Thursday, May 20, 2010

Top Best 10 ELSS as of today as per last 5 years performance

1.Tax Saver Funds:Also known as ELSS Equity Linked Saving Schemes
Give High return as Compared to other tax Saving Instruments .very useful For saving money
also.they are market Linked meaning These is always risk associated with these instruments .best for those who are starting their carrier and /or below 40 as these investors can hold for long time
Top Best 10 ELSS as of today as per last 5 years performance
Mutual Fund Scheme Asset(Rs. cr.) 5 yr Return
Can Robeco Eqty TaxSaver (G) 116.79 234.8
SBI Magnum Tax Gain (G) 5297.39 233.9
Sundaram Tax Saver (G) 1219.69 212.1
HDFC Tax Saver (G) 2201.8 208.6
Sahara Taxgain (G) 8.77 199.1
Franklin India Tax Shield (G) 729.6 174.9
ICICI Pru Tax Plan (G) 1043.51 169.7
Birla SL Tax Relief 96 (D) 1220.07 153.2
HDFC Long Term Advantage (G) 862.18 151.5

2.ULIPS are essential Insurance schemes so not recomended for tax savings.They have high charges and they are not suitable for tax planning only.

3.PPF as well as PF is good option for those who want Safety First.

4.Post office term Deposits,Bank Deposits ( Lock in Period 5 years +) and NSC are other options

Best Options are ELSS and PF/PPF.if you are willing to take risk for more gains Go for ELSS otherwise go for PF/PPF

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