Please suggest the best ELSS this week

[lovish]

Hi All,

I am looking for some investment this week considering on Tax benefits

After some analysis of the market, I am thinking to going for the following Mutual Funds schemes.

1. ICICI pru Tax Plan (G)
2. HDFC Long Term Advantage (G)

Could you please let me know if buying these is a good option, or should I go for any other scheme

Other than this, I am also looking for investing some money into other MFs (not considering Tax benefits) and have filtered the following schemes.

1. ICICI pru discovery plan (G)
2. HDFC Top 200

Could you please let me know if buying these is a good option, or should I go for any other scheme. Further is it the right time for buying MFs (non tax benefit plans) or should I wait.


Thanks in advance

With Best Regards,
Lovish

 

[nikrod]

Hi Lovish

It is highly advisible to consider long term performance of mutual funds before investing. both your funds ICICI pru Tax Plan (G) & HDFC Long Term Advantage (G) are rated 3 star by Value Research.

ICICI Tax Plan is best performer for 1 year period but lags behind in 3 year & 5 year performance ranks. I would suggest following ELSS funds based on their long term track record & performance.

Canara robeco Equity Tax Saver
HDFC Tax Saver
SBI Magnum Tax Gain
Sundaram Tax Saver
Fidelity Tax Advantage


As per the general funds selectyed by you, HDFC Top 200 has got impressive track record & is an excellent fund. This fund is tilted towards large cap stocks.

Fund ICICI pru discovery plan (G) scouts for value stock picks & is good fund too. Just keep in mind that it is a Mid cap offering thus comes with the added risk associated with it.

 

[mrindia]

For ELSS, my choice will be
Sundaram Tax Saver
HDFC Tax Saver.

Rather than timing the markets, go for SIP.

mr india

 

[jemspooja]

I guess IDFC Premier tax fund is good one....
Do let me know if you want to invest through me....

For ELSS, my choice will be
Sundaram Tax Saver
HDFC Tax Saver.

Rather than timing the markets, go for SIP.

mr india

 

[rajivnc]

For ELSS, my choice will be
Sundaram Tax Saver
HDFC Tax Saver.

Rather than timing the markets, go for SIP.

mr india

I would to select an ELSS for my sister [age - 25 ] via SIP @Rs5000/- . I am confused which one to select. Experts please recommend

1) Can Robeco Equity tax saver(G)

OR

2) HDFC TaxSaver(G)

OR

3) Sundaram Tax Saver

 

[nikrod]

I would to select an ELSS for my sister [age - 25 ] via SIP @Rs5000/- . I am confused which one to select. Experts please recommend

1) Can Robeco Equity tax saver(G)

OR

2) HDFC TaxSaver(G)

OR

3) Sundaram Tax Saver

Can Robeco Equity tax saver is a multicap offering (50%Mid - 50%Large caps in recent months). It's recent (2+ years) performance is good.

HDFC TaxSaver is tilted towards mid cap stocks. It's good fund too.

Sundaram Tax Saver has good long term record. It's approach is large cap investment.