Mutual funds
for tax optimization

Tax-saving mutual funds, often known as Equity Linked Savings Schemes (ELSS), are investment options that not only provide potential returns from equity markets but also offer tax benefits under Section 80C of the Income Tax Act, India. Investors can claim deductions for investments up to ₹1.5 lakh per annum, thus reducing their taxable income.

Individuals looking to maximize their returns while saving on taxes can consider investing in tax-saving mutual funds. These funds are particularly suitable for investors who are comfortable with the risks associated with equity investments and have a longer investment horizon to mitigate market volatility.

The benefits include potential higher returns due to equity exposure, tax deductions under Section 80C, and the opportunity for wealth accumulation over the long term. Additionally, these funds have a lock-in period of 3 years, which is shorter than other tax-saving options, encouraging disciplined investment.

taxnwealth.com provides a platform to compare various tax-saving mutual funds, offering personalized recommendations based on your financial goals and risk appetite. Our experts guide you through the investment process, ensuring you choose the funds that best suit your tax-saving and investment needs.

The lock-in period for tax-saving mutual funds is 3 years. This mandatory period helps investors inculcate a habit of long-term investment while providing the dual benefits of capital appreciation and tax savings. It also allows the fund to better manage investments without frequent withdrawals.

Yes, taxnwealth.com supports investors through the entire lifecycle of the investment, including the withdrawal process. We provide assistance in understanding the optimal time for withdrawal, considering the lock-in period, and ensuring a smooth redemption process.

Our platform evaluates funds based on past performance, fund manager expertise, and other critical metrics. Coupled with personalized consultations, we ensure that investors choose tax-saving mutual funds that align with their investment goals, risk tolerance, and tax-saving objectives.

Investments in tax-saving mutual funds are eligible for tax deductions under Section 80C up to ₹1.5 lakh per annum. Additionally, the long-term capital gains from these investments are taxed at 10% without indexation if the gains exceed ₹1 lakh in a financial year.

Our team of experts closely follows regulatory updates and tax law changes, ensuring that our advice and the mutual funds recommended are always in line with the latest financial and tax planning strategies.