First
quarter of this FY is almost passed. If you are still not started
then please see the historic return of all tax savings investment
options..
INVESTMENT
|
LOCKIN
PERIOD
|
PRE-TAX
RETURNS
|
TAX
APPLICABLE
|
ELSS
|
3
Years
|
16-23%
|
No
Tax
|
5
Year Bank FD
|
5
Years
|
7.10%
|
Interest
Is Taxable
|
PPF
|
15
Years
|
8.10%
|
No
Tax
|
NSC
|
5-10
Years
|
7.90%
|
Interest
Is Taxable
|
Life
Insurance
|
5
Years
|
0-7%
|
No
Tax
|
Till now you must know that what i want to to say? Yes Tax saving mutual fund (ELSS) is the best among the options we have. ELSS funds have given the best returns out of all the tax saving instruments under 80 C like PF, FDs, ULIPs, Post office deposits, KVP etc. This fund has a lock-in for 3 years which is the least in the list.
Don't wait for year end to to start investment for 80C. Start as early as possible. we lost 1/4th of current financial year. Start monthly investment.
Best ELSS Mutual funds are..
RANK
|
FUND
|
3
YR RETURN
|
5
YR RETURN
|
1
|
Axis
Long Term Equity Growth
|
18.10%
|
24.20%
|
2
|
Birla
Sun Life Tax Relief 96 Growth
|
19.40%
|
22.70%
|
3
|
IDFC
Tax Advantage (ELSS) Fund - Regular Plan - Growth
|
18.10%
|
22.20%
|
4
|
DSP
BlackRock Tax Saver Fund Growth
|
17.60%
|
22.00%
|
5
|
L&T
Tax Advantage Fund Growth
|
17.20%
|
19.60%
|
Disclosure : I have investments in Axis Long Term Equity Growth and DSP BlackRock Tax Saver Fund Growth.
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