I want a mutual fund which is tax benefit & give more returns.I want to show one lakh savings for tax free?

Question

i am working as a software engineer.i want to show one lakh savings for tax free.I want to take mutual funds which give me more returns as well as to show one lakh savings for tax free.

Answer 1

Read about Investments based Deductions from the Income: Section 80C, 80CCC, 80CCD, 80CCE http://mytaxes.in/index.php?topic=24.0

Answer 2

Dear Sir,

Their is no guarantee that you will get good return by inveting in MUTUAL FUND. Why do not you invest in tax saving FD for 5 year. Some banks areoffering 9.50%. Wait for few days you may get even more

Answer 3

Have a look at the following links which will help you decide which fund to invest into

http://www.moneycontrol.com/india/mutual...

http://www.valueresearchonline.com

Answer 4

hi

i am ibrar, investment advisor from chennai.

i think its better to invest in ULIP than mutual funds.

because MUTUAL FUNDS will give only

tax benifit

returns

but ULIPs can give you

tax benifit

high returns (with moderate risk, you can choose your risk)

insurance coverage to protect your family in case of any risk

inflation protection which can help you a lot over a period of time

differnt funds to switch over anytime between the term

so i will suggest you to go for ULIP. i can guide you through a excellent investment portfolio and help you to create wealth. you can contact me, my id is [e-mail]

thanks

ibrar.k