Apart from Tax saver benefits, ELSS SIP mutual funds have also given good returns to the investors in last 3 years. Check Top 7 ELSS SIP Mutual Funds with returns over here.
Mutual funds pool money from investors to buy securities like stocks and bonds. Based on their investment objectives, they are managed by professionals and categorised into equity funds, debt funds, liquid funds, and hybrid funds.
Deepak Ramaraju, Senior Fund Manager at Shriram AMC discusses global and domestic market conditions, predicts a market rebound post-elections, and recommends ELSS for tax-saving and long-term capital appreciation
Here are a few of the last-minute tax-saving instruments to reduce your taxable income under the old tax regime and save on taxes before the end of the financial year are as follows: