Best ELSS(Tax saving mutual funds)

[kc_624]

i am planning to invest 3000/month in 2 tax saving mutual funds....i am ready for risk(not very high risk but decent amount of risk).......plz suggest me the 2 best ELSS schemes to invest in.
thank u.

[niranjan190]

My best and only ELSS pick is SBI Magnum Tax gain.
It has been performing consistently.

[bansalg]

So here are your 2 pics
-> SBI Magnum Tax gain - High risk high return.
-> HDFC Long Term Advantage - Good fund with medium risk and good return.

I have both these funds in my portfolio.

[sebastian_ac]

SBI Magnum Taxgain declared divident. Has anybody received the money yet? I own few units. Any information will help.
Thanks and regards

[magnet]

my sis got both dividend of sbi........

i am also lookin for tax saving fund...i have shortlisted this 3

magnum tax gain
birla sunlife tax releif
hdfctax relief

within a 2-3 days ill opt for them a total of 20000 i have to invest(7k -6k-7k)....

i m a totally noob in this dept being a enggr student...so any advice presently is wc...meanwhile i m larning the tricks of trade frm this site....really a gr8 platform to share knowledge

[jdk_ggs]

Hi All,

I have two queries:

1.Can anyone help me in deciding a Equity Tax Saving Fund with Growth Option???????
My investment methodology is SIP (2000-3000 a month) and my strategy is to withdraw entire money after 6 years (when my last installment will complete lockin of 3 years).

2. Right now I am investing in HDFC Tax Saver(G) and Reliance Tax Saver (G)[1000 each a month]
Am i investing in right funds????
My investment methodology & investment horizon is the same as explained above.

THANX & REGARDS
jdk

[MFadvisor]

This link will give you comparison about various ELSS schemes.

http://news.moneycontrol.com/mf/gain...=ab&option=eqt

1) SBI Magnum Taxgain is by the far way ahead of the rest in terms returns more then 700% returns in 5 years times. It has also give good dividends for past few years.
(Its promoted by SBI plus it has 5 star ratings)

2) Fidelity Tax advantage fund is another good fund besides HDFC and Reliance

feel free to contact me on email jain_daksh@yahoo.com or tel : 23863633

[MFadvisor]

This link will give you comparison about various ELSS schemes.

http://news.moneycontrol.com/mf/gain...=ab&option=eqt

1) SBI Magnum Taxgain is by the far way ahead of the rest in terms returns more then 700% returns in 5 years times. It has also give good dividends for past few years.
(Its promoted by SBI plus it has 5 star ratings)

2) Fidelity Tax advantage fund is another good fund besides HDFC Taxsaver and Reliance ELSS

feel free to contact me on email for free financial planning and Investment advise jain_daksh@yahoo.com or tel : 23863633

[sridhar78]

You should also invest some of your money in diversified equity funds, rather than putting all your money in ELSS funds.
Because dividend would be tax free and you can withdraw your investmetns after one year (without any tax cuts).
Also note that diversified eq funds perform on par or better than tax saving funds and have better flexibility
sri

[sumsin]

Hi Guys,

I am planning to invest 5000/- per month in 5 different ELSS troughs SIP with Growth option.

Through my own homework I have sort out some of them:

1. SBI Magnum Taxgain (1000/- pm)
2. Principal Tax Saving Fund (1000/- pm)
3. Fidelity Tax Advantage Fund (1000/- pm)
4. DSPML Tax Saver Fund (1000/- pm)

I am still confused about the fifth!
Could you guys suggest me on the same and guide whether my selected options are ok or do I have to change something.

Regards,
sumsin