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Shabbir is a developer in the field of Applications, web as well as database designing and is devoted to the optimization and usability of the code. Apart from doing some Share trading he maintains SEO forum and is a C++ addict.

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80C Tax Saving Mutual Funds

January 20th, 2009 • Related • Filed Under

If you are looking for Tax Saving Mutual Funds refer my list of Best Tax Saving ELSS Funds.

Its high time when every one of us start looking for saving tax and so I thought would make a post here where you can find all the funds where you can invest to save your Tax. This are all Equity based ELSS Funds and all figures are taken from valueresearchonline. Also you would not need to invest completely into this to save complete tax. See Full tax saving without investing one lac for full details.

Fund 1 Year Returns P/E Ratio
Baroda Pioneer ELSS 96 -56.4 14.23
Bharti AXA Tax Advantage Eco – –
Bharti AXA Tax Advantage Regular – –
Birla Sun Life Tax Plan -54.63 16.22
Birla Sun Life Tax Relief 96 -61.52 14.92
Canara Robeco Equity Tax Saver -45.02 13.97
DBS Chola Tax Saver -57.7 17.94
DSPBR Tax Saver -55.23 14.15
DWS Tax Saving -56.63 14.34
Edelweiss ELSS – –
Escorts Tax Plan -59.94 6.58
Fidelity Tax Advantage -47.32 14.75
Fortis Tax Advantage Plan -62.73 14.51
Franklin India Index Tax -49.77 16.79
Franklin India Taxshield -46.62 17.57
HDFC LT Advantage -51.62 13.83
HDFC Taxsaver -50.5 13.73
HSBC Tax Saver Equity -49.64 17.17
ICICI Prudential Tax Plan -54.65 12.39
IDFC Tax Advantage (ELSS) – –
ING Tax Savings -62.82 12.44
JM Tax Gain – 12.67
JP Morgan India Tax Advantage – –
Kotak Tax Saver -57.72 15.13
LICMF Tax Plan -54.17 14.81
Lotus India Tax Plan -48.72 11.05
Magnum Taxgain -53.28 16.08
Principal Personal Tax Saver -61.61 11.73
Principal Tax Savings -63.68 12.2
Quantum Tax Saving – 12.27
Reliance Tax Saver -47.89 14.99
Sahara Tax Gain -48.19 14.35
Sundaram BNP Paribas Taxsaver -45.68 12.96
Tata Tax Saving -53.79 14.09
Taurus Tax Shield -52.03 14.28
UTI Equity Tax Savings -52.17 13.49

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There Are 40 Responses So Far. »

  1. Comment by Ashita on 13 February 2009:

    hi

    I plan to invest in three tax saving MFs.

    1. Birla Tax Saver: 20K
    2. HDFC Long term advantage : 15K
    3. SBI magnum Tax advantage fund : 15M

    According to you, how are these funds doing.
    How much returns do I expect on these funds on an average based on their previous years performance.
    Is this the right time to invest in MFs. Is this a good idea to invest in these three or can u suggest other funds which give me good returns and tax saving benefits too.

    Thanks,
    Ashita

  2. Comment by Shabbir Bhimani on 13 February 2009:

    The funds previous years performance has been good but not the last years performance and so if your aim is to Save TAX I would suggest you have the best funds inline.

    If possible also Add Fidelity Tax saving fund and make it 10k in each.

  3. Comment by satish on 22 February 2009:

    kindly tell me best tax saving mutual fund in 2009

  4. Comment by Aru on 26 February 2009:

    Hi,

    I need to invest 20K this year. Pls advise which will be the best fund to invest in.

    Thanks,
    Aru

  5. Comment by Shabbir Bhimani on 28 February 2009:

    The best one according to me is still Fidelity Tax Saver.

    Enjoy

  6. Comment by thilaganesh on 15 March 2009:

    Thanks for presenting very nice blog which enables to learn many things in the share market. It covers all the features of the market!

  7. Comment by Imran Nabab on 27 August 2009:

    I am a salaried employee. I want to invest in tax saving mutual funds which will give good returns after 2-3 years. I am ready to invest around 50 thousand. Please guide me which MFs are good now a days?

