Top Tax Saving Mutual Funds

Here is the list of Top tax saving ELSS mutual fund ( Equity tax planning funds )
There have been arrived by doing various research on the funds in this category.

1. Canara Robeco Equity Tax Saver.... Net asset 290 Cr, 3 Yr return 24.57%
2. Religare Tax Plan ...............................Net asset 108 Cr, 3 Yr return 20%
3. Fidelty tax advantage.........................Net asset 1240 Cr, 3 Yr return 18.7%
4. Taurus tax shield.................................Net asset 69 Cr, 3 Yr return 16.3%

The above are top tax saving mutual funds which have lock in period of 3 years.
With market nearing 16,000 ( BSE Sensex ) it would be right time to invest some amount in these funds if you want to save tax for the financial year 2011-12 , not in whole but do investment in staggered manner as currently economic situation globally not good hence it would be advisable to invest around 30% of your portfolio for tax saving mutual funds now and rest later on.

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