{"id":740,"date":"2012-11-13T13:27:08","date_gmt":"2012-11-13T13:27:08","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?page_id=740"},"modified":"2016-05-28T11:55:00","modified_gmt":"2016-05-28T06:25:00","slug":"tax-saving-funds","status":"publish","type":"page","link":"https:\/\/www.fundsindia.com\/blog\/tax-saving-funds","title":{"rendered":"Tax saving funds"},"content":{"rendered":"

FundsIndia.com offers tax saving funds (ELSS funds<\/a>) from dozens of mutual fund companies.<\/p>\n

What are tax saving funds?<\/p>\n

A tax saving fund (also called Equity Linked Savings Scheme (ELSS)), is a mutual fund scheme that invests in equity & equity related securities. It has a lock in period of 3 years. Therefore, investments made in the scheme cannot be redeemed for a period of 3 years.<\/p>\n

As per Section 80C of Income Tax Act, individuals are allowed to invest up to Rs. 1.5 lakh in tax saving instruments, which will be deductible from their gross total income.<\/p>\n

Tax-saving mutual funds (or ELSS – Equity Linked Saving Schemes, as they are more popularly known), insurance plans, PPF, and NSC are some of the avenues where an investor can invest and save tax.<\/p>\n

Save Tax<\/span> Upto 1.5 Lakhs Under Sec80C <\/span><\/a><\/div>\n

What are the advantages of ELSS funds?<\/p>\n

Equity linked saving schemes are equity-oriented mutual funds with tax benefits. They score over other tax saving investment products in some respects.<\/p>\n

They have the lowest lock in period of three 3 years, and being market linked, they have the potential to generate good returns over the long term. Investors with moderate to high risk-appetite should seriously consider investing in these funds.<\/p>\n

Who offers tax saving funds?<\/p>\n

Almost all mutual fund companies offer tax saving mutual funds as part of their suite of fund offerings.<\/p>\n

What are the best tax saving funds?<\/p>\n

FundsIndia has done extensive research on tax saving funds and identified the best funds for you to invest in. You can look up these schemes here:<\/p>\n

http:\/\/www.fundsindia.com\/content\/jsp\/newtax.do<\/a><\/p>\n

Please take a look and happy investing!<\/p>\n","protected":false},"excerpt":{"rendered":"

FundsIndia.com offers tax saving funds (ELSS funds) from dozens of mutual fund companies. What are tax saving funds? A tax saving fund (also called Equity Linked Savings Scheme (ELSS)), is a mutual fund scheme that invests in equity & equity related securities. It has a lock in period of 3 years. Therefore, investments made in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":[],"yoast_head":"\nthe latest updates & schemes in which you can save tax under sec 80c through mutual funds.<\/title>\n<meta name=\"description\" content=\"Tax saving funds in FundsIndia\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"the latest updates & schemes in which you can save tax under sec 80c through mutual funds.\" \/>\n<meta property=\"og:description\" content=\"Tax saving funds in FundsIndia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/tax-saving-funds\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" 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