which SIP is tax free under 80c?
which is best SIP for tax saver? which sip is tax free under 80c? top 5 tax saver sip Investment up to Rs.1,50,000 every year is eligible for tax deduction under Section 80C of The Income Tax Act.
With dual advantage of tax-saving & potential for better returns than traditional tax-saving investment products, this category of mutual fund schemes is must have for every investor. These funds also have the lowest lock-in period of just 3 years amongst all the options available in Section 80C.
Investment up to Rs.1,50,000 every year is eligible for tax deduction under Section 80C of The Income Tax Act
Starting a monthly SIP for long-term gets you a lifetime guaranteed tax-savings (subject to Rs.1.5 lakh annual limit & no changes in Tax Laws)
Potential for better long-term returns than traditional options like PPF & Fixed Desposits
Quant Tax Plan Direct-Growth is a ELSS mutual fund scheme from Quant Mutual Fund. This fund has been in existence for 10 yrs, having been launched on 01/01/2013. Quant Tax Plan Direct-Growth has ₹2,506 Crores worth of assets under management (AUM) as on 31/12/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.57%, which is less than what most other Elss funds charge.
Mirae Asset Tax Saver Fund Direct-Growth is a ELSS mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 7 yrs 2 m, having been launched on 20/11/2015. Mirae Asset Tax Saver Fund Direct-Growth has ₹14,020 Crores worth of assets under management (AUM) as on 31/12/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.57%, which is less than what most other Elss funds charge.
Mirae Asset Tax Saver Fund Direct-Growth returns of last 1-year are 3.12%. Since launch, it has delivered 19.14% average annual returns. The fund has doubled the money invested in it every 3 yrs.
Kotak Tax Saver Fund Direct-Growth is a ELSS mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 10 yrs, having been launched on 01/01/2013. Kotak Tax Saver Fund Direct-Growth has ₹3,161 Crores worth of assets under management (AUM) as on 31/12/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.68%, which is less than what most other Elss funds charge.
Kotak Tax Saver Fund Direct-Growth returns of last 1-year are 8.78%. Since launch, it has delivered 15.40% average annual returns. The fund has doubled the money invested in it every 3 yrs.
DSP Tax Saver Direct Plan-Growth is a ELSS mutual fund scheme from Dsp Mutual Fund. This fund has been in existence for 10 yrs, having been launched on 01/01/2013. DSP Tax Saver Direct Plan-Growth has ₹10,445 Crores worth of assets under management (AUM) as on 31/12/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.8%, which is less than what most other Elss funds charge.
DSP Tax Saver Direct Plan-Growth returns of last 1-year are 6.74%. Since launch, it has delivered 16.75% average annual returns. The fund has doubled the money invested in it every 3 yrs.
Canara Robeco Equity Tax Saver Fund
Canara Robeco Equity Tax Saver Direct- Growth is a ELSS mutual fund scheme from Canara Robeco Mutual Fund. This fund has been in existence for 10 yrs, having been launched on 01/01/2013. Canara Robeco Equity Tax Saver Direct- Growth has ₹4,563 Crores worth of assets under management (AUM) as on 31/12/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.61%, which is less than what most other Elss funds charge.
Canara Robeco Equity Tax Saver Direct- Growth returns of last 1-year are 2.72%. Since launch, it has delivered 15.29% average annual returns. The fund has doubled the money invested in it every 3 yrs.
0 Comments