Tax Saving Mutual Funds

[magnet]

If my opinion is considered, i would suggest you to go for SBI Magnum TaxGain. Choosing a government firm is wise. As far as safety is concerned, you can rest assure.

SBI is a government company but that doesnt mean its safest.I have invested 5k around 5 years back its value is not even 3k right now.
Also see last 5 years return its on top 10 of worst performing tax savings fund.

Its hay days are over around 2005-2006 when its hero fund manager left the company.

Also being a government .They invest in worst performing government assets what i have seen so they keep remain floating and tax payer money goes down the drain.

[Madhura]

Magnet - I am believer of reviewing my mutual funds every year (yes, you cannot withdraw before three years in ELSS :-() but you can avoid further investing in it. And UTI US 64 everyone aware about is also govt. backed.