Pl tell me about the name of mutual fund suitable for tax saving.?

Here is a good article on tax saving funds.

http://www.rediff.com/money/2005/jan/24p...

Buy insurance for risks only and not for tax savings and investments.
SBI - Magnum, HDFC Tax saver are two top ones.
Remeber its about 5-10 time year frame

Hi,

You can try 'Principal personal tax saver' or 'principal tax savings' fund. They have done better than othe funds in last 6 months.......

Also while filling the form, make sure that you donot reinvest dividend. If you do then the dividend is reinvested and is locked for the next 3 years.

the best in MF market for tax saving schemes ,a t present, HDFC tax saver and Birla tax saver schemes. for information onmore tax savings mutaul funds pls visit www.moneycontrol.com

better pay tax & tarde with cash

ICICI HDFC TATA reliance UTI SBI

more on my blog

Try www.valueresearchonline.com - HDFC tax saver and Magnum taxgain(SBI) are supposed to be the best mutual funds.

I hope you know that your money is locked in for three years in these tax saving funds. (it is better than insurance and PPF though where your money is locked in even longer)

However it is better that you look through mutual fund website and understand everything before you put your money in.

SBI TAX GAIN , PRU ICICI TAX PLAN , FIDELITY TAX ADVANTAGE, RELIANCE TAX SAVER are good tax saving schemes. there is a lock in period of 3 years. good returns are there in addition to tax advantage. Since market has dropped lot of points, it is advisable to invest in these schemes for the year 2007-08.
savithri

Hi
According to me the most suitable MF for the purpose of tax saving is ELSS.
It can be of any AMC like ICICI, HDFC,Franklin,JM Financial etc. It is only for the purpose of tax saving................

Still u want to 9 more then contact me, I m here to resolve ur querry...

Thanks & Regards
Tanisha

all elss funds with lockin period of 3 years are tax saving funds.
for example,HDFC,SBI magnum,IDBI,ICICI etc.