Tax saving funds is for those people who are willing to take risk in the market. More than this, it is also an opportunity to create wealth in one’s tax-saving portfolio. The lock-in period for 3 years encourages long-term investment, which is a pre-requisite for fruitful return on equity investments.
- JPMorgan Chase
JP Morgan India Tax Advantage Fund (JPMIAF) is a kind of open-ended tax saving fund from the stable of the JP Morgan mutual fund. The fund is made to invest 80-100% of its total assets in equity-related securities and the rest (up to 20%) in debt and money market instruments to manage its liquidity requirements.
JP Morgan Chase Mutual Funds
According to the experts, investors would be better-off avoiding JP Morgan India Tax Advantage Fund and investing in a fund which has a proven track record and comes from the fund house following sound investment process.
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