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Investment Yogi : Offers a comprehensive list of the Best Tax Saving Mutual Funds Online in 2010
in India.
ELSS, popularly known as Tax Saving Mutual Fund, is a category of Mutual Fund where a major portion is
invested in Equity & Equity related instruments. An investment up to 1 lakh is exempted from income under
section 80C, but there is a lock in of 3 years before you can withdraw. However, there is no upper limit on
investments and long term capital appreciations are tax free. Dividends received are also tax free in the hands of the investor.
ELSS is a great instrument for tax planning which also ensures good returns. But investment should be carefully planned and you
should devote sufficient time in selecting the right fund.
Types of ELSS
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1. Growth: Investor does not get any income during the tenure of the investment. He will get a lump sum amount at the time of
redemption or on maturity.
2. Dividend: Investor gets a dividend from the fund house. He has two options:
In most funds you have Growth as well as Dividend options which you can choose depending upon your priorities.
Best Funds
A good track record is no guarantee for future performance. You should also look at some quantitative measures to evaluate which
fund is good for you.
Expense Ratio: Denotes the annual expenses of the funds, including the management fee, and administrative cost. Lower expense
ratio is better.
Sharpe Ratio: An indicator of whether an investment's return is due to smart investing decisions or a result of excess risk. Higher
Sharpe Ratio is better.
Alpha Ratio: Measures risk relative to the market or benchmark index. For investors, the more positive an alpha is, the better it is.
R-squared: Measures the percentage of an investment's movement that are attributable to movements in its benchmark index. A
mutual fund should have a balance in R-square and ideally it should not be more than 90 and less than 80.
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Choice depends upon your risk profile and priorities. You should make an investment decision based on overall financial planning.
Large Cap Funds: These funds mostly invest in the large cap companies. While this may mean muted returns when the markets are
rising, it also may mean a limited downside when the going gets tough. Franklin India Tax shield and SBI Magnum Tax gain are a
few examples of this type of fund.
Growth Funds: These Funds have about 30% exposure to mid-caps, 10% to small-caps & the rest in large caps in its portfolio.
Hence, it may give a higher return in rising markets. Sundaram BNP Paribas Tax saver is a good option in this category.
Mid-cap Funds: No pain, no gain. These funds have a sizeable exposure to mid-caps and small-caps. This aggressive investment
style can pay rich rewards. Sahara Tax Gain and HDFC Taxsaver are good examples of a fund in this class.
Small Cap Funds: Small-cap stocks can act like performance enhancing drugs. In the above discussed types, the maximum
allocation to small-caps is 12%. However, Taurus Tax shield has invested almost 30% in this high-risk zone. This can be very
rewarding when the going is good, but a dream run can easily become a nightmare. Taurus Tax shield has given 98.01% returns in
last 1 year.
Conclusion
You should do sufficient analysis before taking investment decisions. It should be guided by your overall financial situation, goals
and risk profile. A Financial Plan is recommended before making investment decisions. SIP (Systematic Investment Plan) for a long
time horizon is the most recommended way to invest in equity funds. You should avoid lump sum investments especially when the
market is on a high.
Create your FREE Financial plan before making investment decisions. Click on Start for FREE.
RELATED STORIES:
Section 80C
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Investment Yogi : Learn How to invest in Mutual Funds Online in India. A mutual fund investment strategy for today's
economy.
Comments
Sumi said:
I really find this website good for understanding finance. I read most of the article written by Surya, and i feel he
writes things in a very easy english which can be understood by any common person.
Guest said:
Written quite well. Just that same thing is explained in a more lucid manner at www.valueresearchonline.com
@Guest: With due respect I find ValueResearch full of clutter, especially the home page. This article explains the
same things in a much simpler way.
I guess you are trying to promote Value Research. Do you really need to? The author himself has mentioned Value
research as the source.
Salil said:
This simple english & proper explaination helps me take up my inventment planning seriously. Thankyou so much.
Vikram said:
Simple & concise. The best site I have seen for Personal Finance.
4 of 10 1/10/2011 7:51 AM
Best Tax Saving Mutual Funds 2010 India | Mutual Funds Online | Mutua... http://www.investmentyogi.com/taxes/best-tax-saving-mutual-funds-for...
