Best ELSS(Tax saving mutual funds)

[Vicky78]

Re: Need suggestions in choosing Tax Saving MF

My pick would be Birla Sunlife Tax Relief 96 or Fidelity Tax Advantage.

Though these 2 funds do not have much history to boast off, both have a good one year performance and have maintained a large cap bias in thier portfolio. Given that there is a lock in period of three year period, I would be concerned if my tax saving mf has a large exposure to mid/small caps.

If you do not mind taking the risk, you could go for star performers like Magnum Tax gain, HDFC Taxsaver or Birla Equity Plan.

 

[prasathvishnu]

Re: Need suggestions in choosing Tax Saving MF

Hi Vicky,

Thanks for your suggestion. I have planned to replace the ICICI TaxSaver with Fidelity Tax Advantage in my MF portfolio.

I would welcome any suggestions from you ppl.

Planned Porftfolio:

HDFC LT - 2000
Fidelity - 1500
Franklin - 1500

Regards,
Vishnu Prasath

 

[ranj_2k]

Re: Need suggestions in choosing Tax Saving MF

Dear Vishnu,

I would suggest as follows which I also invested:

1. Franklin Tax gain 1000
2. Magnum Tax gain 1000
3. HDFC LT 1000
4. Birla Sunlife 1000
5. Fidelity Tax 1000

 

[crazyfutu]

Tax Saving Mutual Fund

Hi This is Abhik..I have joined this community few days ago..
I want to invest in any tax saving mutual fund..
Plz suggest me.. and also give their web site info ..

 

[johnbest]

Re: Tax Saving Mutual Fund

dear

Following are the tax saving funds:
SBI Magnum taxgain
ICICI Pru. Tax Plan
HDFC Taxsaver
Sundaram Tax saver

This link would help you to select the best fund
http://www.valueresearchonline.com/...ve=20&seleview=performance&field=10&sort=desc

have a nice day
JB

 

[crazyfutu]

Re: Tax Saving Mutual Fund

Thanks John for ur info..actually I want invest like 2000/- per month...Is SBI Magnum stable fund ?

 

[crazyfutu]

Daksh..r u in kolkata? Can I call U?

 

[crazyfutu]

Re: Tax Saving Mutual Fund

>Two more thing I want to clarrify...Suppose I invest 2000/month and after 3 yrs it become 72000/- . If I close the scheme i.e I took all amount ... after 3 yrs.. then which amount is tax free .. only the interest or whole amount or only principal...

> Is it a close ended scheme.?

 

[johnbest]

Re: Tax Saving Mutual Fund

Thanks John for ur info..actually I want invest like 2000/- per month...Is SBI Magnum stable fund ?

dear

As the ELSS fund have a lock-in period of 3 yrs, most fund manager
invests in Smallcap and Midcap companies. Second thing, as MFs are linked
to Equity market there is always a risk involved (SIP minimizes/averages the risk).

About SBI Magnum, after there star fund manager left, SBI funds are not performing well compared to others....I would suggest you to go for HDFC Taxsaver.....or others like Sundaram, Principal etc....

Or you can do onething, if impressed by SBI's past return, invest 1000 there and 1000 with other fund....

have a nice day
JB

 

[MFadvisor]

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