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Title : Suggest schemes for ELSS investment.

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Posted by: Meghna Saraogi
Category: Mutual Funds
Type: ELSS
Opinion: Buy

24-12-2008 12:45

I want to make investments under section 80C, please suggest some good tax saving funds. Also want to start SIP in addition to lump-sum so need advice on SIP in ELSS scheme too.

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Replies: 7   │   Visits: 2196    │   Rating:      35   

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Reply By Arihant:             Reported Abuse:       
 

Posted by: Arihant Expert

24-12-2008 15:15

Re: Suggest schemes for ELSS investment.

You can consider the following ELSS schemes for investment based on their track record, low expense ratio, long term record in the market and risk-reward ratio: SBI Magnum Taxgain Scheme, Birla Sunlife Tax Relief Fund and HDFC Taxsaver Fund. For SIP also you could pick two of these schemes. You can contact our Mutual Fund Desk at mutualfund@arihantcapital.com for investments.

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Posted by: Sankalp Singh

05-01-2010 18:59

Re: Re: Suggest schemes for ELSS investment.

how is sundaram tax scheme for investment???

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Posted by: Rajesh Damani

07-01-2009 16:03

Re: Suggest schemes for ELSS investment.

yah Birla and SBI are good schemes

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Posted by: gfdffdfgf fdgdfdd

15-01-2009 10:23

Re: Suggest schemes for ELSS investment.

Sundaram BNP Tax Saver Fund is also very good. It has a good long-term track record in delivering impressive returns and ability to contain downsides. In the downside the fund also holds considerable amount of cash, which is a very good strategy. SBI Magnum is also good as suggested.

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Posted by: gfdffdfgf fdgdfdd

15-01-2009 10:29

Re: Re: Suggest schemes for ELSS investment.

Put SIP of Sundaram and Magnum

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Posted by: Pratik Agrawal

20-01-2009 17:32

Re: Suggest schemes for ELSS investment.

make sure u invest in good companies. some of the elss schemes have generated 60% loss in last 1-yr. ALSO consider investing in safer option like PPF or NABARD rural Bond for tax saving under 80 C

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Posted by: saurabh shah

23-02-2010 13:22

Re: Suggest schemes for ELSS investment.

religare tax fund has done very well, the fund has surpassed all the funds in its category and performed best.over a 3 years it has given 15.1% CAGR return. The fund performed well in the falling markets of 2008, and rising markets of 2009 despite having high exposure of mid cap companies. Religare Tax Plan's fund manager, Mr Vetri Subramanium also has a good track record and has managed the fund well. Consider this fund for SIP investment or even your lump sum tax investment.

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