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Thursday, April 13, 2017

Tax Free NRE FDs vs Debt funds for NRIs


They may be a little better than debt funds. Looking at a debt fund over a three year holding period, your tax liability will be the appreciation less indexed capital gains so your effective tax rate on the gains will be less than 10% after indexation.

Considering debt fund returns of about 8% and 10% taxation, you might be better off quantitatively with debt funds. But you don't get guaranteed returns in a mutual fund.

So in terms of simplicity and guarantee, the differential will not be very much.

With somewhere between 7-7.5% in a mutual fund compared to 6-6.5% in a tax free deposit you have to see if the premium is worthwhile.




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Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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