Tax Savings

It is time for most of our salaried readers to go investment hunting for tax savings.

So here is a quick shopping list especially for our readers.

Long term infrastructure Bonds:

Two choices available: IFCI and L&T.

Our recommendation: IFCI with buy back  option

Equity Linked Savings Scheme (ELSS)


Based on performance in last 5 years and 3 years , following are the list of top performers.
All data is obtained from ValueResearchOnline

Open Ended  - Equity: Tax Planning -  Five Year Return
Fund	NAV (Date)	Returns(%)	Return as on
Canara Robeco Equity Tax Saver	16.17  (28-Dec)	12.03	12/28/2011
Taurus Tax Shield	30.00  (28-Dec)	12	12/28/2011
Fidelity Tax Advantage	18.63  (28-Dec)	8.69	12/28/2011
Sahara Tax Gain	31.04  (28-Dec)	8.5	12/28/2011
Franklin India Taxshield	187.49  (28-Dec)	8.41	12/28/2011
HDFC Taxsaver	192.85  (28-Dec)	5.72	12/28/2011
Sundaram Taxsaver	36.04  (28-Dec)	5.4	12/28/2011
ICICI Prudential Tax Plan	116.14  (28-Dec)	4.67	12/28/2011
HDFC LT Advantage	114.44  (28-Dec)	4.55	12/28/2011
Tata Tax Saving	38.97  (28-Dec)	3.84	12/28/2011

Open Ended  - Equity: Tax Planning -  Three Year Return
Fund	NAV (Date)	Returns(%)	Return as on
ICICI Prudential Tax Plan	116.14  (28-Dec)	28.29	12/28/2011
Canara Robeco Equity Tax Saver	16.17  (28-Dec)	27.26	12/28/2011
ING Tax Savings	25.52  (28-Dec)	26.46	12/28/2011
HDFC Taxsaver	192.85  (28-Dec)	26.03	12/28/2011
Fidelity Tax Advantage	18.63  (28-Dec)	25.09	12/28/2011
Franklin India Taxshield	187.49  (28-Dec)	25	12/28/2011
HDFC LT Advantage	114.44  (28-Dec)	24.29	12/28/2011
Taurus Tax Shield	30.00  (28-Dec)	23.49	12/28/2011
Religare Tax Plan	15.17  (28-Dec)	23.42	12/28/2011
Sahara Tax Gain	31.04  (28-Dec)	22.22	12/28/2011

Based on above data our picks for readers are (assuming equal distribution of investment amount):


1) Canara Robecco
2) HDFC Tax Saver
3) ICICI Prudential Tax Plan
4) Fidelity Tax Advantage






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