Tuesday, March 5, 2013

Best Tax Savings Mutual Funds (ELSS) - FY 12-13

Its that time of the year again when all of us scramble to do tax planning. We have lot of options under Sec 80 C of the IT act to invest upto Rs 1,00,000 and save taxes on it. Some of the options under Sec 80C are as under:-

1. ELSS
2. Insurance Plans - ULIPs
3.PPF
4.PF and VPF( Voluntary Provident Fund)
5. Tax Saving FDs

There are quite a few other options as well like deduction on account of paying tuition fees for kids, housing loan deductions etc.

Out of the 5 options listed above, ELSS is my own favourite for following reasons:-
1. It has lock in period of just 3 years . This is lowest among all the options available.
2. It gives you equity exposure while PPF and FDs give only debt exposure.
3. Is more likely to give inflation adjusted positive returns .

So , if you are looking to invest in ELSS, following are the top ELSS schemes that you may consider.



Happy Investing!!

2 comments:

  1. This is the right site for anyone who wants to find out about this topic.
    You understand so much its almost hard to argue with you (not that
    I personally would want to…HaHa). You definitely put a new spin on a subject which
    has been discussed for a long time. Wonderful stuff, just wonderful!


    my site ... safe diets

    ReplyDelete
  2. Spot оn wіth this writе-uρ, I аbsοlutely belіeνe that this ѕite neеds a
    lot more attеntiοn. I'll probably be returning to read through more, thanks for the info!

    Look at my web site ... deca 300 steroids
    Also see my page: franco columbu steroids

    ReplyDelete