Which ELSS funds is/are your pick for 2008-09?

[life2007]

So Guys!

For early tax planners, let us share our views Which ELSS funds should be our pick for this year 2008-09.

I am posting, so here I go first

[In order of preference]

1) Magnum Tax Gain 93
2) Sundarm Tax Saver
3) Birla Tax Relief 96

Thanks

Jeet

 

[Vicky78]

Sundaram BNP Paribas taxsaver
Birla sunlife tax Relief 96
Fidelity tax advantage
Magnum taxgain

 

[kalwarik]

Sundaram BNP Paribas taxsaver
Magnum taxgain
Fidelity tax advantage

 

[mrindia]

Sundaram BNP Paribas taxsaver
Magnum taxgain
Fidelity tax advantage

I agree!
mr india

 

[crazyfutu]

Sundaram BNP Paribas taxsaver
Birla sunlife tax Relief 96
Principal Personal Tax Saver

 

[simphony80]

Hi
Sorry that I am posting my question in the wrong thread. But I thought someone can help me here. I am new to ELSS, so bear with me if I sound inane.
1. All the schemes in ELSS are mutual funds? Can we not invest in individual stocks using ELSS?
2. Can someone share with me on where did they open the brokerage and demat accounts for the ELSS purpose?
3. What is the range of charges does a brokerage account carry, if you could include fine prints like hidden costs, taxes, services charges etc that will be great? All I am looking for are ranges and the corresponding brokers
4. What is the range of charges does a demat account carry, if you could include fine prints like hidden costs, taxes, services charges etc that will be great? All I am looking for are ranges and the corresponding demat account providers
5. Are there any big Govt banks (SBI etc) offering demat and brokerage accounts?

Thanks in advance for the knowledgeable input.

 

[HarpreetWalia]

Greetings,

My choice

1) Magnum Tax Gain 93
2) Sundarm Tax Saver

Symphony

1) You might not be able to invest individually in stocks using MD. Reason being MF are managed by PF (Portfolio Managers) and they have (hope so) enough experience in whoch stocks to invest.
2) I dont think you need any demat account for ELSS schemes. All you need is to invest in some schems using either pst dated chequest or automated clearing through you bank account. People correct me If I am wrong somewhere?
3) Brokerage charges (as far as I know) will be your entr/exit load along with brokerage commission if you are going through any broker. Try to invest directly in order to save to yourself from entry load/broker commission

Let us know if this clears out some confusion?

 

[lonsharim]

We are in the fag end of the financial year now.

Tips of the late investors in ELSS this year, which funds would you recommend.

I have invested in Magnum and Sundaram. I need to invest another 20k which I want to spend on a 3rd fund.

Any suggestions?

 

[kalwarik]

go for quantum tax saver its zero entry load fund

 

[lonsharim]

go for quantum tax saver its zero entry load fund

Interesting choice, any reason other than the zero entry load.

I was checking up on it, its not rated by ValueResearch, it manages less than 0.2 Crs, launched only in a couple of months back.