Investing In ELSS .

One of the many reasons people go for investement is to save taxes.ELSS or Equity Linked Saving Schemes are a wonderful medium to save taxes and at the same time earn substantial returns on the investments.

All the major AMC's ( Asset Managment Companies) have their own ELSS schemes.The investment under this schemes are mainly done on Mutual Funds.

Some of the major ELSS schemes which are performing really well in the market are:

1) Birla Sun Life Tax Relief 96

2) SBI Magnum Tax Gain 93.

Apart from this there are several other funds from other AMC houses as well.Before deciding on any particular fund, one should do a thorough research on the performance of the fund for in the past and then zero down upon one.

Experts , please post your comments as to what other factors one should look at while deciding upon a paticular ELSS scheme

Investment Frenzy

With the rise in the disposable income of individuals, bouyed by a resurgent economy and a bullish market, ivestment has become the buzz word in the market.Indians are no longer keen on keeping their money in safe deposits or converting into the yellow asset, so dearly coveted by the previous generation.

There is a deluge of investment opportunities out there in the market , and a new investor is really hardpressed in deciding upon the right investment product. Recently I decided to invest in Mutual Funds as I thought it would be far more safer than the equity market, so I went out to do a bit of research on the best performing mutual funds in the industry .Finally I decided to start this new thread on my blog to disucuss the various investment opportunities in the market and how to decide upon one.

This is an appeal to all the investment gurus to help beginners like me to find a foothold in the investment arena.....
I have zeored down on two fund one being the:- Sundaram Capex Opportunities Fund
and the other being the NFO by Birla Sun Life Ineternational Equity Fund.....

I would sincerely appreciate if any once could suggest as to how prudent it would be to invest in a NFO or it would be better to invest on an already existing fund.......