I want to start a Systematic Investment Plan to save taxes. Can you please suggest some tax saving schemes with a higher risk. I want to invest ₹5,000 to ₹7,500 per month?
- Aditya Pratap Singh
You may select any of the following funds for tax saving. All high risk funds in this category are poorly rated. Our recommended funds are four or five star-rated funds. Do not choose more than two funds for the SIP. Equity linked funds have a lock-in of three years from the date of investment. Go for the direct plan option as it has a lower expense ratio which is passed on to investors in the form of higher returns.
| Scheme | 3-yr returns (%) | 5-yr returns (%) |
| Axis Long Term Equity | 35.24 | 21.9 |
| Birla SL Tax Plan | 30.12 | 16.18 |
| BNP Paribas Long Term Equity | 29.97 | 17.86 |
| Franklin India Taxshield | 28.47 | 17.64 |
| ICICI Pru Tax Plan | 26.95 | 15.19 |
This article was originally published on September 01, 2015.
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