Best Tax Saving Funds

August 11th, 2009 • Related • Filed Under

Filed Under: Featured • Mutual Fund • Tax planning Tags: Birla Sun Life Tax Relief 96 • Canara Robeco Equity Tax Saver • Dividend • DSP Blackrock Tax Saver • ELSS • Fidelity Tax Advantage • HDFC Tax Saver • Kotak Tax Saver • Principal Personal TaxSaver • SBI Magnum Tax gain • Tax • Tax planning



Image Credit : alancleaverWhen it comes to Tax Saving and ELSS Funds I prefer to invest in funds where I get maximum dividend and that way I do not need to invest my full amount and also get the Tax benefit of full amount invested. Read how if you still have not read – Full tax saving without investing one lac. Now many people ask me about how to know the dividend history of funds and so for them I have Dividend History of Mutual Funds.



So now using the methods discussed in the above two articles I would list some of the best Tax Saving funds. The list of funds I have selected are based on criteria of consistent dividend for a longer period of time.



Birla Sun Life Tax Relief 96

Best Dividend ever by any Tax saver fund I know off.



Record Date    Rate of Dividend

Jun 27, 2008     50 %

Mar 25, 2008    200 %

Mar 16, 2007    500 %

Jan 19, 2007     260 %

Dec 8, 2006    250 %



Principal Personal TaxSaver

One more best dividend Tax saver fund I know off. Principal Personal TaxSaver has given probably the best dividend in the most difficult time.



Record Date   Rate of Dividend

Mar 25, 2008    400 %

Feb 26, 2008    200 %

Dec 31, 2007    110 %

Oct 30, 2007    110 %

Mar 13, 2006   100 %



SBI Magnum Tax gain

Yet another fund by SBI Mutual Fund house which has very good track record when it comes to return as well as dividend.



Record Date     Rate of Dividend

May 29, 2009     28 %

Feb 15, 2008     110 %

Mar 2, 2007        110 %

Mar 10, 2006     150 %

Jun 10, 2005      102 %



HDFC Tax Saver

Not into one of the best dividend rate like above funds but very consistent when it comes to dividend and also return of this fund is also worth investing.



Record Date    Rate of Dividend

Mar 6, 2009      50 %

Mar 7, 2008       80 %

Mar 8, 2007        75 %

Mar 17, 2006     75 %

Feb 17, 2005      50 %



Canara Robeco Equity Tax Saver

Not as good as above ones, but best when it comes to return of the fund.



Record Date    Rate of Dividend

Mar 28, 2008    30 %

Mar 15, 2007    60 %

Mar 16, 2006    40 %

Mar 18, 2005    25 %

Mar 26, 2004    15 %



Apart from the above old funds I also expect some good returns for some of the new tax saving funds which till date have not recorded good dividend but that is may be because of the current market situation for last one year or so and so they deserve mentioning.



Fidelity Tax Advantage

Record Date   Rate of Dividend

Mar 13, 2008   15 %



DSP Blackrock Tax Saver
 
Record Date     Rate of Dividend

Feb 29, 2008      3 6 %



Kotak Tax Saver

Record Date     Rate of Dividend

Feb 8, 2008        35 %

Feb 20, 2007      30 %



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