Three year locking period was completed In January 2013 for all the investments done in 2010.
My observation during these three years:
1. Fixed deposit or PPF is better option for tax saving.
2. ELSS mutual fund returns are not good. Instead it is better to invest in PPF for tax saving purpose.
3. Investing in Good stocks if you want to get benefit of appreciation from stock market as Good stocks will give returns better than ELSS Mutual funds as there is additional cost involved in mutual funds like fund management, employee cost, commissions etc.
Details of Redemption:
| Fund Name | Purchase Date | Purchase Amount | Sell Date | Sell Amount |
| Kotak Taxsaver - Dividend (KM100) | 21/12/2009 | 2000 | 07/01/2013 | 2563.15 |
| Reliance Tax Saver Fund - Dividend (RC182) | 07/01/2010 | 5000 | 18/02/2013 | 4802.12 |
| SBI Magnum Tax Gain Scheme 93 - Dividend (SB023) | 07/01/2010 | 5000 | 18/02/2013 | 4015.40 |
| Birla SunLife Tax Relief 96 - Growth (BM382) | 07/01/2010 | 5000 | 10/01/2013 | 5440.54 |
| HSBC Tax Saver Equity Fund - Dividend (HS107) | 07/01/2010 | 3000 | 18/02/2013 | 3361.75 |
| Religare Tax Plan - Dividend (LT011) | 08/01/2010 | 2000 | 29/05/2013 | 2077.75 |
| HSBC Tax Saver Equity Fund - Dividend (HS107) | 27/01/2010 | 2000 | 18/02/2013 | 2241.16 |
Dividend is also credited for few dividend schemes and Details of dividend is as below:
- Reliance Tax Saver Fund - Dividend
- 11-Feb-2011 : 520
- 29-Mar-2012 : 520
- 25-Jan-2013 : 243
- Total Dividend: 1283
- Religare Tax Plan - Dividend
- 20-Jan-2011: 312
- 30-Mar-2011: 117
- Total Dividend: 429
- HSBC Tax Saver Equity Fund - Dividend
- 19-Feb-2010: 373
- Total Dividend: 373
- SBI Magnum Tax Gain Scheme 93 - Dividend
- 22-Mar-2012: 394
- 18-Mar-2011 :450
- 05-Mar-2010 : 450
- Total Dividend: 1294
