ELSS Finds (Equity Linked Savings Schemes) allows investors to claim a deduction up to Rs. 1,50,000 under section 80C of Income Tax Act.
ELSS products stand out among other tax saving options, given its potential for superior Wealth Creation in addition to the taxation benefits.
Also the entire proceeds are tax-free after the completion of 3 year lock-in period. So, by investing in ELSS Mutual Funds, you not just get tax savings, but also potential to grow your money. And your tax stays in your name.
Tax Saving Options
Investment Option | Lock-in Period | Returns | Tax status on returns |
Public Provident Fund | 15 Years | 8.10% | Tax-free |
National Saving Certificate | 5/10 Years | 8.10% | Taxable |
Bank Tax Saving Fixed Deposits | 5 Years | 7.0% | Taxable |
Average Industry Equity Linked Saving Scheme | 3 Years | 16.64%* | Tax-free |
Top 4 Tax Saver Mutual Funds for 2017 - 2018
Best 4 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. BNP Paribas Long Term Equity Fund
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGetRich on 94 8300 8300
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