Which mutual fund scheme should I invest for tax benefit
I would like to invest Rs. 10,000 in mutual funds. Please advise me which MF is the best one for me and also tax exempted?
As you want to save taxes by investing Rs 10,000 in mutual funds, you should invest in ELSS funds.
Investments in ELSS Mutual Funds help you save taxes under section 80C of the Income Tax Act 1961 upto Rs 150,000 per annum.
You may invest in DSP BlackRock Tax Saver Fund or ICICI Prudential Long Term Advantage Fund
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