Top tax saving funds

This is that time of the year when you will look at investments. I prefer ELSS mutual fund tax saving investments while compared to others like insurance. It gives better returns ofcourse this has not been the case who invested in the last few years.

All the tax saving funds needs to be continues for more than 3 years. Expecting that the recession hit stock market will recover before that time, I feel its a good time to invest in ELSS tax saving funds.

So while investing in these funds better go for the funds that have been performing well for a long time. While considering this criteiria of proven records the ones the funds that come to my mind are :-

1. SBI magnum fund
2. Birla sun life tax saver 96
3. sundaram tax saver

We need to consider proven records while investing in any mutual fund because you are going to hand over your money to be managed by a fund manager who needs to have a good record. If he is new to this field then its a big risk you will be taking. Not worth it...

Another advise I would like to give is that while investing in mutual funds dont bother to look at NAV's because that hardly matters. After you invest all that matter is by what percentage the funds go up or down. Since the percentage is what matters your money in either funds doesnt hardly make any difference