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Its almost 2009 and we would have already started preparing the papers for the income tax filing for year 2008-2009 and so we will be looking for the ELSS funds to invest , I’m already getting mails from so many of you asking which ELSS fund to invest , What i have done here is i have gone over various mutual fund site and have come with the pick of may be 35 ELSS Funds.
They are graded based on the following

1.How old they are
2.What was the return over a year – Sorry everything will be negative only as you know how the market was.
3.Risk Involved
4.How much expenses is involved to acquire the ELSS Fund.

Disclaimer

We dont hold any of this Fund and im not recommending any fund in particular you decide it and have given links to various Fund information here so do your match and invest wisely.

ELSS Fund Details.

Fund Name Launch
Date		 Rank Risk Return Return %
for 1 year		 Expense
factor
Magnum Taxgain Mar-93 5 Below
Avg.		 High -55.63 2.5
Sundaram BNP Paribas
Taxsaver		 Nov-99 5 Below
Avg.		 High -48.62 2.24
Canara Robeco Equity
Tax Saver		 Mar-93 4 Avg. Above
Avg.		 -47.76 2.5
Franklin India Taxshield Apr-99 4 Low Above
Avg.		 -50.14 2.24
HDFC Taxsaver Mar-96 4 Below
Avg.		 Above
Avg.		 -52.48 1.98
Principal Personal Tax Saver Mar-96 4 Above
Avg.		 Above
Avg.		 -61.65 2.3
Sahara Tax Gain Mar-97 4 Avg. Above
Avg.		 -49.44 2.5
Birla Sun Life Tax Plan Feb-99 3 Avg. Avg. -57.2 2.44
Birla Sun Life Tax Relief 96 Mar-96 3 Above
Avg.		 Avg. -63.4 2.21
HDFC LT Advantage Dec-00 3 Low Avg. -52.68 2.15
Principal Tax Savings Mar-96 3 Above
Avg.		 Avg. -65.06 2.35
Tata Tax Saving Mar-96 3 Avg. Avg. -54.95 1.16
Taurus Tax Shield Mar-96 3 High Avg. -54.17 2.49
UTI Equity Tax Savings Dec-99 3 Below
Avg.		 Below
Avg.		 -55.02 2.33
Baroda Pioneer ELSS 96 Mar-96 2 Avg. Below
Avg.		 -57.13 1.69
ICICI Prudential Tax Plan Aug-99 2 Above
Avg.		 Avg. -56.34 2.1
Kotak Tax Saver Oct-05 2 Above
Avg.		 Below
Avg.		 -59.28 2.3
LICMF Tax Plan Mar-97 2 Avg. Below
Avg.		 -57.23 1.26
Reliance Tax Saver Aug-05 2 Below
Avg.		 Below
Avg.		 -53.14 1.91
DBS Chola Tax Saver Oct-05 1 Avg. Low -58.77 2.49
ING Tax Savings Mar-04 1 High Low -64.95 2.5
DSPBR Tax Saver Dec-06 – – -55.64 2.23
DWS Tax Saving Feb-06 – – -57.66 2.25
Escorts Tax Plan Mar-00 – – -59.18 2.5
Fidelity Tax Advantage Jan-06 – – -50.34 2.06
Fortis Tax Advantage Plan Dec-05 – – -65.46 2.44
Franklin India Index Tax Feb-01 – – -52.56 1.5
HSBC Tax Saver Equity Dec-06 – – -52.1 2.36
Lotus India Tax Plan Dec-06 – – -48.73 2.5
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