ELSS Schemes for Tax savers

This month I got the salary for July, along with the regular salary I got the some training fee. I planned to invest in the Mutual Fund. My Preferences would be Fidelity Tax Advantage Fund or SBI Magnum Tax Saver. I thought of investing in the Fidelity Tax Advantage Fund as the NAV of the fund is lower. It is 14.5 right now, the all time high is 15.2 and all time low is 13. This I found in the AMFI site. It is very helpful as it enables the investors to see the details about all the schemes at a single door step.

I found some of the ELSS Schemes from various MF Vendors in the AMFI Site.

Some of the links that will help you regarding MFs are:

1) AMFI India - Association of Mutual Funds in India
http://www.amfiindia.com - this site will give you details about the norms and conditions of Mutual fund organizers and provides certifications for MF intermediaries. You can also see the latest NAVs of all the schemes in this site.

2) Value Research Online
www.valueresearchonline.com - this site will help the beginners and it has some tools which enables the investors a better understanding of the market.

Some words i come across today:

1) Intermezzo – A short musical performance performed between the main performances.
2) Lacquered (V) - Coat with lacquer (a kind of Varnish)
3) Take by Storm (V) – To Capture by force
To rapidly gain popularity in a place
4) Clairvoyant(N) – Someone who has the power of Clairvoyance (Apparent power to perceive things that are not present to the senses)