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Invest in tax-saving mutual funds to enjoy dual benefits

DNMUM402033 | 12/1/2017 | Author : Shalini Sekhri | WC :401

Personal Finance

When it comes to financial matters, money saved is money earned! ??
It is soon going to be that time of the year when the annual exercise of planning one’s tax saving investments will be in full swing.??
Previously, most of us have opted for traditional avenues like Public Provident Fund (PPF), National Savings Certificates (NSC), designated Fixed Deposits and National Pension System (NPS) to avail the tax saving benefits under Section 80C of the Income Tax Act. All of these options require long-term commitment, with a lock-in period of anywhere from 5 to 15 years. Did you know Mutual Fund Equity Linked Saving Schemes (ELSS) also gives you tax rebate under Section 80C? These funds not only have the lowest lock-in period (th
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