ELSS & avail IT benefit u/s.80-C

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Tax Planning is not for fag end of the financial year. Better start right now & invest in MF Equity Linked Savings Schemes.

 

By starting now, you can invest in a systematic manner ( SIP ) which brings down your risk further. Current cheap valuations provides a great opportunity to you in accumulating more units at a lower NAV.

•  Investment up to Rs.1 lac is eligible for tax benefit of up to Rs.30,900 u/s 80-C.
•  Dividend received, if any will be tax free.
•  Capital Gains, if any also will be tax free.

Providing you with the list of popular ELSS :

Fund Name	Launch Date	NAV as on 01/06/2012(Rs.)	Return for Lumpsum Investment		Value Research Rating
			3 years	Since inception
Canara Robeco Equity Tax Saver	Feb – 09	24.34	11.66	14.34	*****
Fidelity Tax Advantage	Jan – 06	19.52	11.53	11.28	****
Franklin India Taxshield	Apr – 99	198.04	11.67	25.48	****
HDFC Taxsaver	Mar – 96	203.86	11.90	29.67	****
ICICI Prudential Tax Plan	Aug – 99	127.01	13.74	21.98	****
Reliance Tax Saver	Aug – 05	19.99	12.05	10.89	****
Religare Tax Plan	Dec – 06	16.01	12.20	9.06	*****
1. Return as a % as on 01.06.2012	2. Returns for more than one year are annualized			3. Details Pertains to Growth Option