Invest In Tax Saving Mutual Funds Online
In a big boost for India's trilliondollar infrastructure development ambitions, the country's largest pension fund — the Employees' Provident Fund Organisation — is finally ready to route some of its $100 billion corpus into the cash-strapped sector through Infrastructure Debt Funds or IDFs.
Such long-term savings would be crucial for building new infrastructure that faces severe funding constraints, with banks and developers having little room to deploy fresh funds into longgestation projects that are hampered by red tape.
IDF is the government's big idea to provide long-term funds to infrastructure projects, and the finance ministry has been trying to route insurance and pension savings into these funds as they can be an important source of stable and, more importantly, domestic money.
Since late 2012, the ministry has been pursuing the idea with the insurance regulator IRDA and the labour ministry, which oversees the retirement savings of over 6 crore formal sector workers parked with the provident fund office.
The provident fund department, also known as EPFO, is now veering around to the finance ministry's point of view.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax PlanInvest Online
- HDFC TaxSaverInvest Online
- DSP BlackRock Tax Saver FundInvest Online
- Reliance Tax Saver (ELSS) FundInvest Online
- Birla Sun Life Tax Relief '96 Invest Online
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- SBI Magnum Tax Gain Scheme 1993Invest Online
- Sundaram Tax SaverInvest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
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- Reliance Equity Opportunities Fund
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- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
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- ICICI Prudential Regular Gold Savings Fund
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