I compared ELSS (Equity Linked Saving Scheme) mutual funds on the basis of their AUM (assets under management) size and past performance in 6 months, 1 year, 2 years and 3 years.
Finally following funds were found to be good.
Canara Robeco Equity Tax Saver, Sundaram BNP Paribas Taxsaver, HDFC Taxsaver, SBI Magnum Tax Gain Scheme 93 – Dividend, Franklin India Taxshield – Growth, DSPBR Tax Saver, Fidelity Tax Advantage
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I am new to mutual fund. I am planning to invest in ELSS. is it a good option. can you suggest me few ELSS scheme for investing.
@Nithya
ELSS is meant for income tax saving purpose and has a 3 years lock-in period (during which you cannot sell the units).
Some of the good funds are Canara Robeco Equity Tax Saver, Sundaram BNP Paribas Taxsaver, HDFC Taxsaver, Franklin India Taxshield, DSPBR Tax Saver, Fidelity Tax Advantage and SBI Magnum Tax Gain Scheme.
i have already invested in HDFC top 200,monthly Rs 2000/- throhg SIP.And am also intrsted to invest in BSL frontline equity fund ,2000 and HDFC tax saver,2000 pm.Is it good choice..pls suggest
@Janaki
All of these are good funds.
thanx for the reply