POSTED BY February 25, 2008 COMMENTS (11)ON
All Tax Saving Mutual funds are not same !!!
This post targets those who already know ELSS or Taxsaver mutual funds. But many people do not know that not all ELSS are same.
They might know that Tax saver funds are Diversified equity Mutual funds , yes they are !!! But still they can be differentiated in the category of :
These are the ELSS who bet more on small cap and mid cap stock, and hence have more return potential.
They heavely bet on Large Companies, which are more safe then mid cap or small cap stocks.
A person who want to invest in ELSS shall not put money in just 1 ELSS, but 2-3 different ELSS. Again Putting all money in same type of ELSS is not good, as they will be of same portfolio type ( i mean more stake in Huge companies and less in Mid and Small cap)
Rather, they shall put money in ELSS both types.
Let us see some top performing Mutual funds and there catagory:
1. Birla Equity Plan – D
2. DSPML Tax Saver -G
3. Principal Personal Tax Saver
1. HDFC Taxsaver
2. HDFC Long Term Advantage
3. SBI Magnum Taxgain
source : https://www.valueresearchonline.com
I would be happy to read your comments or disagreement on any topic. Please leave a comment.