Top 3 ELSS Mutual Fund for 2021 | Best option to save tax for 2021
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Disclaimer: This video is only for education purpose. Consult your financial Advisor before investing your money.
While it is important to invest money, it is equally important to save money. And one option to save money is by reducing the income tax liabilities. If your income is above 10 lakh then you can save upto Rs 46,800 with just 1 tax saving option under 80C? Likewise, anyone with income of more than 5 lakh would have to pay tax. So it is important to understand various options of tax saving. One of the most popular option is tax saving under section 80C where you can reduce your taxable income upto 1.5 lakh. There are few more options to save tax. But in this video we will only consider the tax saving under section 80c.
I have divided this video in 3 parts: In the 1st part, we have discuss the 5 best options to save tax under section 80C. In the 2nd part, we will understand the ELSS mutual fund category for tax saving. Finally, in the 3rd part, I will mention the top 3 ELSS mutual funds for tax saving.
Top 5 options of investment to save tax under section 80C:
Tax saving FD
PPF/EPF
Principal on home loan
NPS
ELSS
Top 3 option of ELSS:
Mirae Asset Tax Saver
Axis Long Term Equity Fund
Canara Robeco Tax Saver