sushant from Goa
Hi ,
I want to start SIP for some ELSS fund over the next 9-12 months. Please suggest me some good ones. I have my list. Please comment on any additions/deletion:
1) Sundaram Tax Saver
2) Principal Personal Tax Saver
3) Magnum Tax gain
SRIKANTH MATRUBAI replied :
Dear Sushant
It is always a great idea to invest through SIPS. SIP investing is a no-brainer. 9 out of 10 times, you make more money through a SIP investment than through a Lumpsum Invesment.
The next thing to consider is the Fund itself.
My personal favourite has been Religare Tax Plan and HDFC Tax Saver, especially for the fine ability with which both the funds have been able to outperform their peers even in a Bearish Markets.
HDFC Tax Saver has had a great history and a Fund Manager with the highest experience in the entire MF industry.
Sundaram Tax Saver and Fidelity Tax Advantage too are good and have a had a decent track record, but if it is only 1 Fund which I had to choose, then it would be HDFC Tax Saver.
Magnum Tax Gain, even though it has bounced from a disappointing performance in recent times the huge AUM makes me avoid the Fund for now.
Regards,
Srikanth Matrubai
Also visit http://equityadvise.blogspot.com
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What about Canara Robeco Tax Saver, I think it is one of the most consistent performers. What are your view about it? My plan for next financial year is as following. All in SIP mode.
ReplyDeleteHDFC Tax Saver - (Midcap bias) - 40%
BSL Tax Relief '96 - (Index bias) - 27%
Canara Robeco Tax Saver - (Midcap bias) - 33%
Yes Canara Robeco Tax Saver too is good. Do watch out for my next article on the BEST ELSS FUNDS in about 2 days.
ReplyDeleteThanks for responsing, eagerly waiting for your post.
ReplyDeleteThanks,
Vishal
Hi Srikanth,
ReplyDeleteThanks for citing Religare Tax Plan as a personal favourite.
Srikanth, Vishal and Sushant, to know more about ELSS funds and other information, please write to us at customer.feedback@religare.in. We'll be happy to help!
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Regards,
The Religare Customer Care Team