Is it the right time to invest in tax saving mutual funds? Which are the best ELSS funds?
- Kothandaraman
There is no right or wrong time to invest in a tax saving mutual fund scheme. If you have decided to invest in equity to save taxes and maximise returns, you should go ahead with your plan irrespective of the market conditions. Tax saving mutual fund schemes have the potential to offer superior returns than other investment options available under Section 80C, as most of them are government-backed safe avenues that offer a fixed return. Tax saving mutual funds also have the lowest lock-in period of three years. However, you should have an investment horizon of at least five years in a tax saving scheme.
Here is a list of our top tax saving schemes.
This article was originally published on December 15, 2015.
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