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Dividend paying ELSS

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Dividend paying ELSS

Discuss About Equity Linked Savings Schemes. Systematic Investment Plans and Other Tax Saving Funds

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#1 (permalink)

19th October 2007, 12:39 AM

pseudonym

Join Date: Oct 2007

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Dividend paying ELSS

Hey,

Half year through the financial year, its time to start planning for tax saving. Instrument i invest to save TAX is ELSS only.
I am looking out for a good tax saver fund that pay good dividends @ regular intervals.
Eg. Birla Sun Life Tax Relief 96

Quote:

Record Date Dividend
(Rs/unit)
16-Mar-2007 50.00
19-Jan-2007 26.00
08-Dec-2006 25.00
27-Apr-2006 50.00

I had invested in this fund (which is well rated fund) in 2006 and have received almost 50% of my investment back in for of DIVIDEND.
Now that serves three purposes:

Saves TAX
No Liquidity Crunch as you get about half of the amount back
Rest of the amount is SAVINGS which is locked for three years

It would be great if someone can throw light on such funds. I am looking @ buying ELSS as mkt remains volatile so as to enter @ lower NAVs.

Thanks.

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