Which are the good tax saving funds for 3 years? Arjun Nayak, 23 Nov 2012

I want to invest around 50,000 per year for 3 years. in Tax Saving Mutual Fund.Please suggest some SAFE PLAN, which will at least return my invested money. It can be more than 1 plan.

Fintotal Answer

Investing in one good tax saving mutual fund i.e. ELSS fund is enough to take care of your tax needs. More schemes will only add to confusion. The tax saving fund are equity funds so they can be used for achieving long term financial goals if held for more than 5 years. Pick any one of the below funds- ICICI Prudential Tax Plan, Franklin India Tax Shield, Canara Robeco Equity Tax Saver Fund.

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