6 Best Tax Saving Mutual Fund Schemes To Invest Now

Among the many tax savings schemes that you have, Equity Linked Savings Scheme, have outperformed every other tax saving scheme. These are mutual funds which are exposed to equities along with tax benefits which makes it an attractive investment avenues. Investment in ELSS will provide tax relief under Sec 80C of Income Tax Act.

The lock in period for this investment is 3 years, which is the lowest for any tax saving scheme.

Individuals who are looking for investment with tax benefits can consider this as an option. Young investors can start with amount as small as Rs 500 unlike equity mutual funds where the minimum investment is Rs 5000.

Returns on the scheme are based on the performance of equities. ELSS are diversified equity schemes and can help you create wealth over the long-term.

Mutual fund experts usually suggest to opt for SIP rather than investing lumpsum and growth option for individuals looking for wealth creation in direct option.

Here are 6 best ELSS funds based on CRISIL ranking:

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