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Whether SIP funds covered for tax rebate?? Plz let me know?


I have invested in HDFC SIP fund. It covered for income tax rebate?

SIP or systematic investment plan is a method of investing and not a scheme. If the scheme is covered [Tax Savings Plans] then the amount paid under SIP will coount for tax rebates. Please check the offer document of the scheme you have invested in or check with your MF Fund House. Also Tax Savings Plans will have a lock up period. [Usually 3 years]

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