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Save more tax by investing u/s 80G

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ark_advisor's picture
Joined: 13 Sep 2015

Save more tax by investing u/s 80G

HDFC Mutual Fund has announced the launch of a New Fund Offer called HDFC Charity Fund for Cancer Cure, a close ended scheme

It is a unique offering from HDFC, as it has decided to donate the dividends earned on the investment to Indian Cancer Society (ICS).

The NFO shall open for subscription on March 10, 2017 and close on March 24, 2017.

Highlights of the scheme:

» A unique mutual fund scheme that aims to provide sustainable cash flows for charity

» Two plans viz – Arbitrage Plan & Debt Plan

» Choice to donate either 50% and 100% dividend declared under the plans

» Dividend contribution can be treated as part of Company's CSR under 'Preventive Healthcare' under Schedule VII of the Companies Act 2013 in line with Company's CSR agenda.

» Minimum Investment per investor is Rs.50,000 and in multiple of Rs.1000 thereafter

» The Donation of dividend made to the corpus of ICS is eligible for claiming tax deduction under Section 80G of the Income Tax Act, 1961

» Refund of 100% Capital on Maturity to Investor post lock-in period of 1136 days

» HDFC Asset Management Company Limited (HDFC AMC) shall not levy any investment and management fees to manage HDFC Charity Fund for Cancer Cure.

Interested Investors please contact on 8693800025





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