Online SIP plans

[rajivnc]

Please suggest me some good tax-saving online SIP plans.

My wife want to invest around 2000 per month in tax saving SIP.

Just search http://new.valueresearchonline.com/

for the following key:
Open Ended - Equity: Tax Planning - Three Year Return

Here are the results. Take your own decision.

Fund NAV (Date) Returns(%) Return as on
Taurus Tax Shield 36.60 (18-Aug) 24.53 8/18/2010
Canara Robeco Equity Tax Saver 21.64 (18-Aug) 21.65 8/18/2010
Sahara Tax Gain 37.88 (18-Aug) 20.27 8/18/2010
Religare Tax Plan 17.70 (18-Aug) 18.34 8/18/2010
Sundaram BNP Paribas Taxsaver 44.89 (18-Aug) 16.48 8/18/2010
Fidelity Tax Advantage 21.74 (18-Aug) 16.30 8/18/2010
ICICI Prudential Tax Plan 137.95 (18-Aug) 15.40 8/18/2010
HDFC Taxsaver 231.88 (18-Aug) 14.99 8/18/2010
DSPBR Tax Saver 17.46 (18-Aug) 14.62 8/18/2010


Select the one which have the best Ranking and 4 or 5 star rating.

Also Keep in Mind that the proposed DTC is planning to eliminate ELSS funds, any way till March 2011 these ELSS will remains as Tax saving investments. Also ELSS have a 3 year lock in period for each SIP

Happy Investing

 

[palka]

Can I modify these (SIP End Date or No. of Installments) later?

At any point of time you can cancel the SIP. There are no penalties for doing so. You can setup another sip if you want to. Also you are under no obligation to pay the sip installments.