Best mutual funds to save taxes | Fusion - WeRIndia

Mutual funds are considered one of the best investments by many. Even though there are many tax savings schemes, Equity Linked Savings Scheme has a greater performance than any other tax saving scheme.

These mutual funds are exposed to equities and they also give tax benefits. This is the reason why they are famous investments. Here are some of the best mutual fund investments.

Birla Sun Life Tax Relief 96

Birla Sun Life Tax Relief 96 is rated number one by CRISIL. Value Research Online rated it 4 stars. The fund generated a return of 30 per cent on an average every year in the last 3 years. This fund even has no exit load on the fund. The minimum SIP Investment is Rs.500.

Axis Long Term Equity Fund

This is also a very popular Fund. It received five stars from both CRISIL and Value Research Online have given it five-stars. This fund also generated average return of 30 per cent in last three years.

Tata India Tax Savings Fund

This is an open ended equity linked tax saving scheme (ELSS) with a compulsory lock-in period of three years. It gave an average return of 26 per cent.

Birla Sun Life Tax Plan

Birla Sun Life Tax Plan is number two by CRISIL and received four starts from Value Research Online. It gave an average return of 28 per cent in the last three years. The fund has given returns of about per cent from the beginning.

DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund also has four star rating from Value Research Online. Since the fund was launched, it gave 14.5 per cent return. It had an average return of 28.44 percent in the last three years.

Franklin India Taxshield Fund

This fund gave a return of 27per cent on an average each year, in the last three years.

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