Which ELSS fund to invest in?

[6pack]

Just 2 months to go for the end of this Fy. need to invest in ELSS schemes.
Which good one are there?
Some research on moneycontrol gave me these options. Can anyone help in this?

Tata Tax Advantage Fund-1(G)
Fidelity Tax Advantage (G)
HSBC Tax Saver Equity Fund (G)
Reliance Tax Saver (ELSS) (G)
Lotus India Tax Plan (G)
Sahara Taxgain (G)

having second doubts on reliance since they have a big exposure in satyam stocks as of dec 5.

thanks.

 

[MAGNeT]

MutualFundsIndia.com - Indian Mutual Funds | Mutual Fund Magazine | MF Portfolio | MFI Scheme

why is sbi magnum tax gain missing?

they were the leader before the sensex went haywire...after all ull get bak the sum after 3 years

 

[Tron05]

these are some of the consistent ELSS .. first 2 been the best bet

Magnum Taxgain
Sundaram BNP Paribas Taxsaver
Principal Personal Tax Saver
Franklin India Taxshield
HDFC Taxsaver

 

[medpal]

these are some of the consistent ELSS .. first 2 been the best bet

Magnum Taxgain
Sundaram BNP Paribas Taxsaver
Principal Personal Tax Saver
Franklin India Taxshield
HDFC Taxsaver

i would also recommend these ones.
I have exposure in the 3 schemes marked in red.

SBI and HDFC are conservative schemes with low risk and high gains if you wnat to be little on safer side select these two and you wont regret.

 

[6pack]

Okk, will invest in all of the above mentioned ones. Thanks guys.

 

[47Shailesh]

Opt for SIP and in growth plan rather then investing lumpsum amount
SBI magnum/HDFC ELSS have good return history

 

[6pack]

need to invest in lump sums now since i need to show the savings by feb to my co or they will cut more than 10k from my salary.

SIP's after may/ june if i remember to invest at that time.

 

[Tron05]

^^ way to go... i guess all salaried ppl are in the same situation.
btw.. u can avoid the 2.25% entry load if u do a direct investment..
also.. wait and watch the market...make ur move once the market starts moving upwards.....i am expecting only falls this week though..

 

[6pack]

direct investment - means?

is buying thru online demat ac direct investment?

i know i sound foolish, but cant help it.

 

[medpal]

direct investment - means?
is buying thru online demat ac direct investment?
i know i sound foolish, but cant help it.

nope online through demat account is through your broker.

Direct Investment means you directly go to mutual funds office or website and purchase from there. No middle man in between that way you save entry load.

 

[Spectre]

I have invested few times on
SBI Magnum
Sundaram BNP Paribas

Also Birla Sunlife 96 valued currently @ 5.** is a good buy for longterm

 

[NinByChoice]

You can apply directly to the MF using their website, instead of going through a 3rd party account. SBI for example has SBI Mutual Fund ::. This guy has a list of direct applications websites.

From Information to Knowledge Mutual Fund Investment with zero entry load

SBI Magnum Taxgain and Sundaram BNP are really good.

 

[6pack]

Thanks for the link. didnt know about liquid funds till now.

 

[RKitect]

SBI Magnum taxgain
Sundaram Tax saver

Have been investing in these for 2-3 years. Select these 2 eyes closed. if u want 1 more than u can go for HDFC tax saver.

U can also avoid the 2.25% entry load by investing directly. this u can do by visiting the mutual fund office of these two funds or u can visit any of the CAMS investor centres where u can apply for all the three funds at one place. just make sure that when ur filling the form mention "DIRECT" in the agent code. FOR sbi , once u get the folio number, u can log onto sbi mf site and register. once registered u can buy online wihtout going to mf office. (if u apply before 3 pm u get the same days NAV)