Thursday, June 12, 2008

Best ELSS for Tax Savings

An ELSS ( Equity Linked Saving Scheme) is an equity fund that invests in equity and equity related securities and which Offers tax benefit - a deduction of upto Rs.1lakhs under section 80CCC and holds a lock-in period of 3 years.

Two best performers for present conditions are

  1. Sundaram BNP Paribas Taxsaver-G

sundram

2. SBI Magnum Tax Gain -G

magnam

I recommend both the schemes. Invest through SIP.

Posted By R John Christy at 9:14 PM Labels: ,

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