  8. Comment by Shabbir Bhimani on 27 August 2009:

    Imran, Have you seen http://shabbir.in/best-tax-saving-funds/

  9. Comment by Sagar Naik on 30 August 2009:

    Shabbir,

    Dont you think that Canara Robeco Equity Tax Saver and Sundaram Tax saver are the best fund to invest in?
    As per rate of return they are in top in 1yr/3yr/5yr return and even in 1 month.
    So as they have faced all cycles of the equity market, I guess the above 2 are the bet to invest

  10. Comment by Shabbir Bhimani on 30 August 2009:

    Sagar,

    I am not very upbeat on Sundaram Tax Saver but yes Canara Robeco Definitely. Check http://shabbir.in/best-tax-saving-funds/

  11. Comment by Sagar Naik on 31 August 2009:

    Just wanted to know the reason for not being very upbeat on Sundaram. Its in top 5 consistently now

  12. Comment by Shabbir Bhimani on 31 August 2009:

    The reason is it is not giving dividend that well and when it comes to Tax Saving If I can save Tax by investing minimum and getting maximum tax benefit is my highest priority. Investment can be done in other funds as well for good returns. Sundaram Midcap is my best choice of fund when it comes to Equity Midcap funds.

  13. Comment by vishal on 2 December 2009:

    hi shabbir
    i want to invest some 15K in mutual funds for tax saving purpose. could you please suggest me what should be my preferable choice.

  14. Comment by Shabbir Bhimani on 2 December 2009:

    See the following – Best Tax Saving Funds

  15. Comment by ca mayank choudhary on 24 December 2009:

    Dear Shabbir,

    First of all i would like to thank you for the wonderful work you are doing.

    Now my question,
    I’am looking to invest around Rs 80,000/- in mutual fund which can give me deduction u/s 80C.I can remain invested for a longer term.

    And What would you suggest between ELSS mutual fund and ULIP plan of LIC.

    Keep the good work.

    Thanks

  16. Comment by Shabbir Bhimani on 24 December 2009:

    Mayank, Please see http://shabbir.in/best-tax-saving-funds/

  17. Comment by sunil on 26 December 2009:

    Hi,
    I want to invest in TAX server MF.So please advise me the best fund which is fundamentally very good but still not appreciated as much.

    Sunil Maheshwari

  18. Comment by Shabbir Bhimani on 26 December 2009:

    The first line read that. Here is the link http://shabbir.in/best-tax-saving-funds/ once again

  19. Comment by Vishal Gehi on 22 January 2010:

    I just invested 50,000/- in UTI Equity Tax Savings Mutual Funds.
    http://www.utimf.com/webniar/ETSP/etsp_webinar.html

    Pretty convinced about their service & growth. UTI Mutual funds crossed 1crore investment portfolios this year.

  20. Comment by Girdhar on 12 April 2010:

    Hi Shabbir,

    I am planning to invest 20k in ELSS. I have thought of investing in HDFC tax saver scheme. According to you, is it good time in invest in ELSS and how is HDFC tax saver scheme to ivest in? Or suggest some alternate ELSS to invest in.

    Thanks
    Girdhar

  21. Comment by Shabbir Bhimani on 12 April 2010:

    Girdhar, In April the right way to invest in Tax saving is SIP and so will suggest go for 2k per month of SIP instead of 20k at one go.

  22. Comment by Ashok on 20 April 2010:

    shabbir,I’m planning to invest 60k(5k/month,SIP)in HDFC tax saver and 36k(SIP 3k)in SBI Magnum Taxgain.Is this the right time to invest and also cud u suggest whether these are right options to invest in?
    thanks in advance..

  23. Comment by Ashok on 20 April 2010:

    Also, cud u suggest which option to go for whether for Growth/Dividend?

  24. Comment by Shabbir Bhimani on 21 April 2010:

    Ashok, SIP is time independent and so yes I will suggest you should start ASAP

  25. Comment by Shabbir Bhimani on 21 April 2010:

    For Tax saving I always prefer Dividend.

