Top Five Equity Linked Saving Schmes (ELSS) which also save Tax

Rajesh Soni takes a look at the top 5 tax saving Mutual Funds for the purpose of claiming tax benefits under Sec. 80C of Income Tax Act. He has analysed them on their returns as well as the risk profile (standard deviation)

The top five based on return and risk profile is as under:

1.SBI Magnum Tax Gain

2.HDFC Long term advantage Fund

3.HDFC Tax Saver

4.Birla Equity

5.Franklin India Tax Shield