Good Tax Saving Funds

Q. I want to invest for both good returns & insurance cover. Suggest the best options. Pavan A. For life insurance, take a term plan from any insurer. For good returns, invest systematically in some well performing equity diversified funds like Franklin India Prima Plus, HDFC Equity or Reliance Vision. Q. Which would be the best funds for saving taxes under section 80C? A. For saving taxes choose from well rated ELSS funds. You can choose from HDFC Tax saver, Magnum Tax gain, Birla Sun Life Tax Relief '96, Sundaram BNP Paribas Taxsaver. Q. Can I invest my money in PMS schemes? Vandana Hake A. PMS services are ideal for HNI (High Networth Individuals) who do not have time t

This article was originally published on January 02, 2008.