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:-

2. Insurance Plans - ULIPs
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!!


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