canara robeco equity tax saver fund, tax schemes that help you save your money from tax up to one lakh rupees!.. – best elss tax saving mutual funds to invest in 2022

In India we can save our income under Section 80C (80C). For that, you can save under 80C by investing in tax saving mutual fund schemes.

If you invest a maximum of Rs 1.5 lakh in tax saving mutual funds or Equity Linked Savings Schemes (ELSS) you can definitely get tax exemption. Before investing in this mutual fund scheme you must first know clearly about it.

Tax Saving Mutual Funds or ELSSs invest in stocks. So investors should keep in mind that investing in it carries a high level of risk.

You should be very careful about these types of schemes, especially if you are a first-time investor in equity mutual funds.

Compared to your regular investments like General Provident Funds, ELSSs do not offer guaranteed returns. Remember that even in a bad market you can make losses.

The whole purpose of this is to protect your income without paying too much in taxes. Here are the best tax saving mutual fund schemes to invest this year.

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

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