Thursday, February 5, 2009

Best Tax Saving Fund

Sunny asked :
"Hi,I wish to invest 60k in a tax saving fund through SIP route,should I invest in Sundaram Tax saver or Kotax Tax saver ? Which is the best in the category ? Have lost quite a asmount money in SBI Magnum"


Dear Sunny,
If you had been following my advice, I had become sceptical about SBI Magnum Tax Gain 93's repeatation of its excellent past performance about a year back itself. the number one reason being its Bloated Corpus.
Both of your choices, Sundaram and Kotak Tax Saver Funds are very good. You can definitely go ahead.
You can also consider investing in
Birla Sunlife Tax Relief 96 fund
Fidelity Tax Advantage Fund
You can also consider DWS Tax Saving Fund. This Fund not only has given decent returns but as a BONUS offers Free Life Insurance, 5 times your investment. No conditions, no asteriks. Plain and Simple.
Srikanth Shankar Matrubai
Visit for More Detailed Mutual Fund Advise.

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