Best ELSS (Equity Linked Savings Scheme) - II

[crazyfutu]

Re: Suggestions on ELSS...plsssssss

I have invested 8K each in Sundaram BNP Paribas and Kotak Tax saver ..
Both have 3 yrs lock in period ..Can I expect a good return from these two?

I also want to invest in SBi Magnum ...But now it has been closed..Is there any chane to invest in it in near future?

 

[life2007]

Re: Suggestions on ELSS...plsssssss

I am not sure if this news is correct. I myself invested 8K in SBI Magnum Tax Gain on 21st of January.

I also want to invest in SBi Magnum ...But now it has been closed..Is there any chane to invest in it in near future?

 

[magnet]

Re: Suggestions on ELSS...plsssssss

who told sbi magnum is closed as far as i know its an open ended fund..so it cant be closed.....

someone please let us know

 

[goni]

Re: Suggestions on ELSS...plsssssss

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.

 

[magnet]

2 more elss suggestion....

Well my tax planing is almost over just need to put 16k in 2 elss more

Hav already invested in sbi magnum tax gain,principal personal tax saver and dsp meriyll...what do u guys suggest in which i should invest.??
This time looking for 1 growth and 1 payout option fund

Have zeroed on sundaram bnp and birla tax releif 96 ...any suggestion further

 

[Vicky78]

Re: 2 more elss suggestion....

Dont add too many tax savings funds. Invest the remaining 16 K in your existing schemes. More funds added will dilute returns and your portfolio will start resembling a broad index.

 

[akpinku]

hi, in my openion SBI MAGNUM TAXGAIN IS BEST, I am investing since 2006 and got 23% return in 2007 and approx 19% this year. Their process is also very simple. u open an account with any SBI brand and take Internet Banking facility, which is free of cost. then visiting sbimf.com u can invest directly where no entry load charged.

 

[magnet]

already have 20k in sbi magnum....10k in dsp 12k principal personal tax saver and 10k in hdfc tax growth ...now which u ppl suggest???i dont mind entry load as my broker send a detail portfolio watch via mail where i can see the performance plus and all no need to track it at all jus cleick open view for 10 seconds and then forget (gets digital proof also what i hold and all_)

 

[Vicky78]

Pick 2 funds and split your money.
from your list you can avoid HDFC taxsaver. its has a pathetic two year performance. Magnum Tax gain is good pick.
If you really have the stomach to take high risk go for principal personal tax saver.

 

[indngr]

Re: Suggestions on ELSS...plsssssss

Hey...16 people have viewed it n jst 1 reply ??????
Hey folks....plss pour in ur opinion.....Pls give me a suggestion.............

Diverify your ELSS portfolio (AMC wise as well as Cap wise) -

Multi cap -
SBI Magnum Tax gain
Sundaram BNP Paribas Tax Saver

Large cap -
HDFC Tax Saver

Mid Cap -
Principal Tax savings (Don't go for Principal Pesonal Tax saver as its too risky)
ELSS from Birla AMC