Table of Contents
Is Tata Ethical Fund tax exempt?
The Scheme is managed by Tata Asset Management Limited (TAML). Income of the Fund totally exempt from income tax under Section 10 (23D) of the Income Tax Act, 1961.
Which mutual fund is eligible for 80C?
ELSS mutual funds
ELSS mutual funds are the only class of mutual funds eligible for tax deductions. You can save up to Rs 46,800 (tax deductions of up to Rs 1,50,000) a year in taxes by investing in ELSS, which is covered under Section 80C of the Income Tax Act, 1961.
Are SIP eligible for 80C deduction?
You can initiate an SIP into an ELSS, the most popular tax-saving investment under Section 80C of the Income Tax Act, 1961. Every SIP instalment into an SIP counts towards tax deductions under Section 80C. You can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes.
How good is Tata Ethical Fund?
The fund has a 3/5/9 year CAGR of 23.7\%, 19.2\% and NA respectively. The Average 3/5/9 year Rolling Alpha is 3.8\%, 3.0\% and 3.0\%. Its 3-year performance is Not Good as it has not outperformed its benchmark consistently….Tata Ethical Fund – Regular Plan – Growth.
| Launch Date | 24 May 1996 |
|---|---|
| Exit Load | 0.00\% |
How can I redeem my Tata India tax savings?
To Redeem: Send an SMS RED space space space to 56767177 i.e. for example, for redeeming Rs. 1,000 in Tata India Tax Saving Fund – Direct Plan – Growth option in folio number 12345678, SMS RED 1000 TTSFGZ 12345678.
Which mutual funds are tax free in India?
Top 10 Tax Saving Mutual Funds in India
| Funds | 1-Year Returns (\%) | 5-Year Returns |
|---|---|---|
| Aditya Birla Sun Life Tax Relief 96 Fund Growth | 19.3 | 23.5 |
| Aditya Birla Sun Life Tax Plan Growth | 18.9 | 22.6 |
| DSP BlackRock Tax Saver Fund Growth | 9 | 21 |
| Axis Long Term Equity Fund Growth | 18.1 | 24 |
Is Tata Ethical Fund Tax Saver?
Fund Overview The Tata India Tax Savings Fund is an open-ended equity linked tax saving scheme (ELSS) with a compulsory lock-in period of three years. It has the dual advantage of Tax Benefit under Section 80C of the Income Tax Act and the opportunity to catch the long-term upside potential of the Indian equity market.