Hi Manish,
It’s time of year, when everybody starts looking for tax saving measures.
I want to invest in mutual funds. I did slight check. Here’s what I found.
My focus is on investing in mid-cap fund for a period of 10yr+
Non-tax saving top10 midcapFund 1yr 3yr 5yr Return as per valueresearchonline.com
|
Bitmap
|
32.7 |
9.64 |
28.3 |
|
|
18.6 |
2.94 |
23 |
|
|
Reliance Growth |
18.8 |
2.27 |
21.7 |
|
|
Birla Sun Life Mid Cap Plan A |
17.1 |
2.32 |
20.4 |
|
|
27.2 |
11.5 |
19.5 |
|
|
Sundaram S.M.I.L.E. Reg |
8.93 |
1.13 |
19.2 |
|
|
ING Dividend Yield |
28.9 |
10.1 |
18.7 |
|
|
Birla Sun Life Dividend Yield Plus |
28.4 |
12.1 |
18.6 |
|
|
31 |
5.54 |
18 |
|
|
Sahara Mid-Cap Fund |
26.7 |
2.99 |
17.4 |
|
|
Average return of top10 funds |
23.8 |
6.05 |
20.5 |
ELSS fund 1yr 3yr 5yr Return
|
24.47 |
7.99 |
22.5 |
|
|
20.95 |
5.24 |
18.9 |
|
|
Sundaram Taxsaver |
11.65 |
0.34 |
18.4 |
|
|
HDFC Taxsaver |
26.66 |
6.44 |
17.6 |
|
|
23.76 |
3.84 |
17.4 |
|
|
Principal Personal Tax Saver |
16.88 |
-4.8 |
16.5 |
|
|
Birla Sun Life Tax Relief 96 |
12.63 |
-4.77 |
16.4 |
|
|
Magnum Taxgain |
12.7 |
-2.06 |
16.2 |
|
|
15.89 |
-0.95 |
15.7 |
|
|
Reliance Tax Saver |
24.78 |
2.29 |
15.3 |
|
|
Average return of top10 funds |
19.037 |
1.356 |
17.5 |
Now, say if I’d have invested 1lac in ELSS and 1lac in mid-cap fund five yrs back.
Then Now Formula used…A=P (1+r/100) ^n
|
Equity 100000 -@20.4 average |
253007 |
|
ELSS 100000 -@17.5 average |
223970 |
Difference both of there return is of 30K. Now, my question, is it better to invest in ELSS and save 20K than to put money in pure equity fund…for first 1lac of investment which helps in saving tax?
Regards
Yogesh Tiwari