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Investment for tax savings? |
i want to invest for tax savings,when should i invest and which is better like ULIPs or MFs or any other plz give which MFs is better returns SBI Magnum Taxgain SBI/HDFC/Reliance - All three have good ELSS schemes, which are covered by 80C. These have a lock-in of three years but are also exempted from Capital gain tax. I would suggest the option of "Dividend Pay-out" of any of these scheme. If your target is investment, dont go for ULIP because of the charges involved. |
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