Are tax saver still a good option than PPFs, FDs? Anand, 29 Dec 2012

I intended to invest in two more SIPs for tax saving next calender year. Which funds do you recommend? Also are tax saver funds still a good option than PPFs, FDs?

Fintotal Answer

Hi Anand.Invest in any one of these ELSS funds for tax saving - ICICI Prudential Tax Plan, Frankiln Tax Shield and Canara Robeco Equity Tax Saver Fund. ELSS funds (tax saver) have various advantages over PPFs, 5 year fixed deposit and Provident fund such as - it has lowest lock-in period of just 3 years; it is meant for long term invesment and equities wins over debt in terms of return if kept for long term. Read article All you want to know about ELSS.

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