POSTED BY February 25, 2008 COMMENTS (11)ON
All Tax Saving Mutual funds are not the same !!!
This post targets those who already know ELSS or Taxsaver mutual funds. But many people do not know that not all ELSS are the 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 heavily bet on Large Companies, which are more safe then mid-cap or small-cap stocks.
A person who wants to invest in ELSS shall not put money in just 1 ELSS, but 2-3 different ELSS. Again Putting all money in the same type of ELSS is not good, as they will be of the 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 their category:
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 Tax gain
I would be happy to read your comments or disagreement on any topic. Please leave a comment.
Jagoinvestor is an initiative towards creating happy investors who take prudent and right financial decisions in their life.
Here is the list of some of our best content.