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PPF Account for a Major daughter

 

Open a PPF account Online

If you continue with your daughter's account, she will not be able to open another Public Provident Fund (PPF) in her name

If you continue with your daughter's account, she will not be able to open another Public Provident Fund (PPF) in her name. As per the law, there can be only one PPF account in the name of a person. You can let her take over her account. She can invest in it and claim a tax deduction of up to R1.5 lakh under section 80C of the Income Tax Act.
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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

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

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