Are they come under Tax Saving?

ankit9t 1
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Hi Pankaj,

I am Investing total 5000Rs/month in 4 mutual funds through SIP for the period of 36 months.
1.HDFC EQUITY FUND - GROWTH PLAN (2000/month)
2.ICICI PRUDENTIAL DISCOVERY FUND -GROWTH (1000/month)
3.ICICI PRUDENTIAL DYNAMIC PLAN GROWTH (1000/month)
4.HDFC MIP-LTP-GROWTH (1000/month)

I want to know that these mutual funds comes under tax saving or not? If not, in which MF should I Invest?

equity-mutual-fund equity-diversified sip investment tax-saving
1 Answers

All of these mutual funds are normal equity diversified or monthly income plans and no tax benefit is available for these.

There is a different category of tax saving mutual funds (ELSS) in which you can invest to save income tax under section 80C.

Some of the best funds under that category are below:
Canara Robeco Equity Tax Saver
HDFC Taxsaver
Franklin India Taxshield
DSPBR Tax Saver
Fidelity Tax Advantage

Pankaj Batra5212
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