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Saturday, July 10, 2021

How to save tax by investing in mutual funds? || મ્યુચ્યુઅલ ફંડમાં રોકાણ કરીને કર કેવી રીતે બચાવવા? || top 10 high return paying mutual funds in India

 How to save tax by investing in mutual funds? 

Tax Savings Mutual Funds are funds that help in better tax planning. ELSS Mutual Fund is one of the best tax saving mutual funds, providing tax benefits of up to Rs. 1,50,000 under Section 80C of the Income Tax Act. Despite the various tax savings investments under Section 80C, ELSS or Equity Linked Savings Scheme is the most popular. It is a monetary savings mutual fund that is created to reduce your tax burden and at the same time help you to get a return on investment.

Tax Savings Mutual Funds (ELSS) under Section 80C

An ideal savings savings investment financial needs, goals and. Depending on factors such as risk appetite varies from person to person. Various tax saving investments are available to help you save tax under Section C0C of the Indian Income Tax Act. These include tax saving mutual funds ELSS, PPF, EPF, NPS, FD, NSC, ULIP etc. However, some of the top tax saving mutual funds are included in ELSS schemes.

Top 10 Tax Saving ELSS Mutual Funds Plans

IDFC Tax Advantage (ELSS) Fund Growth.

Tata India Tax Savings Fund Growth

DSP BlackRock Tax Saver Fund Growth

L&T Tax Advantage Fund Growth

Principal Tax Savings Fund Growth

Aditya Birla Sun Life Tax Relief '96 Growth

BOI AXA Tax Advantage Fund Growth

Nippon India Tax Saver Fund (ELSS) Growth

HDFC Long Term Advantage Fund Growth

Kotak Tax Saver Fund Growth

Tax Savings Mutual Fund ELSS is one of the best investment options available under Section C0C. One can easily save tax and increase money by investing in Equity Linked Savings Scheme (ELSS) mutual funds in India. So let’s understand ELSS in detail and the various benefits it offers.

ELSS or Equity Linked Savings Plan

ELSS is a dedicated equity mutual fund scheme that invests primarily in equity related instruments and helps investors to avail tax benefits. ELSS mutual funds usually have a high risk of expos due to the type of investment, but they have the potential for exceptional returns in the long run.

Benefits of Tax Savings Mutual Funds ELSS (Equity Linked Savings Scheme).

1) ELSS has 3 years of lock-in One of the major advantages of ELSS is its short lock-in period. ELSS Mutual Funds have a term of only 3 years which is more favorable than others like tax saving fixed deposit, which has a lock period of five years, NSC has it for six years and PPF has a maximum lock period of 15 years. Is.

2) Tax Savings Mutual Funds offer flexibility of ELSS growth or dividends ELSS mutual funds offer both dividend as well as growth options. Investors can therefore get the unit amount after the expiry of the 3 year period or after interim payment in the form of dividends.

)) High returns are achieved through tax saving mutual funds (ELSS). Equity linked savings schemes help you grow money. As they invest in equity related instruments, so does your money when the stock market develops over a period of time.

)) A.L.S. Provides tax free compensation for an increase of Rs. 1 lakh under Section C0 As per Budget 2018, ELSS will attract Long Term Capital Gains (LTCG). Long-term underlying investors will be taxed at 10% (without any index). Benefits up to Rs 1 lakh are tax free. Tax on 10% is applicable for benefits above Rs. 1 lakh.

How to invest in ELSS?

As one of the most popular Section 80C investments that offer both tax savings and capital appreciation, it is important to understand how to invest in an ELSS or equity linked savings plan. There are two ways to invest in this mutual fund. One is to invest by unit amount and the other is SIP. (Systematic) investment plan).

SIP or Systematic Investment Plan

A convenient way to invest in tax savings mutual funds is an SIP or systematic investment plan. It operates on the basis of regular small investments over a fixed period of time. It enables you to make low periodic investments which is better than paying huge lumps to cover the gap in section C0C. Therefore, it is concluded that tax savings are important.

So at the end of the financial year, after you get out of the tax, make sure to make a smart investment. Get the best tax benefit by investing in ELSS mutual funds through SIP or monopoly at the beginning of the financial year. This will not only manage your expenses but also avoid last minute financial arrangements to pave the way for ELSS investment. Invest in ELSS before it's too late !.

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