Best Tax Saving Fund

Which tax saver fund is now best to invest? Please guide. Tapse raghunath rao Choose from well rated five star funds like Magnum Tax Gain, Sundaram Tax Saver, HDFC Tax Saver or Birla Sun Life Tax Relief 96. These funds have been performing well. At this stage, which fund can give good returns in short term. Amit Do not invest in equity mutual funds for a short term. For short term opt for some well rated short term debt funds like Reliance Short Term or TATA Short Term Bond. Is it beter to invest in NFO or existing mutul funds. Which would you advice. Dr Krunal It is always better to invest in existing mutual funds which have a good track record and are well rated. New mutual fund schemes do not have any performance history and hence it is tough to evaluate them. Investing in experienced funds is a better strategy. I am a new investor & am not aware of any market strategies. Please advise which fund to invest for long term

This article was originally published on March 19, 2008.