[Gujarati Club] ELSS v/s. other Investments

 

Dear sir   We will suggest following 2 ELSS funds and reasons for the same.   Sundaram Tax Saver :   Rs.26.50 dividend (265%) declared during last 5 years NAV : Rs. 14.23 Only as on 11.09.09            Investment in Largecap "A" Group Stocks : 95 %   Ø      Seven Star Gold Award Winner 2009 from ICRA for last 3 yrs performance. Ø      CPR-1 Ranking by CRISIL (Dec'08). Ø      5* Rating by Value Research (Jan'09)..       As on 31.08.09 1 Year 3 Year 5 Year 7 Year 9 Year Since Inception Sundaram BNP Paribas Tax Saver     20.20 19.30 33.20 36.50 25.20 23.00 Benchmark BSE200   9.40 11.70 23.30 26.80 17.00 14.70   Kotak Tax Saver : 30% & 35% dividend declared during last 2 years             NAV : Rs. 9.26 only as on 11.09.09 Investment in Largecap "A" Group Stocks : 88-90 %   Why ELSS (Mutual Fund) is better tax saving instrument than others because of followings :   N.S.C. :                       Lock in Period : 6 years       Interest Income – Taxable                                      Return : 8%   PPF    :                        Lock in Period : 15 years      Interest Income – Tax Free                                      Return : 8%   Bank F.D. :               Lock in Period : 5 years Interest Income - Taxable Return : 9%   Mutual Fund :          Lock in Period : 3 years      Interest Income – Tax Free                                     Return :  15-20%     So, Grab this opportunity of Investing in bad market conditions as history shows investing in bad times and selling the same in good times always give huge profits.   Thanks & Regards Nikhil Vadia  - 98197 55658

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