Buy Equity Linked Plans Mutual Fund

Unit-linked insurance plans (Ulips) are non-transparent, non-portable and mired in mis-selling. Two, the three-year lock-in for ELSS is the shortest among comparable products. You get zero tax status on long-term capital gains and dividend. HDFC TaxSaver, Franklin India Taxshield and Fidelity Tax Advantage are conservative ELSS schemes and have given good returns. One of these can form the core of your ELSS investment up to Rs 50,000. Sundaram Taxsaver proved its critics wrong when it managed to lose just 48 per cent against the category average of minus 55 per cent during the 2008 crash. Despite being a fund that was geared to a rising market, its agile management and high cash levels. Birla Sun Life Tax Relief had a disappointing 2008 because its investment calls in the capital goods sector and stocks like United Breweries and ICICI Bank went wrong. Religare Tax Plan is a relatively new kid on the block, having just completed three years, we feel it has a good future.:source HT:

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