Dividend or Growth option?
If you are in the lower tax bracket of 10 per cent or 20 per cent, it may make sense to go for the growth option
If you are in the lower tax bracket of 10 per cent or 20 per cent, it may make sense to go for the growth option and redeem a fixed amount every three months. This is because the applicable tax rate (10.3 per cent or 20.6 per cent) on capital gains is much lower than the dividend distribution tax (28.84 per cent) mutual funds pay on declared dividends. However, those in the highest tax bracket of 30 per cent may save a little by opting for the dividend option because of the marginal difference in tax rates (28.84 per cent DDT vs 30.9 per cent applicable tax slab).
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
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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