We will suggest following 2 ELSS funds and reasons for the same.

1. Sundaram Tax Saver :

Rs.26.50 dividend (265%) declared during last 5 years

           NAV : Rs. 7.47 Only as on 09.03.09

           Investment in Largecap “A” Group Stocks : 95 %

2. Kotak Tax Saver :

30% & 35% dividend declared during last 2 years

            NAV : Rs. 4.92 only as on 09.03.09

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 will always give huge profits.

Please note that we have offices all over India.

Thanks & Regards

Nikhil Vadia  - 98197 55658