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Saturday, January 9, 2016

Tax Saving ELSS Mutual Funds Vs PPF and NSC and Bank FDs

 

Tax Saver ELSS Mutual Funds Vs PPF and NSC and Bank FDs for 2016

 

 

Mutual Funds

Public Provident Fund

National Savings Certificates

Fixed Deposits

Minimum investment

Rs.500.00

Rs.500.00

Rs.100.00

Rs.100.00

Maximum investment

Unlimited

Rs. 1.5 lakhs per year

Unlimited

Determined by bank

Returns

Not guaranteed

Guaranteed

Guaranteed

Guaranteed

ROI

Determined by the market situation

8.70% per annum (approximate)

8.50% per annum (approximate)

Up to 9% per annum

Income tax benefit

Yes

Yes

Yes

Yes

Tax on returns

None for long term capital gains

None

Yes

Yes

Safety

Risky

Safe

Safe

Safe

Lock in period

3 years

15 years

6 years

None

Premature withdrawal

Not allowed

Partial withdrawal after 6 years

Not allowed

Allowed with penalty

While investments like PPF, FD and NSC may offer a safe environment to invest in, the returns from these investments are limited due to the fixed interest that it can earn in a year. With mutual funds, there may be a risk to the investment but they offer the shortest lock-in periods and the best returns because if the markets do well and the economy progresses, the returns also improve.

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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