[Gujarati Club] Income Tax Saver - Product comparision - Last chance to invest for current year

 

Dear Friends   Most of the people are very confused about where to invest Income Tax exemption investment (80c)?  Hope you will get the idea after reading the below option.   We will suggest following 3 ELSS funds and reasons for the same.   Invest in Birla Century SIP (Monthly) and get Free Insurance (100 times of your  Installment).   If you had invested Rs. 5,000 monthly sip in Birla Sun Life Tax Relief'96 since 1996 (60,000 per year) then Value of the same will be 94,56,210/- today in the span of 14years (Details given in the table below).   2,270% Dividend (Rs.227/-) declared since inception (from last 14  years)   Birla Sun Life Tax Relief-96 adjudged "World's Best-Performing Equity Fund" by Lipper for 14 year best Performance.   There are 3 major benefits of investing in the Birla Sun Life Tax Relief '96 You will get Income Tax Benefits + Insurance + High returns in the above scheme.     BSE 200 BSL Tax Relief '96 Total Amount invested    8,40,000  8,40,000 Current Value of investments 29,01,670 94,56,210     Fund Performance Comparison as on 18.03.10   Birla Sun LifeTax Relief 96 - Dividend 1 Year 5 Years Since  Inception  Birla Sun LifeTax Relief 96 - Dividend (NAV: Rs. 80.17) 97.95% 32.70% 46.58% BSE 200 105.36% 19.06% 14.70%      2.   Sundaram Tax Saver :   Rs.30.50 dividend (305%) declared during last 6 years NAV : Rs. 12.05 Only as on 18.03.10            Investment in Largecap "A" Group Stocks : 95 %         Seven Star Gold Award Winner 2009 from ICRA for last 3 yrs performance.       CPR-1 Ranking by CRISIL.       5* Rating by Value Research.       As on 18.03.10 1 Year 3 Year 5 Year Since Inception Sundaram BNP Paribas Tax Saver      80.20 14.80 23.40 22.20 Benchmark BSE200  98.30 10.30 18.20 14.60      Kotak Tax Saver : 30% & 35% dividend declared during last 3 years             NAV : Rs. 10.30 only as on 18.03.10 Investment in Largecap "A" Group Stocks : 88-90 %   Why ELSS (Mutual Fund) is better tax saving instrument than others because of followings :   80C Investment options Tax Free Income Tax Free Maturity Loack in Period Annual Return Mutual Fund ELSS √ √ 3 years 15% - 25% PPF √ √ 6 years 8% NSC No No 6 years 8% 5 Yrs Bank Deposit No √ 5 years 8% Life Insurance √ No           In case of query, feel free to contact us.   Thanks & Regards Nikhil Vadia  - 98197 55658

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