Friday, May 18, 2012
by
Indian Real Estate News
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INVESTMENTS in an Equity Linked Savings Scheme (ELSS) of a mutual fund have yielded higher returns compared with other instruments like public provident fund (PPF) and national savings certificates (NSC) in the past few years, a report by Crisil has said.
Our analysis shows that ELSS gave 26 per cent and 22 per cent annualised returns over three and 10 years, respectively, vis-a-vis 8-9 per cent offered by traditional tax-saving investment products such as PPF and NSC, Crisil said.
Crisil added that interest on EPF for 2011-12 was slashed to 8.25 per cent from 9.5 per cent in the previous year and, thus, ELSS can act as a strong alternative to investors.
Though the traditional debt products are considered to be relatively safer bet as they are not affected by volatility, they are unable to generate higher inflation adjusted returns in the long run.
The PPF accounts fetched 8.12 per cent over the past 10 years, and in the similar period, the NSC gave an interest of 9.10 per cent.
The average inflation over the past 10 years stood at 6.05 per cent.
ELSS is not only an attractive option to save tax, but also helps create wealth over the long run. ELSS as a category has outperformed the Nifty-500 across 3 and 10 years. With average inflation around 7 per cent over the past three years, top Crisil-ranked ELSS gave an inflation adjusted return of 14 per cent, which is significantly higher than returns offered by other tax-saving products.
The rating agency, however, cautioned that the ELSS investment requires some amount of market risk and had to cherry pick those schemes which have performed consistently well.
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- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
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