Which mutual fund is best for tax saver?

How do I choose a tax saver mutual fund?

Historical returns, volatility, fund manager experience and expense ratio are some important parameters which should be considered when looking for the best tax saving mutual fund to invest in. Since these funds invest in equities, it is also important to examine the risk-return profile of the underlying assets.

How do I choose the best ELSS mutual fund?

If you are planning to invest in ELSS fund to save taxes for the current financial year ie. FY2019-20, here are 6 parameters to consider before choosing ELSS fund.

3. Review of Returns of the ELSS Funds

  1. Annualized Returns i.e. CAGR.
  2. Trailing Returns.
  3. Calendar Returns.
  4. Rolling Returns.

Which mutual fund is tax free?

Long term capital gains upto Rs 1 Lakh is totally tax free. Dividends paid by equity mutual funds are tax free in the hands of the investor but the AMC pays dividend distribution tax (DDT) at the rate of 11.648%.

Is ELSS SIP tax free?

Tax Benefits:

An additional benefit that comes with ELSS schemes is that of tax benefits under section 80C. Under this section, an investor is exempted from tax up to Rs. … You can invest in an ELSS mutual fund through the SIP or lumpsum mode and you will still be able to save tax.

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What is best time to invest in mutual funds?

There is no best time as such for investing in mutual funds. Individuals can make investments in mutual funds as and when they wish. But it is always better to catch the funds at a lower NAV rather than higher price. It will not only maximise your returns but also lead to higher wealth accumulation.

Which is better PPF or ELSS?

From the table above, you can see that a PPF investment is a relatively safer option. However, PPF offers much lower returns over a longer time horizon than ELSS. The tax benefits and capital safety are more in favour of PPF; ELSS certainly is an option for better returns.

How do I avoid capital gains tax on mutual funds?

6 quick tips to minimize the tax on mutual funds

  1. Wait as long as you can to sell. …
  2. Buy mutual fund shares through your traditional IRA or Roth IRA. …
  3. Buy mutual fund shares through your 401(k) account. …
  4. Know what kinds of investments the fund makes. …
  5. Use tax-loss harvesting. …
  6. See a tax professional.

Can I save tax by investing in mutual funds?

Equity linked savings schemes or ELSS offer tax deduction under section 80C of the Income-Tax Act, for investments up to Rs 1.5 lakh in a financial year. You can invest via the SIP route or put in a lump sum amount.

Is Axis Bluechip fund tax saver?

This is a diversified fund that will invest across sectors and industries. The main purpose that it serves is helping you in availing tax deductions under Section 80C of Income Tax Act, 1961.

Investment Ideas:

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Scheme Name ICICI PRUDENTIAL BLUECHIP FUND
3 Years 10.12
5 Years 11.05
10Years 14.14
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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 mutual fund is best?

EQUITY HYBRID DEBT OTHERS Filter

Scheme Name Plan 6M
Mirae Asset Emerging Bluechip Fund – Direct Plan – Growth Direct Plan 34.04%
SBI Large & Midcap Fund – Direct Plan – Growth Direct Plan 32.26%
Large Cap Fund
Canara Robeco Bluechip Equity Fund – Direct Plan – Growth Direct Plan 27.95%

How much should I invest in ELSS to save tax?

The investment in ELSS mutual fund schemes can be done either as a lump sum or via monthly systematic investment plans (SIP). By investing Rs 1.5 lakh in a financial year in an ELSS, an individual taxpayer in the highest tax bracket can save tax of Rs 46,800 (inclusive of cess at 4%).