Sunday, January 11, 2009

which is the Good ELSS to invest right now.

One investor was is doubt as which is the Good ELSS to invest right now.
My reply was :
Do not go for Magnum Tax Gain. Its fund corpus is bloated., and it may struggle to give even Benchmark returns.
You can definitely consider investing in DWS Tax Saving Fund. It gives free Life Insurance 5 times your investment (5 lakhs maximum). Not just for the insurance factor, but also because it has been a top performer since inception. and more importantly, all the funds from the DWS stable have been performing well, which is a comforting factor.
You can also consider investing in Birla Sunlife Tax Relief 96 which too has been a consistent performer and a good track record over two bear phases.
Best of luck,
Srikanth Shankar Matrubai

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