Its almost 2009 and we would have already started preparing the papers for the income tax filing for year 2008-2009 and so we will be looking for the ELSS funds to invest , I’m already getting mails from so many of you asking which ELSS fund to invest , What I have done here is I have gone over various mutual fund site and have come with the pick of may be 35 ELSS Funds.
They are graded based on the following
1.How old they are
2.What was the return over a year – Sorry everything will be negative only as you know how the market was.
3.Risk Involved
4.How much expenses is involved to acquire the ELSS Fund.
Disclaimer
We dont hold any of this Fund and im not recommending any fund in particular you decide it and have given links to various Fund information here so do your match and invest wisely.
ELSS Fund Details.
| Fund Name | Launch Date |
Rank |
Risk |
Return |
Return % for 1 year |
Expense |
|
Magnum Taxgain |
Mar-93 |
5 |
Below |
High |
-55.63 |
2.5 |
|
Sundaram BNP Paribas |
Nov-99 |
5 |
Below |
High |
-48.62 |
2.24 |
|
Canara Robeco Equity |
Mar-93 |
4 |
Avg. |
Above |
-47.76 |
2.5 |
|
Franklin India Taxshield |
Apr-99 |
4 |
Low |
Above |
-50.14 |
2.24 |
|
HDFC Taxsaver |
Mar-96 |
4 |
Below |
Above |
-52.48 |
1.98 |
|
Principal Personal Tax Saver |
Mar-96 |
4 |
Above |
Above |
-61.65 |
2.3 |
|
Sahara Tax Gain |
Mar-97 |
4 |
Avg. |
Above |
-49.44 |
2.5 |
|
Birla Sun Life Tax Plan |
Feb-99 |
3 |
Avg. |
Avg. |
-57.2 |
2.44 |
|
Birla Sun Life Tax Relief 96 |
Mar-96 |
3 |
Above |
Avg. |
-63.4 |
2.21 |
|
HDFC LT Advantage |
Dec-00 |
3 |
Low |
Avg. |
-52.68 |
2.15 |
|
Principal Tax Savings |
Mar-96 |
3 |
Above |
Avg. |
-65.06 |
2.35 |
|
Tata Tax Saving |
Mar-96 |
3 |
Avg. |
Avg. |
-54.95 |
1.16 |
|
Taurus Tax Shield |
Mar-96 |
3 |
High |
Avg. |
-54.17 |
2.49 |
|
UTI Equity Tax Savings |
Dec-99 |
3 |
Below |
Below |
-55.02 |
2.33 |
|
Baroda Pioneer ELSS 96 |
Mar-96 |
2 |
Avg. |
Below |
-57.13 |
1.69 |
|
ICICI Prudential Tax Plan |
Aug-99 |
2 |
Above |
Avg. |
-56.34 |
2.1 |
|
Kotak Tax Saver |
Oct-05 |
2 |
Above |
Below |
-59.28 |
2.3 |
|
LICMF Tax Plan |
Mar-97 |
2 |
Avg. |
Below |
-57.23 |
1.26 |
|
Reliance Tax Saver |
Aug-05 |
2 |
Below |
Below |
-53.14 |
1.91 |
|
DBS Chola Tax Saver |
Oct-05 |
1 |
Avg. |
Low |
-58.77 |
2.49 |
|
ING Tax Savings |
Mar-04 |
1 |
High |
Low |
-64.95 |
2.5 |
|
DSPBR Tax Saver |
Dec-06 |
– |
– |
-55.64 |
2.23 |
|
|
DWS Tax Saving |
Feb-06 |
– |
– |
-57.66 |
2.25 |
|
|
Escorts Tax Plan |
Mar-00 |
– |
– |
-59.18 |
2.5 |
|
|
Fidelity Tax Advantage |
Jan-06 |
– |
– |
-50.34 |
2.06 |
|
|
Fortis Tax Advantage Plan |
Dec-05 |
– |
– |
-65.46 |
2.44 |
|
|
Franklin India Index Tax |
Feb-01 |
– |
– |
-52.56 |
1.5 |
|
|
HSBC Tax Saver Equity |
Dec-06 |
– |
– |
-52.1 |
2.36 |
|
|
Lotus India Tax Plan |
Dec-06 |
– |
– |
-48.73 |
2.5 |
