Question : How to select best ELSS mutual fund for tax saving ?
These are mutual fund with the advantage of Tax saving upto Rs. 1Lakh. But there are so many funds - confusing.
- asked by angsu24s
All Answers:
Answer #1
About 15 days back one person asked same question,in which mutual fund to invest?. The below givenanswer was selected as the best answer." The bestaccording to past performance is Magnum Tax saverof SBI is at number 1 spot with highest return.Second in the run is HDFC's Tax Saver and thethird is ICICI Prudential. Choose the oneaccording to your wish but also see that wherethey invest in the market. Since it is a Long Terminvestment you take your decision after analysingthese three funds properly since there is 3 yearslock period on the investment in these fund."another answer was:" SBI & HDFC are in top. I amgiving you a web link. Go through carefully."
http://inhome.rediff.com/money/2006/may/... Reddy
- answered by Reddy
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