Benefits of Tax Saver Mutual Funds In India for 2016

 

Benefits of Tax Saver Mutual Funds

 

There are lots of benefits to be gain from investing in a tax saving mutual fund. These are some of them:

• The first and most obvious benefit is that the investments are eligible for tax benefits up to Rs. 1.5 lakh.
• The second benefit is that long term capital gains are not taxed.
• Investments in these funds can be made as a means to plan for future expenses like buying a car or paying the down payment for a house.
• These plans allow investors to invest on a monthly basis via an SIP (Systematic Investment Plan) thereby negating the need to invest in one go.
• The funds are not invested in one place; the portfolios are kept diverse so as to minimise the risk of massive losses.
• If you choose not to withdraw the investment, it will continue to grow and turn into savings for a rainy day.
• While you may not be able to withdraw the principal, you can withdraw the dividends earned, even during the lock-in period.
• While other investments offer lock-in periods of 6 to 15 years, these mutual funds tend to offers only 3 years of a lock in period.
• Since these schemes are open ended, investments in them can be made all year round.
• The particular fund that an investor invests in is run by a qualified funds manager thereby negating the need for investors to have knowledge of the markets.

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

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