Top 10 Tax Saving Mutual Funds (ELSS) : Equity Linked Tax Planning

by khalid on 18/12/2010 · 1 comment

Most of the guys invest as per their tax liabilities and even at the end of financial year which is not good. We should spread our tax saving investment from the beginning of the year and ELSS ( Equity Linked Saving Schemes ) Funds should be our first priority. ELSS is a great instrument for tax planning which also ensures decent returns.

Investment in ELSS (Equity Linked Saving Schemes) come under the Section 80C of Income Tax Act. These funds come with 3 years of lock in period and are the only tax saving instruments which are Equity Linked. You can invest your entire Rs 1,00,000 limit in these funds but as they are equity linked, so risk is high than other instruments like LIC, PPF, NSC etc of section 80C options so be cautious and try to make a balance between them.

Here is a list of Top 10 best ELSS Equity Tax Planning Mutual Funds on Basis of 1 year performance :-

RankFund NameReturns (%) in Last 1 year
1.HDFC LT Advantage 29.17
2.Fidelity Tax Advantage 28.99
3.Quantum Tax Saving 27.76
4.HDFC Taxsaver 26.66
5.ING Tax Savings 26.54
6.Religare Tax Plan 24.9
7.Reliance Tax Saver 24.78
8.Canara Robeco Equity Tax Saver 24.47
9.JP Morgan India Tax Advantage24.43
10.ICICI Prudential Tax Plan 24.37
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