Top 5 Tax saving Funds

           

 

            Tax saving Mutual funds (Equity linked savings schemes) offer section 80 C income tax  beneft like Public providend fund and insurance.Main advantage of ELSS is the shortest lock in period and tax free capital gains.Minimum duration of  ELSS is only three years.
       Most of the ELSS have given average annualised returns of 20 % in last three years. Redemption pressure is low in tax saving funds than open ended schemes. It is a good option for anybody wish tax saving plus market linked returns.Investor can opt growth or dividend option.As per historical datas, ELSS funds have given better returns till now.
Top 5 Tax free funds are the following : 

      Tax Saving fund           1 year Returns

   1. Reliance Tax saver           92 % 

   2. SBI Tax advantage           78 % 

   3. Axis Long term equity       68 % 

   4. ICICI Pru RIGHT               65 %

   5. HDFC Tax saver               58 %