ELSS are market-linked tax-saving mutual fund plans which come with a three-year lock-in -the shortest lock-in among all the tax-saving instruments available in the market. But there's a risk caveat financial advisers repeatedly stress on for this instrument for most investors. These are one of the best investment avenues that investors should consider, provided their risk profile matches the risks associated with investing in ELSS plans. Compared to ELSS and bank fixed deposits, PPF has an effective lock-in of seven years. In insurance, most products other than term plans that qualify for tax sops require the buyer to pay premiums for at least three or five years, else he / she will lose the entire premium and not get any return on the previous years' payments.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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