Table of Contents
Which tax saver mutual fund is best in India?
The table below shows the top-performing ELSS mutual funds based on the past five year returns:
Mutual fund | 5 Yr. Returns | Rating |
---|---|---|
Mirae Asset Tax Saver Fund – Direct Plan – Growth | 23.57\% | |
JM Tax Gain Fund – Growth | 19.21\% | NA |
Canara Robeco Equity Tax Saver Fund – Direct Plan – Growth | 21.47\% | |
Union Long Term Equity Fund Growth | 16.54\% | NA |
Which is the best tax saving SIP?
Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 21 – 22
- BOI AXA Tax Advantage Fund.
- Canara Robeco Equity Tax Saver.
- Mirae Asset Tax Saver Fund.
Is ELSS and sip same?
ELSS is an investment vehicle in itself while SIP is not, it is instead a way of investing not only in ELSS but also in any other mutual fund. Therefore, ELSS cannot be compared with SIP as it’s not an apple to apple comparison.
What is the most secure way to invest money?
1. Open money market / high interest savings accounts. Money market accounts are great ways to invest money for the short-term. If you need a quick turnaround these are stable ways to secure a return on your investment. But yields are still relatively low these days — you’re lucky to find an account paying above 1.75\%.
What are ELSS mutual funds?
An ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. Since it is an equity fund, returns from an ELSS fund reflect returns from the equity markets.
What is Reliance Mutual Fund?
Reliance Mutual Fund. One of the fastest growing mutual funds in India, Reliance Mutual Fund, has gained a remarkable position in the market by providing impressive returns to the investors. It provide the investment plans which are focused on achieving the objectives in the desired time frame.
What is mutual fund tax?
For taxable accounts, such as individual and joint brokerage accounts, mutual fund dividends are generally taxed either as ordinary income (taxed at the individuals income tax rate) or as qualified dividends (taxable up to a 15\% maximum rate).