Tax-saver Mutual Fund Schemes

Tax-saver Mutual Fund Schemes


The tax-saving mutual fund schemes are one of the important types of mutual funds in India that investors can choose for. Investors in India go for the tax-saving mutual fund schemes for the straightforward basis that it helps them to save money. The tax-saving mutual funds or the equity-linked savings schemes (ELSS) entertain definite tax exemptions under Section 88 of the Income Tax Act. That is one of the reasons why the investors in India add the tax-saving mutual fund schemes to their portfolio. The tax benefit that an investor derives from the tax-saving mutual fund schemes, should be looked upon as an adjoin feature. Investing in equities is a risky plan and remuneration is subject to market fluctuations. Consequently, an investment decision solely based on tax-benefits could prove to be unsafe in the long run. So it's suitable to explore other benefits prior to you decide to put your money on a tax-saving mutual fund scheme.


Check points before investing in tax-saving mutual funds


An individual, who is scheduling to invest in tax-saving mutual fund, should critic a proposition based on the following parameters:-

• Volatility
• Investment Approach
• Performance
• operating cost

Tax-saving mutual fund houses in India


There are a number of companies in India that tender tax-saving mutual fund. Some of the well-known companies have been listed below.

• Birla Sun life Mutual Funds
• State Bank of India Mutual Funds
• HDFC Mutual Funds
• Prudential ICICI Mutual Funds
• Sundram BNP Paribas
• Standard Chartered Mutual Fund
• Reliance Mutual Fund
• Bajaj Capital
• Franklin Templeton Mutual Fund

Popular tax-saving mutual fund schemes in India


Some of the well-liked tax-saving mutual fund schemes accessible in India have been listed underneath.

• Birla Sun Life Tax Relief 96
• Franklin India Taxshield
• L&T Long Term Advantage Fund
• SBI Tax Saver Fund
• HDFC Long Term Advantage Fund
• Reliance tax Saver Mutual Fund
• HDFC Taxsaver
• Magnum Taxgain
• Prudential ICICI Tax Plan