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Topic : Top 10
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Industry : Equity Research/Analytics Functional Area : Personal Finance
Activity:  5 comments  598 views  last activity : 07 06 2010 20:18:04 +0000
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The main purpose of investing for most investors is tax saving. Equity linked saving schemes (ELSS) are those mutual fund schemes that help you save taxes as well as generate decent returns. But, how do you separate the wheat from the chaff? Here is a list of few ELSS schemes that you should consider for investing.

The true measure of ELSS scheme’s worth is consistency. Following four ELSS schemes make the cut based on their 5 years, 3 years and 1 year performance put together.

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5 comments on "Top 10 Mutual Funds to Save Tax"
  Commented by  Nancy thomas, employee, info tech    | 09 06 2010 04:53:46 +0000
80C in order to tax u / s, you can invest in shares linked savings plans. Theses schemes are investing in diversified equity securities and equity related instruments and has a lock in period of three years.
http://www.financemetrics.com/
  Commented by  Jehnavi, Consultant, Rikhavinfotech    | 06 21 2010 11:57:56 +0000
To pick best mutual funds, analyze the performance of each of them, and know how they performed in long term. In a bull market, every fund has positive figures. It is the performance of a fund over last couple of years that should be taken into consideration.
http://www.financeandmarkets.net/best-mutual-funds.html
  Commented by  Rashmi Chawla, Cust. Service Manager, Leading Bank    | 01 28 2010 08:00:42 +0000
Nice insight Manish, war really useful. Thanks for sharing. 
Keep sharing such interesting information.

Regards Rashmi....

  Commented by  Archana Singh, Relationship Executive, ICICI Bank    | 01 14 2010 14:15:52 +0000
Thanks for the article Manish, its really very informative and is very helpful for those who are concerned about tax.
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