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How to Save Tax through Indian Mutual Funds?

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Taxable Bonds
Senior Citizen Savings Scheme 2004
Comparison of all Government Schemes
 
Mutual Funds allows you to save tax through number of schemes.
Limitation of Post Office Schemes
Many people do not want to go for tax saving schemes offered by Post office as the return in those schemes ranges from about 7% - 8% p.a. along with lock-in period from 6 years to 15 years. Similarly, in case of LIC policy, the premium has to pay for number of years and there is no liquidity.
Why Mutual Funds
Generally, tax saving schemes have less lock-in period as compared to post office schemes i.e. of 3 years which means you can withdraw your money before 3 years. The returns have gone much higher than post office schemes in the last 2 years.
 

Investment Instrument Tax Free Contribution Tax Free Income Tax free on maturity Annual Returns
ELSS Fund 42%
PPF 8%
NSC 8.16%
5 yr bank deposit 7.5%
Life Insurance -

 
We've selected some of the best schemes which offers tax benefits and they've given good returns in the past couple of years.
Birla Tax Relief 96
SBI-MF Tax Saving Scheme
   
   
   

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