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

1. ashal jauhari says:

   April 17, 2012 at 7:31 pm

   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

   Reply
   1. Amit Kumar Singh says:

      April 18, 2012 at 1:33 pm

      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

      Reply
      1. ashal jauhari says:

         April 18, 2012 at 5:06 pm

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

         Thanks

         Ashal

         Reply
2. Ramesh says:

   April 17, 2012 at 7:25 pm

   Why 3?

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

   Reply
   1. Amit Kumar Singh says:

      April 18, 2012 at 1:34 pm

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

      Reply
      1. Ramesh says:

         April 18, 2012 at 1:43 pm

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

         I will go for Franklin’s tax saver fund.

         Reply
         1. Amit Kumar Singh says:

            April 18, 2012 at 1:44 pm

            Thanks

            Reply

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