Sunday, March 22, 2009
SUGGEST BEST TAX SAVING FUNDS
I am looking to invest around 35-40k in MF to avail the tax saving as well.
searching the option around about now, i got SBI Magnum Tax Gain (Dividend), i can go with now.
could you please suggest some good investment now, looking the market scenario
Thanks & Regards
SRIKANTH SHANKAR MATRUBAI replied :
Mutual Funds are the best avenue for Tax Savings.
The Best ELSS/Tax Saving Fund is that which is not Baised towards any Sector or Theme and my Pick would be :
1. Birla Sunlife Tax Relief 96 Fund
2. DWS Tax Saving Fund
3. Fidelity Tax Advantage Fund
4. Franklin Tax Shield fund
5. Principal Personal Tax Saver
6. Sundaram Tax Saver
I am not in favour of SBI Magnum Tax Gain 93, which is everyone's favourite, mainly because of its bloated fund size.
My favourite in recent past has been DWS Tax Saving Fund, not only because of good performance since its inception but also because it offers Free Life Insurance upto 5 times your investment.
HDFC Tax Saver is also a good choice but keep in mind that it is a Mid-Cap Oriented Fund.
Franklin Tax Shield has not been performing very well since the last 2-3 years but due to its Focus on Large Caps, it should be a Good Performer going forward.
Best of luck,
Srikanth shankar matrubai,
Also visit http://equityadvise.blogspot.com for an indepth Equity Analysis
There is a huge bombardment of articles, posts, trolls on Mukesh Ambani's daughter. Its his money folks and he has every right to...
The show KAUN BANEGA CROREPATI fueled imagination of the India Public like never before. Everyone started dreaming of becoming a Crorepa...
Even though an Hindu, I keep reading Holy Books from other religions be it the Bible, the Quran, Holy Granth, etc And I...