80C Tax Saving Mutual Funds
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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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
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.
kindly tell me best tax saving mutual fund in 2009
Hi,
I need to invest 20K this year. Pls advise which will be the best fund to invest in.
Thanks,
Aru
The best one according to me is still Fidelity Tax Saver.
Enjoy
Thanks for presenting very nice blog which enables to learn many things in the share market. It covers all the features of the market!
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?
Imran, Have you seen http://shabbir.in/best-tax-saving-funds/
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
Sagar,
I am not very upbeat on Sundaram Tax Saver but yes Canara Robeco Definitely. Check http://shabbir.in/best-tax-saving-funds/
Just wanted to know the reason for not being very upbeat on Sundaram. Its in top 5 consistently now
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.
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.
See the following – Best Tax Saving Funds
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
Mayank, Please see http://shabbir.in/best-tax-saving-funds/
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
The first line read that. Here is the link http://shabbir.in/best-tax-saving-funds/ once again
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.
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
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.
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..
Ashok, SIP is time independent and so yes I will suggest you should start ASAP
Also, cud u suggest which option to go for whether for Growth/Dividend?
For Tax saving I always prefer Dividend.
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?
@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/
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/
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?
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.
Will it be any loss/gain bcoz of investment in growth mode?
See – http://shabbir.in/growth-or-dividend/
I want to invest 3k/month in tax savings mutual fund. Kindly tell me which is the best fund available in the market.
Abhisek, See http://shabbir.in/best-tax-saving-funds/
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.
Amit, See http://shabbir.in/best-tax-saving-funds/
I would like to know if reliance elss and canara robecco , which would be better to invest 15k .
Regards
Mithun
Mithun, Check out http://shabbir.in/best-tax-saving-funds/
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
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/
I have invested in LIC mutual funds 10k per annum.In addition to this i want to invest further more. What would you prefer
Which Fund of LIC have you invested in?
Hi,
I am planning to invest 2000 PM in Tax saving mutual fund.
Planning to invest in HDFC TAX saver and Fiedility tax advantage fund.
Please suggest if my decesion is correct or i should look for other option as well.
Thanks,
Mihir
Quite Good Mihir
Hi Shabbir,
I have invested in HDFC ELSS SIP for the past 3 months via ICICI Investment account online as per your suggestions. I need to submit proof for ELSS investment for tax saving in my company. How can i take that investment proof from that online account. Please help on this.
Thanks in advance…
Take the ELSS Fund Folio Details and submit that in printed format
sir
i want to know about bajaj allianz max advantage insurance plan and in this plan there is a max gain fund .
so i want know that can i invest in it and take tax benefit also or go for any other kindly suggest me.
hi shabbir,
I dont know anything about MF’s how does it work how etc,can I get monthly returns from it .Ican invest 5k pm in it.Plz suggest one SIP so that I can get gud returns widout any loss.
Best place to start for you is http://shabbir.in/all-about-mutual-funds/
Which is the better tax saving MF SBI magnum or birla relief’96???
Im confused. want to invest upto 20k for tax saving. Kindly advice
Sawant See http://shabbir.in/best-tax-saving-funds/
Hi shabbir,
Am planning to invest 20k for tax saving in hdfc tax saver..Is my decision is good?? kindly advice so that I wil get good returns without losses.
Yes. Good decision
From what i have heard now a days to invest in MF also v need a demat account and there are also brokerages applicable for MF??? Is is true??? pls confirm
No. It will be possible to do that way but nothing as of now is implemented.
Apart from hdfc tax saver, what r the other options for investment for short-term tax savings?pls adivce. am very new to these things
Vara, Check out http://shabbir.in/best-tax-saving-funds/
Dear Shabbir bro..
Can Tax Saving be done by investing in Tata Select Equity Mutual Fund??
If it is an ELSS fund yes but I don’t think it is an ELSS fund
Dear Shabbir,
I am planning to invest in this funds to save my tax and get good returns. Advice me are these beneficial for me in the next three year.
HDFC Tax Save (G)
ICICI Pru Tax plan (G)
Reliance Tax Saver (ELSS) Fund (G)
Canara Rebecco Equity Tax Saver(G)
Regards,
Munish
For Tax Saving Mutual Fund Investments advice and processing, please call 9241545354 (for bangalore only)
Suggest you mention three years return; because ELSS is close ended, and is a commitment for three years.
With the arrival of DTC; and the phasing out of ELSS; what alternatives would you suggest? Is the Govt. introducing something in the place of ELSS?
ajay
No Ajay, as of now there is no alternative to ELSS.
Somebody needs to write to the Finance/Taxation Ministry ,pointing out little gain and logic for the Govt. to do away with ELSS.Alternatively ; a similar new product could be introduced.
It would help the small investor’s participation in equity; without undue exposure and save tax also.
ajay
Sir,
Can I take advantage of the price difference of stocks in the two exchanges BSE / NSE to make quick profits on same day without any timelag.
Ambrish, If you know how to take that advantage, you can.
Hi Shabbir,
Please help me to choose a Balanced tax saver fund and i can invest 12 K a year and my time horizon is min 10 yrs.
See http://shabbir.in/best-tax-saving-funds/
Any Pharma Mutual funds available under section 80C ?
Please suggest
Not sure about it and see ValueResearchOnline.com to see list of all funds and their investment profile.
Dear Shabbir,
Will you kindly let me know the steps I have to do after completing the 2years investment of Rs. 2000/m at SBI Magnum Tax gain under 80c. I have stopped it after completing the term period of two years on Oct 2011. And now not getting enough support from SBI, particular branch,regarding that. It will be of great help if you can suggest what next ??
What kind of help do you need? You have the investment in the fund and you have your units. When you want to redeem, just submit the form and rest is all online where you can track the performance.
Hi Shabbir,
I invested in HDFC Tax saver and SBI Magnum TaxGain(SIP basis) in 2010 and now am continuing only Tax saver scheme.Now I’m planning to take a home loan in the latter half of this year and want your suggestions whether to continue with the mutual funds and also various options to invest in like Infra Bonds/LIC policy besides taking the home loan.
Thanks in advance..
Never, You should never invest if you have a loan. Yes ELSS is fine but not any other kind of resource and focus on getting the loan off your shoulder.
See the following articles
http://shabbir.in/factors-to-consider-before-investing/
http://shabbir.in/stay-invested-or-pay-back-home-loan/