best tax saving funds, this is the last chance to save your income tax.. don’t miss it! – Best tax saving mutual funds to invest before March 31 2023

There are only 2 weeks left to finalize your tax saving investments this financial year. While mutual fund fund managers and advisors always repeat the benefits of starting tax planning at the beginning of the financial year, many taxpayers complete their tax saving plans only in the last two months of the financial year.

Best Tax Saving ELSS Mutual Funds To Invest By The End Of This Month!

1. Axis Long Term Equity Fund
2. Canara Robeco Equity Tax Saver Fund
3. Mirae Asset Tax Saver Fund
4. Invesco India Tax Plan Fund
5. DSP Tax Saver Fund
6. Quant Tax Plan (new addition)
7. Bank of India Tax Advantage (new addition)

Invest your investments in Equity Linked Savings Schemes or ELSS shares and save up to Rs 1.5 lakh in tax in a financial year. These schemes are very risky because of this investment strategy. However, they also have the potential to provide higher returns over the long term.

For example, ELSS or tax saving mutual fund category offers returns of over 14.21% over 10 years. And assuming its average annual return is 12%, every year for 10 years Rs. An investment of 1.5 lakhs can create a corpus of 29 lakhs.

If you want to save tax under Section 80C of the Income Tax Act this financial year, you should invest in certain investments by March 31. Note that there are market risks involved. The whole purpose of this is to protect your income without paying too much in taxes.

Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.