Best 6 tax saving mutual funds to invest in 2020-21 FY

Best 6 ELSS or tax saving mutual funds to invest in 2020-21 FY

If you are looking to invest with an investment horizon of five to seven years, you may invest in tax saving mutual fund schemes to save taxes this 2020-21 financial year.

If your tax-saving exercise was spoiled by the coronavirus pandemic in the last financial year, this is your last chance to salvage the situation.

You can make investments in certain tax-saving investments like ELSS until 2020 June 30 to claim tax deductions for the last financial year. 

The government has extended the last date for making tax-saving investments in the last financial year to June 30, 2020 from March 31, 2020.

The government has announced the measure to deal with disruptions caused by the virus pandemic in the lives of many taxpayers.

Best 6 ELSS mutual funds to invest in 2020

1. Motilal Oswal Long Term Equity Fund

2. Aditya Birla Sun Life Tax Relief 96                                            

3. Invesco India Tax Plan

4. Axis Long Term Equity Fund

5. Mirae Asset Tax Saver

6. DSP Tax Saver

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