ELSS vs Bank Recurring Deposit

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Tax Planning funds, or ELSS, have a three year lock-in on the investment and you can invest in any of these three funds: DSP Blackrock Tax Saver, HDFC Tax Saver  and ICICI Prudential Tax Plan. All these are highly rated with a proven track record and performance history.

 

It will be unfair to compare a 3-year bank Recurring Deposit (RD) with an ELSS scheme because the bank RD guarantees the return compared to the ELSS. Moreover, over a three-year time frame, ELSS is tax efficient compared to the bank RD and with its equity exposure has the potential to earn a higher rate of return.

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Best Performing Mutual Funds

1. Largecap Funds:
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds
1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
3. Mid and SmallCap Funds
1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
4. Small and MicroCap Funds
1. DSP BlackRock MicroCap Fund
5. Sector Funds
1. Reliance Banking Fund
2. Reliance Banking Fund
6. Gold Mutual Funds
1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund