What are tax saving funds?

Tax saving funds are the diversified equity schemes with a lock in a period of 3 years. Equity Linked Saving Scheme is a Tax saving tool. The main advantage of ELSS scheme has enabled tax benefits under section 80c upto Rs. 1.5 Lakh and has the growth potential of Equities.

Why Invest in Tax Saving Funds?

1) Earning Potential : Since ELSS mutual funds invest in equity related instruments, these schemes would help you to grow your money over a period of time.

2) Save Tax u/s 80C up to Rs 1.5 Lakh: By investment in ELSS mutual funds, you are eligible for tax exemption up to Rs 1.5 Lakh u/s 80C.

3) Shortest Lock-in period of 3 years:ELSS mutual funds come with the shortest lock-in period of 3 years with comparison to other tax saving investments.

4) Tax Free Returns : : None of the returns from tax saving investment options other than PPF are tax free. All the tax saving schemes returns are taxable based on individual tax slab. However, interest in Public Provident Fund is tax free, but that comes with a 15 year lock-in period

Tax benefit schemes of mutual funds are very important for all investors and they must plan early for tax saving. Many of us delay these decisions for the year end, but that may result in a poor investment plan as you invest in haste. We offer great opportunities for tax saving investments in India. Compare all tax saving mutual funds and get regular updates with us and start investing money online for your tax benefits. We have lot of tax saving options so that you could secure future. Feel free and join us for better tax benefits. We are a Platform that can help you build wealth over the long term and help you save tax, at the same time. Our web based online investment portal is very user friendly and in no time you can make your investments. We provide best investment plans to save tax under section 80C of the income tax Act. Section 80C allows you for deductions for Investments in Specified instruments and investing in tax saving mutual funds.

How ELSS Scores over other Tax Saving Options

PPF NSC Fixed Deposit ULIPs ELSS
Lock-in period (Years) 15 5-10 5 5 3
Minimum Investment Rs. 500 Rs. 100 Rs. 1000 Rs. 10,000 Rs. 500
Historical Returns @ 8% @ 8% @ 6.85% @ 5-7% @12% -15%
Tax on gains Tax Free Tax on interest earned Tax on interest earned Maturity/claims proceed tax free Dividends & Capital gains <= 1Lakh-Tax Free, > 1Lakh @10%

Top Performing Funds

Annualized Return(%)
Scheme NameCategoryNavMin AmtMin Sip Amt3 Year5 Year 

AXIS LONG TERM EQUITY FUND - GROWTH

EQUITY FUNDS 67.0872 1000 1000 13.30 11.48 Invest Now

CANARA ROBECO EQUITY TAX SAVER FUND - GROWTH

EQUITY FUNDS 115.67 1000 1000 22.10 15.75 Invest Now

KOTAK TAX SAVER - GROWTH

EQUITY FUNDS 73.378 1000 1000 19.71 12.83 Invest Now

MIRAE ASSET TAX SAVER FUND - GROWTH

EQUITY FUNDS 30.332 1000 1000 20.93 14.45 Invest Now

PARAG PARIKH TAX SAVER FUND - GROWTH

EQUITY FUNDS 19.3535 1000 1000 23.86 0.00 Invest Now

TATA INDIA TAX SAVING FUND - GROWTH

EQUITY FUNDS 28.486 1000 1000 12.79 20.19 Invest Now

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