Right Stock at Right Price for Right Time
Have you ever invested in a stock on someone's advice to make profit and then waited for months, maybe years, to recover your capital? Not anymore.
When it comes to Tax Saving and ELSS Funds I prefer to invest in funds where I get maximum dividend and that way I do not need to invest my full amount and also get the Tax benefit of full amount invested. Read how if you still have not read – Full tax saving without investing one lac. Now many people ask me about how to know the dividend history of funds and so for them I have Dividend History of Mutual Funds.
So now using the methods discussed in the above two articles I would list some of the best Tax Saving funds. The list of funds I have selected are based on criteria of consistent dividend for a longer period of time.
Birla Sun Life Tax Relief 96
Best Dividend ever by any Tax saver fund I know off.
| Record Date | Rate of Dividend |
|---|---|
| Jun 27, 2008 | 50 % |
| Mar 25, 2008 | 200 % |
| Mar 16, 2007 | 500 % |
| Jan 19, 2007 | 260 % |
| Dec 8, 2006 | 250 % |
Principal Personal TaxSaver
One more best dividend Tax saver fund I know off. Principal Personal TaxSaver has given probably the best dividend in the most difficult time.
| Record Date | Rate of Dividend |
|---|---|
| Mar 25, 2008 | 400 % |
| Feb 26, 2008 | 200 % |
| Dec 31, 2007 | 110 % |
| Oct 30, 2007 | 110 % |
| Mar 13, 2006 | 100 % |
SBI Magnum Tax gain
Yet another fund by SBI Mutual Fund house which has very good track record when it comes to return as well as dividend.
| Record Date | Rate of Dividend |
|---|---|
| May 29, 2009 | 28 % |
| Feb 15, 2008 | 110 % |
| Mar 2, 2007 | 110 % |
| Mar 10, 2006 | 150 % |
| Jun 10, 2005 | 102 % |
HDFC Tax Saver
Not into one of the best dividend rate like above funds but very consistent when it comes to dividend and also return of this fund is also worth investing.
| Record Date | Rate of Dividend |
|---|---|
| Mar 6, 2009 | 50 % |
| Mar 7, 2008 | 80 % |
| Mar 8, 2007 | 75 % |
| Mar 17, 2006 | 75 % |
| Feb 17, 2005 | 50 % |
Canara Robeco Equity Tax Saver
Not as good as above ones, but best when it comes to return of the fund.
| Record Date | Rate of Dividend |
|---|---|
| Mar 28, 2008 | 30 % |
| Mar 15, 2007 | 60 % |
| Mar 16, 2006 | 40 % |
| Mar 18, 2005 | 25 % |
| Mar 26, 2004 | 15 % |
Apart from the above old funds I also expect some good returns for some of the new tax saving funds which till date have not recorded good dividend but that is may be because of the current market situation for last one year or so and so they deserve mentioning.
Fidelity Tax Advantage
| Record Date | Rate of Dividend |
|---|---|
| Mar 13, 2008 | 15 % |
DSP Blackrock Tax Saver
| Record Date | Rate of Dividend |
|---|---|
| Feb 29, 2008 | 36 % |
Kotak Tax Saver
| Record Date | Rate of Dividend |
|---|---|
| Feb 8, 2008 | 35 % |
| Feb 20, 2007 | 30 % |
