ELSS - Best option NOW

Among Tax Saving Investments,

ELSS (equity linked savings scheme) is the best option now.

Markets are at a lower(!) level now.

If you buy now, after 3 years (lock in period) the return will beat any other traditional rate of returns.

For tax saving, think of ELSS.

NAV(29th Dec 08) of some of the schemes (Growth option)

• Birla SunLife Tax Plan 7.18
  
• DWS Tax Saving Fund 7.657
  
• DSP Tax Saver 8.048
  
• Fidelity Tax Advantage 9.658
  
• Franklin Taxshield 98.309
  
• HDFC Tax Saver 97.561
  
• HSBC Tax Saver Eqity 7.416
  
• ICICI Pru Tax Plan 55.89
  
• IDFC Tax Saver 7.251
  
• JM Tax Gain 4.250
  
• Kotak Tax Saver 9.425
  
• Reliance Tax Saver 9.829
  
• SBI Magnum Tax Gain 30.60
  
• Sundaram BNP Taxsaver 24.162
  
• TATA Tax Saving Fund 27.62
  
• UTI ETSP 20.99