Top 3 Tax saving Mutual Funds

POSTED BY Amit Kumar Singh ON April 17, 2012 6:16 pm COMMENTS (7)

Could you please suggest top 3 ELSS mutual funds for investment of 10 years?

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7 replies on this article “Top 3 Tax saving Mutual Funds”

  1. Dear Amit, May I know the reason of investing in 3 tax saving funds? Out of the total available limit of 1L Rs. under section 80C, how much money ‘ll you going to invest in Tax saving funds & how much in other options like PF, PPF, Life Insurance……….?

    Please clarify.

    Thanks

    Ashal

    1. Amit Kumar Singh says:

      Dear Asal,
      I am not going to invest in 3 tax saving funds. I will invest in only one. I have asked for 3 top mfs because out of these 3, I will decide to invest in one.
      So far as break up of my 1L investment in various tax saving instruments is concerned, it is as follows:

      1. Life Insurance : Rs. 25000
      2. Mutual Funds : Rs. 20000
      3. EPF : Rs. 45000
      4. Fixed deposit : Rs. 10000

      Thanks
      Amit

      1. Dear Amit, please invest in HDFC Tax saver with 2K SIP.

        Thanks

        Ashal

  2. Ramesh says:

    Why 3?

    And no, you need not put your money for 10 years in ELSS.

    1. Amit Kumar Singh says:

      I know that locking period is 3 years only. But I will remain invested if there will be better return in long term.

      1. Ramesh says:

        Why don’t you choose one, and ask us, if that is good or not?

        I will go for Franklin’s tax saver fund.

        1. Amit Kumar Singh says:

          Thanks

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