I have to invest some of the amount in mutual fund due to save my Income Tax .?

Which MF is best for tax savers?
Which is the best time to Buy the Tax saver MF?

Bacause money is locked for three years all tax saving schemes give reasonably good returns

HDFC Tax saver
HDFC long term Advantage
ICICI tax saver
Magnum Tax saver
Franklin Tax saver

Reliance tax

all are good! you expect about 40 to 70 % return per annum

You invest in a regular mutual fund and avail the higher benefits. Later in march switch over the funds from this to the ELSS which is a tax saving eg Reliance equity opportunity fund / vision / growth fund now and later in march switch to Reliance Tax saver fund. Similarly you can do in other companies like HDFC, etc

dear, your thinking is gud for invest some of the amount in mutual fund for tax sevings u/s 80 C.
Almost mutual fund is allow in deduction of tax seving u/s 80C but saving will gud when return get more. There are more mutual fund as Reliance mutual fund, SBI mutual fund, UTI mutual fund (known as axist bank),hdfc, icici and others. Reliance mutual fund is more profitable. Other infrasture is also availble to get more returns to investment in.

pay tax

& invest rest in stock, comm, index etc

1. choose funds by your risk taking ability. since each mutual fund houses offer one or two schemes only for tax saving purposes. for conservative investors choose TEMPLETON india pension plan , medium risk takers choose HDFC taxsaver and for high risk appetite persons choose SBI magnum taxgain or ICICI prudential taxplan

It is simple and you can save tax under section 88 c upto rs. 1,00,000
you can choose the sbi taxsaver, birla taxsaver and both of them were performing well in the class
the time of market down is good time for buying any kind of MFs
if you are in krishnagiri you can contact me i will do it for you