  26. Comment by Girdhar on 21 April 2010:

    Shabbir, like Ashok, i also have a doubt on whether to go with Growth/Dividend mode? As u said, devident mode will be good if we are investing for tax saving. can u eloborate mor on this? why divident mode will be better than growth for tax saving?

  27. Comment by Shabbir Bhimani on 21 April 2010:

    @Girdhar, I am coming up with a nice post about the same on Growth / Dividend and what to do when but in the mean time why I prefer Dividend for Tax saving you can read it here – http://shabbir.in/full-tax-saving-without-investing-one-lac/

  28. Comment by Shabbir Bhimani on 24 April 2010:

    Ashok, Girdhar Please see a very detailed information about Growth and Dividend and which is right choice for investors. – http://shabbir.in/growth-or-dividend/

  29. Comment by Girdhar on 3 May 2010:

    Hi Shabbir,

    I have contacted one agent for ELSS fund. I have invested in HDFC tax saver fund. I told him to go with dividend option. But he said that as per new rule from SEBI, MF companies cant reduce investor’s NAV. so divedent option is no more valid bcoz if companies pay divident to investor then they have to reduce investor’s NAV. So he said that even after mentioning divident mode in application form, comapany has changed that to growth mode.

    so just wanted to know that whatever that agent has said is true or false? Will it be any loss/gain bcoz of investment in growth mode?

  30. Comment by Shabbir Bhimani on 3 May 2010:

    Girdhar, That is completely a fake statement. On 25th of April I have invested myself in dividend option in an ELSS funds and if something of this magnitude hits the market according me to Indian equity market will be finished.

    Did you yourself ticked on Dividend option and if your answer is No then your broker also forgot that and by default it is assumed as growth.

  31. Comment by Girdhar on 3 May 2010:

    Will it be any loss/gain bcoz of investment in growth mode?

  32. Comment by Shabbir Bhimani on 3 May 2010:

    See – http://shabbir.in/growth-or-dividend/

  33. Comment by Abhisek Nandan on 19 June 2010:

    I want to invest 3k/month in tax savings mutual fund. Kindly tell me which is the best fund available in the market.

  34. Comment by Shabbir Bhimani on 19 June 2010:

    Abhisek, See http://shabbir.in/best-tax-saving-funds/

  35. Comment by Amit Kumar on 4 August 2010:

    I am planning to invest somewhere around 80000 for tax saving but not for long term. I will need the money back after 1 year. So, is there any way to save tax and make an investment too.
    Even if i hold for say 2 years or so, which will be the best investment as per your suggestions.

  36. Comment by Shabbir Bhimani on 5 August 2010:

    Amit, See http://shabbir.in/best-tax-saving-funds/

  37. Comment by Mithun on 7 August 2010:

    I would like to know if reliance elss and canara robecco , which would be better to invest 15k .

    Regards
    Mithun

  38. Comment by Shabbir Bhimani on 9 August 2010:

    Mithun, Check out http://shabbir.in/best-tax-saving-funds/

  39. Comment by Mahesh on 2 September 2010:

    Hell
    Iam having SBI Magnum Tax saving-SIP, The amount was diducted from my account every month, but last month it was not diducted, (July 2010, SIP was compelted 3 years), i want to continue, is it possible same SIP to continue?

    This year, i have not taking Tax saving funds. please can you suggest good funds.

    In below given funds i have invested till now from last 4 years.

    1) Birla sun life 96
    2) Canara Robocoo tax save
    3)Sundaram Paribas
    4)HDFC tax saver
    5) SBI magnum tax saver
    6)DSP Black rock tax saver

    Please can you suggest to good funds to invest for Tax pallning as well as invest purpose also…..

    Regards
    Mahesh

  40. Comment by Shabbir Bhimani on 2 September 2010:

    Yes Mahesh, you can continue SIP but I will advice to SIP in some other funds because ELSS funds are out of 80C from next year. See http://shabbir.in/new-direct-tax-code-hits-badly-to-mutual-fund-investors/

    Also for Best Tax Saving funds see http://shabbir.in/best-tax-saving-funds/

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