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Tax saving Mutual Funds

Hi,

I have narrowed down two tax saving mutuals funds to invest in

1) axis long term equity fund

2) canara robeco equity tax saver

Basically these have been rated as rank 1 by crisil. Could you please suggest if these are good MFs to invest in. Are there any better Tax saving MFs to invest in?

Is it better to invest in MFs with low NAV (both have these have low NAV) or in MFs with big NAVs (HDFC tax saver NAV is quite high). Will the percentage return depend on the NAV? MF with small NAV will be more influenced by market fluctuations?

Also could you tell me if I have to consider other parameters as well before investing.

Are there any hidden costs that I should look out for?

Which would be better option for these MFs, dividend or growth.

Also could you tell me if I have to consider other parameters as well before investing.

Sorry for asking so many questions.

Thanks in advance,

Chandan

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