PPF AND VPF
Though the ultra-safe PPF has slipped to fourth place in the ranking this year, it still remains a good option for the conservative investor who doesn't mind earning less as long as the returns are assured. It's been almost four years since the PPF rate was linked to the benchmark bond yield. But bond yields have stayed buoyant in the past four years so the PPF rate has not fallen. However, the government has indicated that it will review the interest rates on small savings schemes, including the PPF and NSCs.
If this is a worry, opt for the Voluntary Provident Fund. It offers that same interest rate and tax benefits as the Employees' Provident Fund. Given the political implications of reducing the interest rate on the EPF, it is unlikely that the VPF rate will see a cut in the near future. What's more, there is no limit to how much you can invest in the VPF. The best part is that the contribution gets deducted from the salary itself so the investor does not even feel it go.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
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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