What is the minimum time period in mutual fund to get the tax benifit.?

To avail tax benefit under section 80(c) you have to invest in ELSS mutual funds. These funds have a 3-year lock-in period. Once invested the money can't be taken back for 3 years. You can claim tax benefit only for the financial year in which you invested, not for the 3 years.

3 Years, and that too in Mutual Funds that clearly specify the Tax benifit

minimum one year, before one year it is taxable & count as a income.

3 years

there r two things which no one has mentioned:

1. its ok that in ELSS u need to block ur money for 3 yrs and the amt invested gives u savings in 80c. even the returns are non taxable

2. if you invest i deversified MF itt needs to be invested for at least one whole year to make returns tax free

http://rahul.org.in

depends on what tax benefit you are looking for
1. if you want to treat your investment as tax deductible, you need to invest in an ELSS kind of fund which has lock-in of 3 years
2. if you want the capital gains on your MF investments to be tax free, then it is one year

3 years and you will have to invest in tax saving mutual fund categories
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ajay

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