Here's why you should invest more than Rs 1.5 lakh in tax-saving funds
Updated : February 05, 2019 02:39 PM IST
Although there is no restriction on the amount one can invest in it, investments up to Rs 1.5 lakh in a financial year is exempt under section 80C of the Income Tax Act. The recent budget kept the section 80C limit of Rs 1.5 lakh intact.
Financial planners advise investing in equity mutual funds with long-time frame – typically in excess of five years and in that case three-year lock-in is not a hindrance.
Over 10 years, multi cap mutual funds have given 17.66 percent returns whereas ELSS has given 17.18 percent returns, according to Value Research as on February 1, 2019.
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