{"id":2949,"date":"2012-12-19T14:52:12","date_gmt":"2012-12-19T09:22:12","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=2949"},"modified":"2014-06-17T12:43:43","modified_gmt":"2014-06-17T07:13:43","slug":"best-tax-saving-mutual-fund-elss-fund-to-invest-in-2012-13","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/best-tax-saving-mutual-fund-elss-fund-to-invest-in-2012-13\/","title":{"rendered":"Best Tax Saving Mutual Fund \/ ELSS Fund to invest in 2012-13"},"content":{"rendered":"

ELSS (Equity Linked Saving Scheme)<\/strong>\u00a0also popularly known as\u00a0Tax Saving Mutual Funds<\/strong>\u00a0are one of the\u00a0best investments<\/strong>\u00a0you can do to\u00a0save tax and create wealth<\/strong>\u00a0in the long run.\u00a0But unfortunately according to the proposed\u00a0direct tax code ELSS<\/strong>\u00a0would be a thing of past and it would no more be eligible as\u00a0tax saving instrument under section 80C of Income tax<\/strong>.<\/p>\n

Nevertheless\u00a0Financial year 2012-13<\/strong>\u00a0still gives you an opportunity to invest in them and save tax. If you have not yet invested your 1 Lakh under section 80C to save tax, you might look at ELSS\/ Tax Saving Mutual Funds.\u00a0In an earlier post I had mentioned\u00a0how you can select the\u00a0best Tax Saving Mutual Fund \/ ELSS Fund to invest!<\/strong><\/a><\/p>\n

\n

Following similar footsteps below is the list of \u201cBest Tax Saving Mutual Fund \/ ELSS Fund to invest in 2012-13<\/strong>\u201d<\/p>\n

    \n
  1. Canara Robeco Equity Tax Saver<\/strong>\u00a0\u2013 The Best ELSS Fund<\/li>\n
  2. Franklin India Taxshield<\/strong>\u00a0\u2013 Consistent Performer \u2013 Suited for people who are looking for good return at a very low risk.<\/li>\n
  3. Religare Tax Plan<\/strong>\u00a0\u2013 Higher risk than above two<\/li>\n
  4. Sahara Tax Gain<\/strong>\u00a0\u2013 Has mid cap portfolio so high risk but high return. Invest in this if you are looking to diversify in mid caps.<\/li>\n
  5. Taurus Tax Shield<\/strong>\u00a0\u2013 Most volatile fund among the group. So invest only if you can take the risk.<\/li>\n<\/ol>\n

    Changes from Last Years List<\/a>:<\/strong><\/p>\n

    Have removed Fidelity Tax Advantage<\/strong> as Fidelity was taken over by L&T Finance <\/a>and the fund is know as\u00a0L&T Tax Advantage<\/strong>. L&T has still to prove its fund management skills and so its safe to keep away from this fund for fresh investment.<\/p>\n

    The table below gives the returns of these Tax Saving Funds for 1 Year, 3 Years, 5 Years and 10 Years period.<\/p>\n\n\n\n\n\n\n\n\n
    ELSS\/ Tax Saving Mutual Fund<\/strong><\/td>\n1 Year<\/strong><\/td>\n3 Years<\/strong><\/td>\n5 Years<\/strong><\/td>\n10 Years<\/strong><\/td>\n<\/tr>\n
    \u00a0Canara Robeco Equity Tax Saver<\/strong><\/td>\n29.7%<\/td>\n11.9%<\/td>\n7.9%<\/td>\n24.8%<\/td>\n<\/tr>\n
    \u00a0Franklin India Taxshield<\/strong><\/td>\n27.0%<\/td>\n11.3%<\/td>\n5.1%<\/td>\n25.4%<\/td>\n<\/tr>\n
    \u00a0Religare Tax Plan<\/strong><\/td>\n28.3%<\/td>\n9.9%<\/td>\n5.3%<\/td>\n\u00a0–<\/td>\n<\/tr>\n
    \u00a0Sahara Tax Gain<\/strong><\/td>\n30.0%<\/td>\n8.8%<\/td>\n5.2%<\/td>\n24.5%<\/td>\n<\/tr>\n
    \u00a0Taurus Tax Shield<\/strong><\/td>\n29.5%<\/td>\n6.9%<\/td>\n2.6%<\/td>\n21.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    *The returns are annualized for more than 1 Year.<\/em><\/p>\n

    I thought I would give you a\u00a0list of the Tax Saving Mutual Funds or ELSS you should keep away with<\/strong>.<\/p>\n

      \n
    1. Escorts Tax Plan<\/strong><\/li>\n
    2. DWS Tax Saving<\/strong><\/strong><\/li>\n<\/ol>\n

      Both the above ELSS have been consistently performing at the bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"

      ELSS (Equity Linked Saving Scheme)\u00a0also popularly known as\u00a0Tax Saving Mutual Funds\u00a0are one of the\u00a0best investments\u00a0you can do to\u00a0save tax and create wealth\u00a0in the long run.\u00a0But unfortunately according to the proposed\u00a0direct tax code ELSS\u00a0would be a thing of past and it would no more be eligible as\u00a0tax saving instrument under section 80C of Income tax. Nevertheless\u00a0Financial […]<\/p>\n","protected":false},"author":1,"featured_media":4545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[64,4,63,6],"tags":[401,453,468,467,466,476,460,463,474,458,470,455,454,469,1573,1572,354,14,471,119,472,456,464,465,473,457,65,36],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS.png",1177,643,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS-300x163.png",300,163,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS.png",768,420,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS-1024x559.png",1024,559,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS.png",1177,643,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS.png",1177,643,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2010\/01\/Best-Tax-Saving-Mutual-Fund-ELSS.png",120,66,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":1,"uagb_excerpt":"ELSS (Equity Linked Saving Scheme)\u00a0also popularly known as\u00a0Tax Saving Mutual Funds\u00a0are one of the\u00a0best investments\u00a0you can do to\u00a0save tax and create wealth\u00a0in the long run.\u00a0But unfortunately according to the proposed\u00a0direct tax code ELSS\u00a0would be a thing of past and it would no more be eligible as\u00a0tax saving instrument under section 80C of Income tax. Nevertheless\u00a0Financial…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/2949"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=2949"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/2949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/4545"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=2949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=2949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=2949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}