I am happy you have chosen mutual funds for your tax saving investment. There is no other asset class which can beat Mutual Funds Equity Linked Savings Scheme (ELSS) in terms of returns and liquidity over a period of time.
You can invest in ELSS with just Rs.500. And in multiples of 500. All your investments are locked for 3 years. ELSS schemes have tended to give returns of an average above 20% even in the worst of times., simply because they know you cant withdraw for 3 years and they can invest in high quality stocks at low prices before they become large cap and wait for it perform.
You can see my messages in easymf.com. You go to easymf.com and type "kentmss" in boarder in message board column.
You will get more details about mutual funds investments.
You can clarify any doubts you have through email to me at
sharesher@indiatimes.com
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