Best ELSS (Equity Linked Savings Scheme) - II

[indngr]

Originally Posted by goni

1. SBI Magnum Taxgain and Taxgain 93 are same schemes
2. There is no restriction on investing in Magnum Tax Gain 93, it is an open ended fund and will remain so.
3. The three schemes on my hit list are 1. Birla Taxsaver 2. DSP Taxsaver 3. Magnum Taxsaver not in any particular order. You may spread your exposure in these three funds as they continue to be in top five for quite a long time. I hope it will help you.
3.

Choose one amongst the two since both are Mid & Small cap heavy -
1. Birla Taxsaver
2. DSP Taxsaver

[indngr]

Originally Posted by NitinK

Hello

There are two funds in my list -

1. DSP-MLTax Saver Fund (D) = 15k
2. Birla Sun Life Tax Relief '96 = 15k

What you guys think about these two ELSS?

Second,
1. Principal Tax saving, or
2. Personal Tax Saver

Which one is good in between these two Principal ELSS?

Nitin

All the four funds mentioned by you are Mid & Samall cap heavy. Choose one amongst them.

For 2nd fund - Choose amongst Multi cap funds (SBI Mag Tax Gain OR Sundaram Tax saver).

[moneyhoney]

Hi All,
this is my first post this group.
I want to make long term financial planning in mutual fund along with tax savings so as per my understanding ELSS is good.
I am planning to invest monthly in following ELSS funds:

Scheme Amount Year
-------------------------------- --------- ------
SBI Magnum Tax Gain Scheme (G) 1500 13
Sundaram BNP Paribas Tax Saver 1500 18
HDFC Taxsaver 1500 17
Principal Tax Savings 1500 24

I have get some feedback from online that is as under :
http://www.rupya.com/archives/2007/0...u-can-use.html

Please review it and provide me your valuable suggestion for same.
thanks in advance.

[Vicky78]

HDFC Taxsaver has not been doing well. You could consider Fidelity Tax Advantage instead. Also a max of 2 tax saving funds should be enough. Not sure if you need 4

[praj.singh]

Hi,

I work in a software company. My CTC is 5.85L. I wish to invest some amount in ELSS scheme.

Could you please suggest me best ELSS scheme & suitable amount? How about investing in Principal Personal Tax Saver MF?

Also I would like to clarify is ELSS scheme is lumsum investment? mean AMC will not debit amount monthly from my account if I fill bank details in form.

[ssram08]

Hi,

You can also consider these two Elss schemes

1. SBI Magnum Tax gain
2. Sundaram tax saver

Suitable amount is upto you to decide.

You can invest either by lumpsum or you can start a SIP(Systematic Investment Plan) through which you can invest a sum monthly.

Regards,
Sriram

[Vicky78]

Principal Personal tax saver is a very aggressive MF. it invests heavily in small and mid cap stocks.

Sundaram tax saver
Fidelity tax advantage
Birla sunlife tax relief

[thakur]

Hello frnds ,

last yr i invested in below ELSS schemes for tax saving fundsas lumpsum amount .
1) SBI magnum tax gain (G) for 10 ,000 Rs
2)HDFC tax saver (G) for 15000 Rs

As it was market peak at hat time ..abt end of december 2007 .
Cureently my funds value is around 60% of what i had invested.

I have some question now in my mind ;
1) should i continue with these two funds only for tax purpose .?
2) should i again invest thorugh SIP or lumpsum ..in current market scenario. ?
3) last time i did not had demat account ..so i invested in MF thorug some agent. As now i have ICICI demat account. I think i do invest online in same funds... new porfolios will be generated ..and 3 yr lock in period . will follow..again from now. what should i do?


Can sombody answers my queries.?

Thanks & regards
thakur

[Vicky78]

Originally Posted by thakur

Hello frnds ,

last yr i invested in below ELSS schemes for tax saving fundsas lumpsum amount .
1) SBI magnum tax gain (G) for 10 ,000 Rs
2)HDFC tax saver (G) for 15000 Rs

As it was market peak at hat time ..abt end of december 2007 .
Cureently my funds value is around 60% of what i had invested.

I have some question now in my mind ;

1) should i continue with these two funds only for tax purpose .?

No you can pick other funds like Sundaram taxsaver, Fidelity tax advantage and birla sunlife tax relief. Magnum tax gain is a good fund. HDFC taxsaver a great (probably greatest) fund once is performing extremely poorly these days

2) should i again invest thorugh SIP or lumpsum ..in current market scenario. ?

SIP always. Market scenario does not matter.

3) last time i did not had demat account ..so i invested in MF thorug some agent. As now i have ICICI demat account. I think i do invest online in same funds... new porfolios will be generated ..and 3 yr lock in period . will follow..again from now. what should i do?

you can transfer it to the dmat account, you not have a fresh lockin , instead it will be 3 years - 8 months (from dec 07)