Select a fund that has a proven track record and history
19-Jan-2011 •Research Desk
I would like to invest Rs 30,000 in ELSS schemes to save tax. Please suggest the best schemes. I have been investing Rs 1,000 in Canara Robeco Equity Tax Saver since June 2010
— Vishnu Vardhan
In Canara Robeco Equity Tax Saver, you have a 5-star rated fund, which has a proven track record and performance history. You can invest the additional Rs 30,000 in this fund as lump sum or in instalments over the next three months to avail tax benefits. You may also consider investing in Fidelity Tax Advantage or HDFC Taxsaver if you wish to invest in a second fund in this category.