As we all know tax saving is essential not only because it helps save taxes but also help us generate a higher post tax return. it would be all the better if we invest in the best tax saving mutual funds scheme.
There is a lot of misconception around various tax saving products. Investors have to figure out which of the various tax saving products i.e., PF, PPF, LIC, NSC or ELSS is better. We believe, if you are to generate a higher return and also have the flexibility of investments then nothing beats a good ELSS fund.
MutualFundWala, recommends the following Tax saving Mutual Funds.
Reliance Tax Saver Fund- One of the best ELSS fund’s is Reliance Tax Saver Fund. It was launched in the year 2005 and currently has a NAV od Rs.42 ( as on 19/06/2016). This is an aggressive equity mutual fund and an investor can get better risk adjusted returns by taking the SIP route.
Pls take a look at the 4 recommended top tax saving (ELSS) funds
|Scheme (Returns as on May 22, 2017)||Reliance Tax Saver (ELSS) (G)||Franklin India Tax Shield (G)||Birla SL Tax Relief 96 (G)||Axis Long Term Equity Fund (G)|