What Are Equity Linked Saving Schemes? - ELSS Mutual Funds

These are mutual funds that invest in the stock market and give the tax benefit under Section 80C of the Income Tax Act. How this works is that the fund manager will invest in shares of various companies across various industries. So, in fact, it is a normal equity diversified fund. But there is the added tax benefit which a normal diversified equity fund will not have. This sets it apart. And currently, if you invest in such funds, you get a rebate. This is the immediate plus of the ELSS mutual fund.

These funds have a lock-in period of three years. irrespective of the income, the maximum deductions that can be made from your taxable income are up to Rs 1 lakh 

Invest in ELSS Mutual Funds Online or Download ELSS Mutual Funds Application Form Below

Invest in Tax Saver Mutual Funds

.  

Tax Saver Mutual Funds Online

aka Equity Linked Savings Schemes (ELSS). Get tax benefit for investing upto Rs 1,00,000 in ELSS Mutual Funds under section 80C. Here is the list of all Tax saving mutual funds offered by various AMCs. All of them allow purchase through applications and quite a few of them allow online purchase of mutual fund units.

Invest in Tax Saver Mutual Funds

Below is the List of Tax Saving Mutual Funds available:  

1. Axis Tax Saver Fund
2. Bharti AXA Tax Advantage Fund
3. Birla Sun Life Tax Plan
4. Birla Sun Life Tax Relief ‘96
5. BNP Paribas Tax Advantage Plan
6. Canara Robeco Equity Tax Saver
7. DWS Tax Saving Fund
8. DSP BlackRock Tax Saver Fund
9. Edelweiss ELSS Fund
10. Fidelity Tax Advantage Fund
11. Franklin India TaxShield
12. HDFC Long Term Advantage Fund 
13. HDFC TaxSaver
14. HSBC Tax Saver Equity Fund
15. ICICI Prudential Tax Plan
16. IDFC Tax Advantage (ELSS) Fund
17. ING Tax Savings Fund
18. JM Tax Gain Fund
19. JPMorgan India Tax Advantage Fund
20. L&T Tax Saver Fund
21. LIC NOMURA MF Tax Plan
22. Principal Personal Tax Saver Fund
23. Principal Tax Savings Fund
24. Reliance Tax Saver (ELSS) Fund
25. Religare Tax Plan
26. Sahara Tax Gain Fund
27. Magnum Tax Gain Scheme 1993
28. Sundaram Tax Saver
29. Tata Tax Saving Fund
30. Taurus Tax Shield

Invest in Tax Saver Mutual Funds