         Taxation – Nil. Both Dividend and Capital gain are tax exempt.

·         Suitable for investors whose risk behavior is Moderate or Aggressive

·         Recommended Time horizon – 5 Years

·         Expected Return – 15% per annum. Current market conditions are very favorable for good performance in next 5 years.

·         Expense Ratio – One of the lowest among various Tax Saving Products.

Past Performance Analysis of the Fund :

               

Scheme	Corpus (Crores)	LaunchDate	1Y	2Y	3Y	5Y
ICICI Pru - Tax Plan (G)	1362	9-Aug-99	36.68	3.68	10.46	5.38
SBI - M Tax Gain (G)	4648	7-May-07	35.13	2.82	6.31	0.65
HDFC - Tax Saver (G)	3223	31-Mar-96	25.99	-0.56	8.07	4.41
Reliance - Tax Saver (G)	1993	25-Jul-05	47.12	5.8	12.13	4.47
Sundaram - Tax Saver (G)	1377	5-May-05	32.35	1.45	5.29	1.68
Franklin - India Taxshield (G)	853	10-Apr-99	29.27	5.24	11.56	5.3

                *Returns are annualized.

                **As on 21/12/12

Comparison with other Tax Saving Options:

Instruments	Lock-in Period (years)	Risk Level	Returns - CAGR	Minimum investment (Rs)	Tax status on maturity
ICICI Pru Tax Plan (ELSS)	3 Years	High	Market Linked	500	Tax free
Public Provident Fund (PPF)	15 Years	Low	8.8	500	Tax free
National Savings Certificate (NSC)	5 Years	Low	8.6	100	Taxable
Bank Fixed deposits	5 Years	Low	9	10000	Taxable
Unit Linked Insurance Policy (ULIP)	5 Years	High	Market Linked	10000	Tax free

Offer from mywealthclub.com:

We are giving 16GB Pen Drive free of cost to all the investors who make a Tax Saving Investment through us.

Please let us know if your interest builds on the above recommendation.

Best Regards 

Mywealthclub.com

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Ph:      +91 124 4246036, Fax: +91 124 4246037,Mobile: +91 9582415190

Email: support@mywealthclub.com