Mutual Funds - Tax Saving.

[sachin121ja]

What are Tax Saving Schemes in Mutual Funds?

[lalitchaudhari85]

These schemes offer tax rebates to the investors under specific provisions of the Income Tax Act, 1961 as the Government offers tax incentives for investment in specified avenues. e.g. Equity Linked Savings Schemes (ELSS). Pension schemes launched by the mutual funds also offer tax benefits. These schemes are growth oriented and invest pre-dominantly in equities. Their growth opportunities and risks associated are like any equity-oriented scheme. Reliance Mutual Fund House will clarify latest Tax policies and their benefits to the investors.

[satishnamdev1684]

Invest in Reliance Tax Saver fund. Reliance Tax Saver Fund is an equity-linked savings scheme (ELSS) that invests into equity and equity-related instruments to provide long-term equity growth potential to investors. The scheme has a mandatory lock-in period of 3 years and offers tax benefit under Sec 80 C of the Income Tax Act, 1961.

[rajmehta373]

There are many schemes which offer tax benefits like pension schemes launched by Mutual funds .investor should invest in equity oriented scheme for one should prefer ICICI Prudential Mutual Fund.