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Invest in Tax Saver Funds!
November 30, 2010

ELSS on FSM platform


Author : FSM Content Team



Untitled Document

Fundsupermart.com now brings to retail investors Equity Linked Savings Schemes (ELSS). Under Section 80C, ELSS provides the comfort of tax deduction upto Rs. 100,000. Moreover, individuals and Hindu Undivided Family (HUF) can get the investment benefit for a the lock-in period of only 3 years. However, do keep in mind, you shall receive the proceeds on redemption after completion of 3 years for every tranch invested under Systematic Investment Plan (SIP). So a lumpsum investment is reasonable in case of ELSS.

List of ELSS Funds available on Fundsupermart.com

AXIS TAX SAVER FUND- GROWTH
BNP PARIBAS TAX ADVANTAGE PLAN (ELSS)- GROWTH
BSL TAX PLAN- GROWTH
BSL TAX RELIEF 96- GROWTH
CANARA ROBECO EQUITY TAX SAVER- GROWTH
DSP BLACKROCK TAX SAVER FUND- GROWTH
DWS TAX SAVING FUND- GROWTH
EDELWEISS ELSS FUND- GROWTH
FIDELITY TAX ADVANTAGE FUND- GROWTH
FRANKLIN INDIA TAXSHIELD- GROWTH
HDFC LONG TERM ADVANTAGE FUND- GROWTH
HDFC TAXSAVER- GROWTH
HSBC TAX SAVER EQUITY FUND- GROWTH
ICICI PRUDENTIAL TAX PLAN- GROWTH
IDFC TAX ADVANTAGE (ELSS) FUND- GROWTH
ING TAX SAVINGS FUND- GROWTH
JM TAX GAIN FUND- GROWTH
JPMORGAN INDIA TAX ADVANTAGE FUND- GROWTH
KOTAK TAX SAVER- GROWTH
L&T TAX SAVER FUND- CUMULATIVE
LICMF TAX PLAN- GROWTH
MAGNUM TAX GAIN SCHEME 1993- GROWTH
PRINCIPAL PERSONAL TAX SAVER FUND
PRINCIPAL TAX SAVINGS FUND- GROWTH
QUANTUM TAX SAVING FUND- GROWTH
RELIANCE TAX SAVER ( ELSS ) FUND- GROWTH
RELIGARE TAX PLAN- GROWTH
SUNDARAM TAXSAVER- GROWTH
UTI EQUITY TAX SAVINGS PLAN- GROWTH

 


Disclaimer: iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's scheme information document including statement of additional information. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer on the website.Please read our disclaimer in the website. Risk Factors: Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the Scheme or that the Scheme’s objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on various factors and forces affecting capital markets. Past performance of the Sponsor/the AMC/the Mutual Fund does not indicate the future performance of the Scheme. The name of the Scheme does not in any manner indicate the quality of the Scheme, its future prospects or returns. Please read the Statement of Additional Information and Scheme Information Document carefully before investing.

 


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