{"id":1738,"date":"2024-06-04T17:12:09","date_gmt":"2024-06-04T11:42:09","guid":{"rendered":"https:\/\/gift-nifty.info\/?p=1738"},"modified":"2024-06-04T17:12:09","modified_gmt":"2024-06-04T11:42:09","slug":"tax-saving-mutual-funds","status":"publish","type":"post","link":"https:\/\/gift-nifty.info\/2024\/06\/04\/tax-saving-mutual-funds\/","title":{"rendered":"Explore The Best Tax Saving Mutual Funds!"},"content":{"rendered":"\n

Hi there! welcome to Gift-Nifty<\/a>, where you can explore the best Tax Saving Mutual funds.<\/strong> Tax Saving Funds are a type of mutual fund that investors can properly use to save tax money. It is possible to save up to 1.5 Lakhs in taxes by putting money into mutual funds like this one.<\/p>\n\n\n\n

Read on to learn about the best tax-saving\u00a0mutual funds in 2024. First, let’s talk about what tax savings mutual funds are.<\/p>\n\n\n\n

Tax Savings Mutual Funds\u00a0<\/strong><\/h2>\n\n\n\n

Tax saving funds are a type of mutual fund that gives owners a way to lower their tax bills under Section 80C. At least 80% of the money in these funds is put into stocks.<\/p>\n\n\n\n

Legally, tax-saving mutual funds are called ELSS Funds, but investors use both terms to refer to the same thing. ELSS stands for Equity Linked Savings Scheme, by the way.<\/p>\n\n\n\n

Investors can get a tax break of up to \u20b91.5 Lakhs by putting the same amount of money into ELSS Funds, according to Section 80C of the Income Tax Act.<\/p>\n\n\n\n

Even though these funds offer tax breaks, they must be locked in for 3 years.<\/p>\n\n\n\n

This means that investors won’t be able to get their money back for at least three years. During that time, they will earn money based on how well the fund’s stocks do.<\/p>\n\n\n

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Best Tax Savings Mutual Funds\u00a0<\/strong><\/h2>\n\n\n\n

Here are some of the best tax-saving schemes for you:<\/p>\n\n\n\n

Quant ELSS Tax Saver Fund Direct-Growth<\/strong><\/h3>\n\n\n\n

The plan started on January 7, 2013, and its goal is to increase the value of investments by buying a wide range of stock shares. Ankit Pande and Vasav Sahgal are in charge of it right now.<\/p>\n\n\n\n