Do we have to pay tax on SIP?
If the long-term capital gains are less than Rs 1 lakh, then you don’t have to pay any tax. However, you make short-term capital gains on the units purchased through the SIPs from the second month onwards. These gains are taxed at a flat rate of 15% irrespective of your income tax slab.
Can I show SIP in 80C?
Which SIP is tax free under section 80c? 80C allows deduction upto Rs 1.5 lakh for investment made in ELSS (equity linked savings scheme). You can also start SIP for ELSS mutual funds for which deduction upto Rs 1.5 lakh will be available u/s 80C.
Which SIP is best for tax saving?
So, to make the process of Investing easy, we have shortlisted the best tax saving SIP plans that offer the best returns to the investors.
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2. Canara Robeco Equity Tax Saver.
| Canara Robeco Equity Tax Saver Growth | |
|---|---|
| Launch Date | 2 Feb 09 |
| Min Investment | 500 |
| Min SIP Investment | 500 |
| Exit Load | NIL |
Which SIP is best for 5 years?
Best SIP Plans for 5 Years in Equity Funds
- Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. …
- ICICI Prudential Blue chip Fund. …
- SBI Blue chip Fund. …
- Mirae Asset Large Cap Fund. …
- SBI Multicap Fund.
Is SIP returns tax free?
Every SIP instalment into an SIP counts towards tax deductions under Section 80C. You can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes.
What is the best investment for 80C?
Best Tax-Saving Investments Under Section 80C
| Investment | Returns | Lock-in Period |
|---|---|---|
| Unit Linked Insurance Plan (ULIP) | Returns vary from plan to plan | 5 years |
| Public Provident Fund (PPF) | 7%-8% | 15 years |
| Sukanya Samriddhi Yojana | 8.5% | N/A |
| National Savings Certificate | 7%-8% | 5 years |
Is maturity amount of ELSS taxable?
The redemption proceeds of ELSS are not entirely tax-free. The long-term capital gains of up to Rs 1,00,000 a year are tax-free, and any gains above this limit attract a long-term capital gains tax at the rate of 10% plus applicable cess and surcharge.
Is SIP better than PPF?
Tax benefits can be availed both in PPF as well as ELSS category of mutual funds under section 80C. … However, historical data suggests that a 15-year mutual fund SIP in an average fund can give you 1.5 times returns than PPF which makes it very attractive in terms of returns and liquidity.
Which is best SIP plan?
Top SIP Mutual Funds in India
| SIP Plans | Type | 3 Year |
|---|---|---|
| HDFC Mid Cap Opportunities Fund | Equity Fund | 14.84% |
| HDFC Prudence Fund(G) | Balanced Fund | 9.02% |
| HDFC Small Cap Fund | Equity Fund | 21.52% |
| ICICI Prudential Balanced Advantage Fund | Balanced Fund | 9.16% |
Is Quant tax plan is good?
Quant Tax Plan (Growth) is a good choice within tax saving mutual funds. … Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years). 21 Years.
Which SIP is best for 5 years in SBI?
Best Performing SBI Mutual Fund Schemes for SIP Investment
| Fund Name | 1 Year Return | 5 years Returns |
|---|---|---|
| SBI Infrastructure Fund | -12.9% | 14.8% |
| SBI Magnum Children’s Benefit Plan | 11.17% | 18.52% |
| SBI Magnum Multi-cap Fund | 10.84% | 24.88% |
| SBI Magnum Tax Gain Fund | 7.46% | 19.97% |
Is SIP better or lump sum?
A systematic investment plan (SIP) is the most convenient way of investing in mutual funds. By opting to invest via an SIP, you eliminate the need to have a lump sum to get started with your mutual fund investment. Through an SIP, you can invest a small sum on a regular basis into the mutual fund scheme of your choice.
Which SIP gives highest return?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| Aditya Birla Sun Life Digital India Fund Growth | 31.5% | 39.71% |
| Tata Digital India Fund Regular Growth | 32.2% | 38.91% |
| Quant Infrastructure Fund – Direct Plan-Growth | 24.27% | 38.86% |
| Kotak Small Cap Fund – Direct Plan – Growth | 22.9% | 37.96% |