I have recently invested in UTI Tax Saving Mutual Funds, after reading about UTI's performance & being most
favored by investors - Source The Telegraph. www.telegraphindia.com/.../story_11968236.jsp
Ramesh said:
agni said:
tanweer said:
Harip R K said:
Well written articles. But from where can I get data on all the ratios and alphas for different funds so that I can
evaluate funds in future based on these criteria
the terms and plans are explained in a lucid manner.Pl guide best mutual funds to invest on monthly basis and tax
free.
Yogi said:
@Harip @Sunil:
You can click on our Mutual Fund tab and search for the Fund you are looking for. Click on the fund name and you
will find these ratios under the details
Hope it helps!
@Tanveer: Although the fund mentioned by you has a good track record but you should see your risk profile and
investment objective before taking that call.
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Best Tax Saving Mutual Funds 2010 India | Mutual Funds Online | Mutua... http://www.investmentyogi.com/taxes/best-tax-saving-mutual-funds-for...
A highly informative article written in short but sweet . thank you very much for the prompt reply.Can you please
suggest any agent in and around Girinagar,Bangalore560085 for investment.
A highly informative article written in short but sweet . thank you very much for the prompt reply.Can you please
suggest any agent in and around Girinagar,Bangalore560085 for investment.
A highly informative article written in short but sweet . thank you very much for the prompt reply.Can you please
suggest any agent in and around Girinagar,Bangalore560085 for investment.
G Dutt said:
I wish to invest about 11,000 for 80c tax saving. Please advise best fund. gdutts@rediffmail.com
premlal said:
the information presented is quite useful, as many of us are unaware of investments other than banks, insurance, etc.
Bhadru G said:
I Really Happy this website good for understanding iNVESTMENT aREA, I appriciate this web site in providing
financial information and very nice information in investment area. So i THANK YOU SO MUCH.
iTS GREAT,IT HELP PEOPLE TO GET A CONCRETE PICTURE ABOUT BEST PERFORMING FUNDS IN
INDIA.
Swetha said:
hi,
I have invested in Sundaram BNP tax saver under the dividend pay out investment option. Can i change the
investment option to growth now?
anil said:
It is a fantastic site to understand the basics of investment in a very simple and convincing language.It also helps in
understanding some very important termiloogy in the simplest words.It is definitely a good sight for investment.
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please tell me should i quit from LIC ULIP money plus plan or i continue the plan for 5 year because i already paid
for 4 year.
please suggest.
tony said:
Hi, I often visit your site for information. This let me to create another blog which gives a full list of all available
mutual funds in one page with it's daily NAV. I update this list DAILY with some outsource help from INDIA.
Your blog give a detail analysis and my blog provides a simple full list of offered mutual funds in specific
currency(INR, SGD etc.) I was wondering if I could link specific schemes to your specific blog posts for details.
Tony Parera
Manthenanil said:
Thanks for keeping us update on the things going at mutual funds end by providing such valuable information.
Maheshwar said:
My gross income is around 12 lakh per anum. Under 80 C, approximately Rs. 70000/- and Rs. 60000 is deducted for
EPF and Post Retirments Schemes. In addition I invest Rs. 36000/- in PPF and Rs. 67000 in two different LIC
policies.
I wish to invest in two of ELSS among Canara Robeco Equity Tax Saver, HDFC Tax Saver, Birla Sun life Tax relief
and Magnum tax gain etc, as I don't want to keep in money in my savings acount, which gives 3.5% interest. Since
there is no advatange from exemption 80 c point of view, shall I go for ELSS ?
chirag said:
PRAKASARAO said:
sir,
i am in job. i want to purchase mutual funds for Rs.25000 to invest for saving tax for
7 of 10 1/10/2011 7:51 AM
Best Tax Saving Mutual Funds 2010 India | Mutual Funds Online | Mutua... http://www.investmentyogi.com/taxes/best-tax-saving-mutual-funds-for...
plz guide me, which mutual funds i can invest to get good returns.
thanks
sandeep
For the best mutual funds as of date you should go to www.investmentyogi.com/.../default.aspx and check for
yourself. It has the latest details about the funds in India. There are also articles on how to select best performing
mutual funds
I am in job. i want to purchase mutual funds for Rs.35000 to invest for saving tax for
plz guide me, which mutual funds i can invest to get good returns.
thanks
AMIT KUMAR
sudhakar said:
i havr question . i have tax gain mutual fund and i want do sip now on this mutual fund could u tell me whether i can
claim tax for year 2010
Babu said:
Is LIC Endowment plus the best for money invest for high growth achievement?
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