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Tax Treatment

The best performers in the past may not be the best investing options today

If I invest in DSPBR Top 100 and HDFC Top 200 through an SIP for a period of five years, would it turn out well. Also, if I want to invest in a tax saving fund, which one should I opt for?

Since this is the fag end of the tax season, we’ll answer your second question first. Magnum Taxgain has, over the last five years, posted the highest returns. However, HDFC Tax Saver is also a good fund.

But that was then. If one talks about the present day, if one has to choose two or three funds, then these funds might not be eligible for that. The funds that we would recommend today are Canara Robeco Tax Saver, Fidelity Tax Saver or DSPBR Tax Saver.

If one has to choose one or two equity funds at the initial stage of the investing journey then HDFC Top 200 and DSPBR Top 100 are good options. 

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