One of the many reasons people go for investement is to save taxes.ELSS or Equity Linked Saving Schemes are a wonderful medium to save taxes and at the same time earn substantial returns on the investments.
All the major AMC's ( Asset Managment Companies) have their own ELSS schemes.The investment under this schemes are mainly done on Mutual Funds.
Some of the major ELSS schemes which are performing really well in the market are:
1) Birla Sun Life Tax Relief 96
2) SBI Magnum Tax Gain 93.
Apart from this there are several other funds from other AMC houses as well.Before deciding on any particular fund, one should do a thorough research on the performance of the fund for in the past and then zero down upon one.
Experts , please post your comments as to what other factors one should look at while deciding upon a paticular ELSS scheme
27 comments:
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