Choosing a good mutual fund is a tricky business, especially when many factors such as the ur timing, the fund manager, his mandate, the investment style, the track record etc affect their performance. Even if u invest now there is no guarantee of getting a great return after the 3 yrs lock-in as per 80C.
Please note that investing in equity or equity mfs in these uncertain times can be a bit risky. Please break up ur investments and dont invest in lumpsome especially when markets are up. I also recommend that one invest in a basket of MFs, especially at market dips. The funds are chosen on the basis of a decent portfolio and consistant returns rather than very high returns. That said here are my top Tax Saving Mutual Funds.
NAV 191.858 (18/12/09) EXPENSE RATIO 2.06
NET ASSETS (Cr)2,002.26 (30/11/09)
This is a relatively good safe performer over the long run with a decent consistent track record for the past 3 years.
NAV 21.14 (18/12/09) EXPENSE RATIO 2.50
NET ASSETS 71.19 (30/11/09)
This is a slightly aggressive fund managed by Mr Anand Shah since Sep – 2008, and shows good returns.
NAV 55.85 (18/12/09)EXPENSE RATIO 2.5
NET ASSETS (Cr) 4,999.93 (30/11/09)
One of the best Tax savings funds over the long term, this fund is a behemoth that has A group scripts as its top holdings, and a large cap heavy pf. This is a good fund for investors that choose diversification and safety over returns.
NAV 40.9593 (18/12/09) EXPENSE RATIO 2.24
NET ASSETS 1,214.02 (30/11/09)
Fund has a good performance record for the last 3 years, has a good portfolio/sector mix and has come out yet again as a leader in its class.