Top 10 ELSS Mutual Fund for Feb 2012

As per Section 80C of Income Tax Act 1961, individuals are allowed to invest upto 1 lakh in Tax saving instruments, which will be deductible from their Gross Income.
Equity Links  Saving Schemes (ELSS) are those mutual fund schemes that help you save taxes as well as generate decent returns. But last one year ELSS schemes not performing very well it's -ve returns. If your view is long term it's good opportunity to Invest low NAV's.
My favorite ELSS Fund is AXIS Long Term Equity

Here is list of few ELSS schemes that use should consider for investing. For Feb 2012

                                                                                                Returns %

	Scheme Name	AUM	NAV  10 Feb	1 yrs	3 yrs	5 yrs
1	Axis Long Term Equity	137.51	12.60	12.50	-	-
2	HDFC Tax Saver	2880.17	221.71	2.49	32.07	8.36
3	Fidelity Tax Advantage	1124.8	21.11	4.66	29.56	10.01
4	CanRobeco Equity Tax Saver	307.47	25.75	7.53	33.14	13.11
5	Franklin India TaxShield	193.75	210.78	9.32	29.29	9.80
6	ICICI Pru Tax Plan	123.26	136.18	4.27	35.38	8.10
7	HDFC LT Advantage	819.52	132.23	4.38	30.59	6.53
8	Tata Tax Saving	123.88	41.74	4.69	26.19	5.11
9	Reliance Tax Saver	1841.22	20.79	10.58	29.12	6.03
10	Kotak Tax Saver	427.41	17.32	2.65	23.95	2.95

data source : value research

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