Mutual funds in best investment in long term. You can start mutual funds for one more reason, that is tax saving. Few equity mutual funds are identified as ELSS funds and money invested in these funds can be declared in income tax section 80C. Invest money for 3 years and additional benefits of income tax saving apart from higher returns expectations. In this blog, we would explore top tax saving mutual funds in india.
- Axis Long Term Equity Fund – Growth
- JM Tax Gain Fund – Growth
- Mirae Asset Tax Saver Fund – Direct Plan – Growth
- Tata India Tax Saving Growth Direct Plan
Axis Long Term Equity Fund – Growth :
This fund returned 18% in last 3 years. This fund majorly invest in banking, retail and information technology companies. As of today, it invested in Bajaj Finance, Kotak mahindra Bank, Avenue Supermarket, TCS, Maruthi Suzuki and many more companies in banking and retail domain.
Highlight of this fund
3 year return is 18%
Banking, Retail and information technology companies.
Expense ratio 0.92%
JM Tax Gain Fund – Growth
This fund returned 15% in last 3 years. This fund majorly invested in HDFC bank, Bajaj Finance, Asian paints, Titan, Axis bank and other 26 companies related to banking, housing and chemical companies. Expense ratio is 2.15%, it is high in ELSS fund catagory.
Highlight of this fund
3 Year return is 15%
Banking, Paints and engineering companies.
Expense ratio : 2.15%
Mirae Asset Tax Saver Fund – Direct Plan – Growth :
This fund returned 18% in last 3 years. This fund majorly invest in banking, information technology and construction companies. As of today, this fund invested in HDFC, ICICI bank, SBI bank, Infosys, ITC and many more companies in banking and pharma domain.
Highlight of this fund
3 year return is 18%
Banking, information technology and pharma companies.
Expense ratio 0.3%
Tata India Tax Saving Growth Direct Plan
This fund returned 15% in last 3 years. This fund majorly invest in banking, marketing and construction companies. As of today, this fund invested in HDFC, ICICI bank, SBI bank, Infosys, Axis bank and many more companies in banking and pharma domain.
Highlight of this fund
3 year return is 15%
Banking, information technology and marketing companies.
Expense ratio 0.63%
Based on return and expense ratio Axis long term equity fund and mirae asset tax saver fund looks best in ELSS catagory. Invest in ELSS mutual funds to get tax benefit and begin your investment as well. Happy Investment:)