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Monday, 26 June 2017

Looking for 80C(Tax saving) investments... Wait & rethink

First quarter of this FY is almost passed. If you are still not started then please see the historic return of all tax savings investment options..

INVESTMENT
LOCKIN PERIOD
PRE-TAX RETURNS
TAX APPLICABLE
ELSS
3 Years
16-23%
No Tax
5 Year Bank FD
5 Years
7.10%
Interest Is Taxable
PPF
15 Years
8.10%
No Tax
NSC
5-10 Years
7.90%
Interest Is Taxable
Life Insurance
5 Years
0-7%
No Tax

Till now you must know that what i want to to say? Yes Tax saving mutual fund (ELSS) is the best among the options we have. ELSS funds have given the best returns out of all the tax saving instruments under 80 C like PF, FDs, ULIPs, Post office deposits, KVP etc. This fund has a lock-in for 3 years which is the least in the list.

Don't wait for year end to to start investment for 80C. Start as early as possible. we lost 1/4th of current financial year. Start monthly investment.

Best ELSS Mutual funds are..

 RANK
FUND
3 YR RETURN
5 YR RETURN
1
Axis Long Term Equity Growth
18.10%
24.20%
2
Birla Sun Life Tax Relief 96 Growth
19.40%
22.70%
3
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth
18.10%
22.20%
4
DSP BlackRock Tax Saver Fund Growth
17.60%
22.00%
5
L&T Tax Advantage Fund Growth
17.20%
19.60%

Disclosure : I have investments in Axis Long Term Equity Growth and DSP BlackRock Tax Saver Fund Growth.



1 comment:

  1. Thanks for sharing this blog with us. Such a nice blog. Tax Ezi Pty Ltd is the best consultancy company that provides you the best advice on tax debt issues. Tax Debt Specialist

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