Which Axis Mutual Fund is tax saver?
Axis Long Term Equity Fund is a diversified equity linked saving scheme (ELSS) that invests in a mix of large caps and select midcaps. The fund has a 3-year lock-in which is one of the lowest amongst other tax saving instruments.
Post redemption it will be taxable as Long term capital gain (LTCG). Long-term capital gains (LTCG) up to Rs 1 lakh is tax-free and LTCG over Rs 1 lakh is taxable at the rate of 10% without the benefit of indexation.
Which mutual fund is best for income tax saver?
List of Top Tax Saving Mutual Funds in India Ranked by Last 5 Year Returns
Top 10 Best ELSS Tax Saving Mutual Funds to Invest in FY 2022-23
Is Axis Bluechip fund tax free?
Taxation: As the fund predominantly invests in equity securities, Axis Bluechip Fund has the taxability of an equity mutual fund scheme. Following taxation is applicable: If the units are sold after 1 year, then the gains on investments are treated as Long Term Capital Gains (LTCG).
This is a diversified fund that will invest across sectors and industries. The main purpose that it serves is helping you in availing tax deductions under Section 80C of Income Tax Act, 1961.Investment Ideas:
Which mutual fund is best in Axis Bank?
Axis MF Top Rated Funds
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
Which mutual fund gives tax free returns?
Top 10 Tax Saving Mutual Funds in India
ELSS
Which SIP is good for tax saving?
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.
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.
Checking The Consistency Of ELSS Funds Therefore, you need to evaluate how the fund has done over the long term. So, to measure how consistently the fund has delivered, one can look at the rolling returns of the fund. It shows the spread of returns over a period of time.
Which MF gives highest return in 5 years?
Debt: Medium to Long Duration
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.
Which scheme is 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 maximum amount for an Axis Bank tax Saver Fixed Deposit?
₹1,50,000
When you invest in Axis 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.
Is Axis Bluechip fund high risk?
Axis Bluechip Fund (G) was launched on Jan 05, 2010. The category risk of the fund is Very High Risk.
Which Axis Mutual Fund is tax saver?