Thursday, January 3, 2008

Top 4 ELSS Funds for tax savings

Principal Personal Tax Saver

  • NAV : Rs. 138.08
  • 3 Year Returns : 51.11%
  • 1 Year Returns : 85.54%
Sundaram BNP Paribas Tax Saver(G)
  • NAV : Rs. 47.30
  • 3 Year Returns : 52.89%
  • 1 Year Returns : 67.57%
Fidelity Tax Advantage Fund - Growth
  • NAV : Rs. 19.64
  • 3 Year Returns : N/A
  • 1 Year Returns : 57.65%

HDFC Tax Saver

  • NAV : Rs. 86.50
  • 3 Year Returns : 48.70%
  • 1 Year Returns : 38.71%

After going through the above analysis, Investment - Snakes & Ladder is of the view that a prudent Investor should put his money in Principal Taxgain and Sundaram BNP Paribas Tax Saver(G) Fund. For those who do not want liquidity at regular intervals, Growth option would be good. For those, who want regular tax free returns in their hands, choose the Dividend Payout Option.

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