Benefits of Tax Saving Mutual Funds In India
- If you can't afford to put in large sums to invest then the investing in ELSS can begin with Rs. 500 and has no upper limit, unlike PPF and NSC.
- While there is no upper limit, only investments worth Rs. 150,000 will be eligible for tax benefits.
- Investments made in tax saving mutual funds come with lock in periods of 3 years.
- As a result of being mutual funds these investments come with an inherent risk factor which can either low, medium or high based on where the funds are invested.
- Typically, tax saving mutual funds are ELSS (Equity Linked Savings Schemes) and open ended.
- These mutual funds also offer nomination facilities.
- Many of the ELSS schemes will feature entry and exit loads. These are the fees paid to the mutual fund providers.
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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