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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.
Please do ur own research before u come to a decision and don’t blame me if they don’t perform according to ur expectations. Earning good returns is a tad bit tough with mutual funds, especially if ur entry is timed at a market peak and exit at a trough, and itsn’t as easy or as safe as Mr Chidambaram wants u to believe, especially if u have held a mf for 5 +yrs and seen a negative return on capital. Also note due to the market crash most mutual funds have lost loads of money on investments made during last 2 yrs and some have even lost more than half of the capital invested.* standard disclaimers apply.
NAV 22.56 EXPENSE RATIO 2.24
Fund has a good performance record for the last 2 years, has a good portfolio/sector mix and has come out as a leader in its class.
NAV 28.5 EXPENSE RATIO 2.5
One of the best Tax savings funds over the long term with a good pf and a consistent track record but a slightly higher expense ratio than the market.
NAV 94.68 EXPENSE RATIO 2.24
Fund is slightly more risky and does not have a consistant performance but has performed better than its peers in the current downturn.
NAV 90.95 EXPENSE RATIO 1.98
This is also a relatively good performer but has been hit by the current downturn.
Also watch out for DSPML Tax
Words of caution
Please note that investing in equity or equity mfs at this moment can be a bit risky, thanks to worldwide recession. Due to heavy uncertainty noone can time the bottom of the markets or guage the trend . Please break up ur investments and dont invest in lumpsome.