I am planning to invest Rs 40,000 to 50,000 for tax saving purposes. Could you please suggest me some good Equity Linked Savings Schemes (ELSS)?
-Kapil Sharma
Tax saving schemes not only helps us save tax but they also perform well and give decent returns in the long-term. You can choose from Magnum Taxgain, Sundaram BNP Paribas Taxsaver, Franklin India Taxshield and Canara Robeco Equity Tax Saver.
This article was originally published on March 10, 2009.