TAX SAVING under 80(c) with the BEST MUTUAL FUNDs

Equity Linked Savings Schemes (ELSS) are equity oriented mutual fund schemes where investors are given tax benefits to encourage them to invest in equity markets. Investors in these schemes get the dual benefits of tax savings and an opportunity to earn higher returns. ELSS funds power pack these benefits with a lock-in period as low as 3 years. They also provide substantially higher returns than traditional tax saving products like NSC and PPF. As per Section 80C of the Income Tax Act, investments upto Rs 1 lakh in ELSS is eligible for deduction from an individual’s taxable income. Investors in the highest tax bracket can save upto Rs.30,900 every year by investing in these schemes. 

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In the ELSS space, few schemes like Can Robeco Equity Taxsaver, Fidelity Tax Advantage and HDFC Taxsaver have proved to be consistent performers since their launch. The fact that these funds have comfortably managed to outperform their peers in the same category as well as their benchmark stands testimony to their impeccable track record. These funds have demonstrated a unique ability to race ahead of their peers when the markets are in an uptrend and contain the downside when market conditions turn sluggish. The lock-in period of 3 years also gives sufficient time for the value unlocking of mid and small cap stocks and gives the fund manager the flexibility to make strategic long term investments in a diversified portfolio chosen after careful fundamental research.

Fund Performance Snapshot - Annualised Returns .

		Top TAX Saving Mutual Fund (ELSS)
S. No.	Scheme Name	Rating	NAV	1 Yr	3 Yrs	5 Yrs	Since Inception
1	Canara Robeco Eqt Tax Saver-G	* * * * *	18.90	20.47	11.61	10.00	14.97
2	ICICI Prudential Tax Plan-G	* * * * *	233.50	15.85	9.02	5.57	30.03
3	Franklin India Taxshield-G	* * *	227.49	17.86	11.90	6.54	26.05
3	HDFC Long Term Advantage-G	* * * *	143.53	18.99	10.16	5.47	25.41
	*Annualised Returns As On 8th Oct 2012

The time is now right for investors to concentrate on their investments from a tax planning perspective. Risk averse investors can also adopt the staggered route to investments by choosing the systematic transfer plan. Please contact the undersigned for further details.

Kindly let us know your interest in the proposal by calling or alternately you can send a return mail request to contact you.