Hi All,
I am looking to invest in Tax Saving Mutual Funds. As I am new investor, could you please help me -
Which Tax Saving Mutual Funds are good?
Tax Saving Mutual Funds
Hi All,
I am looking to invest in Tax Saving Mutual Funds. As I am new investor, could you please help me -
Which Tax Saving Mutual Funds are good?
I think you may choose between -
1.Magnum Taxgain
2.Principal Tax Savings Fund
3.Birla Tax Relief
The principal Tax Savings is a small cap dominated fund so it comes with high risk and high volatility but has a potential to deliver high returns.
So choose one and invest regularly through SIPs rather than One time Lump sum Investment.
According to me, good tax savings funds are -
- Birla tax saver,
- Sbi magnum tax gain,
- ICICI prudential tax saver.
In order to get a Loan, you first need to prove that you don't need it.
DSP ML Tax savings Fund is also a good tax saving fund. Though has given very good return but has also fallen to a large extent in the current market fall. It is a comparitively new fund.
I think the funds mentioned above are better.
Also add Principal Tax Savers Fund. Think about Sundaram Tax saver fund also.
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Few good Tax savers are -Originally Posted by Matrix
Sundaram Tax saver
Birla Tax plan
Principal Personal tax saver
SBI Magnum tax gain
I suggest 1) SBI mutual fund 2) ICICI Direct 3) Taurus Mutual fund
ICICI Direct is online trading website, not an ELSS.
Thanks for pulling up a 2 year old thread.
Just a note.This is final year for elss to be counted as tax deduction.
If my opinion is considered, i would suggest you to go for SBI Magnum TaxGain. Choosing a government firm is wise. As far as safety is concerned, you can rest assure.
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