The Best Tax Saving Option for 2013

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The ELSS funds find a special position among the instruments in which savings and investments, up to Rs 1 lakh in a financial year, qualify for tax deductions under Section 80C of the Income Tax. This is the only pure play equity investment option available compared to the otherwise fixed return, fixed tenure options. Investments in the ELSS come with a 3-year lock-in, and offer tax free redemption after the 3-year term. This category also happens to be unique as it is the only category in which investments are open to only retail investors and HUF.

The funds in this category are managed like any other diversified equity fund, and they can have different market capitalisation exposure. For instance, of the 37 funds in the category, 22 are large- and mid-cap funds, 10 reflect a multi-cap approach, 3 are large-cap funds and 2 of them are mid- and small-cap funds. This variation gives investors the choice to select a scheme that best suits their risk comfort..

The 3-year lock-in allows fund managers to manage these schemes without constant redemption pressure. The average number of stocks held by the category is 43, with DSPBR Tax Saver holding 91 stocks, the most for a fund in the category, and Religare Agile Tax, with just 11 stocks, being the smallest portfolio.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund