Equity funds are the most consistent and feasible instruments to invest and enjoy tax savings

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Equity funds are one of the best tax-saving instruments offering investors a tax deduction of up to Rs 1.5 lacs under Se...

  • Category: Financial & Legal Services
  • Published: 05/04/2016
  • Current Rating: /5 0 Vote

    Description

    Equity funds are one of the best tax-saving instruments offering investors a tax deduction of up to Rs 1.5 lacs under Section 80C of the Income Tax Act. They offer compounded interest on the initial amount invested and help generate returns higher than the prevailing rate of inflation. Their USP lies in not having a maturity date as a result of which you can continue investing even after the expiration of the lock-in period.


     


    For Investing in equity mutual funds   - https://www.icicipruamc.com/OurFunds/equity-funds.aspx


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