INVEST IN EQUITY LINKED SAVINGS SCHEME
Lowest Lockin Period:
• The ELSS has a lowest lock-in period of 3 Years when compared with other tax savings investment options like ULIPs (5yrs), Public Provident Fund (15yrs) or National Savings Schemes (5yrs)
No Tax on Capital Gains:
• As ELSS scheme has a lock-in period of 3 Years. Returns generated on the ELSS attract zero capital gains tax as long term capital gains tax on equity investments is zero
Tax Free Dividends:
• The dividend received from an ELSS scheme, being equity scheme, is tax-free in the hands of the investors thereby making it a complete tax-free instruments which is not available in case of Bank Fixed deposits, or National Savings Certificates (NSC)
Potential for Higher Returns:
• Equity investments are subject to market risk and the risk increases over the shorter term. However, equities have potential to generate better returns over the longer time horizon compared to other fixed interest rate tax saving options
Top 10 Tax Saver 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
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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