Is HDFC mutual fund tax Saver?

The scheme offers the dual benefit of tax saving and wealth creation. It comes with a lock-in period of three years and provides individuals/HUFs a deduction from gross total income for investments in Equity-Linked Savings Scheme upto ₹1.5 lakh under section 80C of the Income Tax Act 1961.

Is HDFC mutual fund tax-free?

Mutual Funds pay out dividends to investors on a regular basis. So, if you invest in ELSS funds, the dividend you receive is entirely tax-free.

Which tax saving MF is best?

List of Top Tax Saving Mutual Funds in India Ranked by Last 5 Year Returns

Quant Tax Plan. EQUITY ELSS.
Canara Robeco Equity Tax Saver Fund.
Mirae Asset Tax Saver Fund.
Kotak Tax Saver Fund.
DSP Tax Saver Fund.
Tata India Tax Savings Fund.
ICICI Prudential Long Term Equity Fund (Tax Saving)
UTI Long Term Equity Fund.

Is HDFC mutual fund comes under 80C?

When you invest in HDFC MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income. It reduces your overall tax liability.

What is HDFC 5 years tax saving deposit?

One of the ways in which you can save tax is by investing money in a tax-saving Fixed Deposit. So, what is a five-year tax-saving FD? Under section 80c of the Indian income tax act, you can invest up to Rs 1.5 lakh in specific financial products, and claim tax deduction on the amount invested.

Which mutual fund gives tax free returns?

Top 10 Tax Saving Mutual Funds in India

Which SIP is tax free under 80C?

ELSS

Which SIP is best for tax exemption?

Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 22 - 23.
Top 6 Equity - ELSS Funds. IDFC Tax Advantage (ELSS) Fund. BOI AXA Tax Advantage Fund. Canara Robeco Equity Tax Saver. SBI Magnum Tax Gain Fund. Mirae Asset Tax Saver Fund. Principal Tax Savings Fund.

Is there tax saving in SIP?

SIPs can be one of the best tax-saving instruments with high returns on your investments. You can claim a deduction of up to Rs. 1.5 lakh from your taxable income for investing in ELSS through SIPs under Section 80(C) of The Income Tax Act, 1961.

Is ELSS tax free after 3 years?

Since ELSS funds are locked-in for three years, there is no possibility of realising short-term capital gains. Therefore, you can realise only long-term capital gains. These gains of up to Rs 1 lakh a year are made tax-free, and any gains above this limit attract a long-term capital gains tax at 10%.12-Dec-2022

Is tax saver mutual fund safe?

For investors who have risk taking ability, tax saving mutual funds is advisable as their potential to earn return is higher than PPF or Tax Saving Fixed Deposit. The only drawback of Tax Saving Mutual Funds is that they don't guarantee a fixed return.

Which MF gives highest return in 5 years?

Debt: Medium to Long Duration

Which ELSS fund is best in 2022?

Investment Period

Quant Tax Plan. #1 of 26. Fund Size.
IDFC Tax Advantage (ELSS) Fund. #4 of 26. Fund Size.
Mirae Asset Tax Saver Fund. #7 of 26.
Canara Robeco Equity Tax Saver Fund. #3 of 26.
PGIM India ELSS Tax Saver Fund. #5 of 26.
Kotak Tax Saver Fund. #6 of 26.
DSP Tax Saver Fund. #10 of 26.
Tata India Tax Savings Fund. #16 of 26.

How much amount of NPS is tax free?

Employees contributing to NPS are eligible for following tax benefits on their own contribution: a) Tax deduction up to 10% of salary (Basic + DA) under section 80 CCD(1) within the overall ceiling of Rs. 1.50 lakh under Sec 80 CCE.

Where to invest for tax saving?

Tax saving instruments and sections therein :

Fixed deposit.
PPF ( Public provident scheme )
ULIP (Unit linked insurance plan)
National Savings Certificate.
Senior Citizen Savings scheme.
Life insurance.
Pension plans.
Health insurance or Mediclaim.

Which is better tax saver FD or PPF?

The tax-saving FDs have a lock-in of 5 years, which is much lesser than PPF. But FDs go carry some risk and also the interest you earn is taxable. So, if you are ok with a 15 year lock-in then PPF can be a good option keeping all things in mind.

Can I invest more than 1.5 lakh in tax saving FD?

Key Features of a Tax-Saving FD The maximum deposit amount that can be invested is Rs. 1,50,000. According to the bank or NBFC, the minimum deposit for a tax-saving FD can be as low as Rs. 1000.

Is 5-year FD tax free for 5 years?

One can claim an income tax deduction by investing money in a five-year FD scheme under Section 80C of the Income Tax Act, 1961.Comparison With Other Tax-Saving Investments.

Which investment is the 100% tax free?

Public Provident Fund (PPF) PPF is a government-sponsored savings and retirement planning direct tax free investment. It is beneficial for individuals without a structured pension plan.

Is SIP returns tax free?

You will be taxed at 20 per cent (plus indexation, making it 20.8 per cent) with an indexation benefit. But for your SIPs after January 2019, a short-term capital gains tax would apply. The gains from short-term capital appreciation will be added to your income and taxed as per your income tax slab.12-Dec-2022

What is the NAV of HDFC Tax Saver Growth?

Current NAV: The Current Net Asset Value of the HDFC Taxsaver Fund as of Dec 19, 2022 is Rs 833.40 for Growth option of its Regular plan. 2. Returns: Its trailing returns over different time periods are: 1.78% (1yr), 16.4% (3yr), 8.72% (5yr) and 23.18% (since launch).

Is HDFC mutual fund tax Saver?