Top3 Tax Saving Mutual Funds (ELSS) 2007

As it is investment season and people are desperate to save from that dreaded taxman and invest in instruments classified under Sec80c , here are my top 3 Tax Saving Mutual Funds.

For Mfs 2009 chk this post Top Tax Saving Mutual Funds (ELSS) 2009

SBI Magnum Taxgain

NAV : 52.63 (07/03/08)

RISK/ RETURN: low /high

EXPENSE RATIO 1.89

SBI Magnum Taxgain has managed to remain at No. 1 this year. With solid companies and an enviable track record this is the Mf to be in.

Top Holdings As on 29/02/08
Name of Holding % Net Assets
Reliance Industries 4.91
Larsen & Toubro 3.87
Welspun-Gujarat Stahl Rohren 3.78
Reliance Communications 3.17
HDFC 2.84


No. 2 HDFC Tax Saver

NAV : 157.131 (07/03/08)

RISK/ RETURN: below avg / above avg

EXPENSE RATIO 2.14
This fund has always been in the top 3 list and has a slightly higher risk profile.

Top Holdings As on 31/01/08
Name of Holding % Net Assets
ICICI Bank 7.18
Larsen & Toubro 6.02
I T C 5.65
Crompton Greaves 5.42
Reliance Industries 5.11


No. 3 HDFC Long term Advantage Fund

NAV : 52.63 (07/03/08)

RISK/ RETURN: low /high

EXPENSE RATIO 2.16

The LT advantage fund scores in terms of safety over the HDFC Taxsaver and is also a solid pick if u choose safety over returns.

Top Holdings As on 29/02/08
Name of Holding % Net Assets
ICICI Bank 6.36
Reliance Industries 5.82
Blue Star 5.64
SBI 4.49
Thermax 4.26
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About Prax

I blog , I trek , I make mistakes... After all im human.
This entry was posted in India, Investing, Mumbai, news, Random Thoughts, Reflections, tax. Bookmark the permalink.

4 Responses to Top3 Tax Saving Mutual Funds (ELSS) 2007

  1. mahendrap says:

    Hey you seem to be an astute investor!

    its easy to tell others
    im still trying to get my act together

  2. Rekhal Dalal says:

    give a latest nav

  3. Ketki Dalal says:

    yes it is good but we need latest nav i.e. nav as on today or yesterday

    if u want the latest nav go to the website of hdfc mutual fund or sbi mutual fund and check it out

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