Please suggest 2-3 good tax-saving funds. Where can I purchase them from?
-Ramprasad
You can invest in HDFC Taxsaver, Franklin India Taxshield or ICICI Prudential Taxplan, all of which are conservative tax-saving funds with a good performance history. If you want to go for an aggressive tax-saving fund, we would suggest Taurus Taxshield or Religare Taxplan. We believe that investors can afford to invest in aggressive tax-saving funds because the money you invest will be locked-in for 3 years.
This article was originally published on March 20, 2012.