Axis Long Term Equity Fund

Axis Long Term Equity Fund has to be the pick of the lot. Both CRISIL and Value Research Online have rated the fund as "five-star". In the last one year the fund has generated a one year return of a huge 71 per cent. Some of the bluest of blue chips form part of the fund's portfolio which makes it a worthy pick.

Again rated well

This fund has once again been rated number one both by Crisil and Value Research Online. The SIP investment in the scheme is for a small amount of Rs 500. The fund has given a one year return of 101 per cent. Stocks in its portfolio include blue chip names like State Bank of India, Tata Steel and ACC.

BNP Paribas Long Term Equity Fund

BNP Paribas Long Term Equity Fund has been ranked as number two by CRISIL, while Value Research Online has accorded it a 5 star rating. The fund has generated a one year return of 54 per cent, which is not as high as the previous two. There is no exit load in the fund and the minimum SIP Investment is Rs 500. The portfolio comprises blue chip names like HDFC Bank and Bharti Airtel.

ICICI Prudential Tax Plan

Since launch in 1999, the ICICI Prudential Tax Plan has given a whopping return of 23 per cent. This is way higher then what one would have got in a bank fixed deposit. The year to date return has been around 50 per cent. The portfolio comprises blue chip stocks like Reliance Industries, HDFC Bank and ICICI Bank.

Principal Tax Saving Fund

Principal Tax Saving Fund has been rated number two by CRISIL, while it has a 4-star rating from Value Research Online. In the last one year the fund has generated a return of 50 per cent, while the year to date return is slightly more than 50 per cent. A good bet for those who are seeking long term returns.

Good Ratings Again

Religare Invesco tax plan has been rated number two by Crisil. Morning Star has accorded the fund a 4-star rating. Good for those who have a long term-perspective in mind.