Everyone looks for the best ways to reduce the tax burden. Now you can make it at the same time of enjoying good returns out of the investment. There are mutual funds with systematic investment plans to help you invest a fixed amount monthly and to make good returns without paying the tax. These mutual funds are eligible to get tax benefits to the maximum limit of Rs.1.5 lakh and bring double benefits tax saving and investment returns.
No more wait for years
Present generation hates waiting for long years to get the returns. They look for short term investment with tax benefits. Most of the investment products come with a duration of 3 to 15 years with strict conditions to redeem or withdraw the amount. On the other hand, tax-free mutual fund comes with the lowest lock-in period of 3 years. This makes you free from investing amount and to stay waited for long years.
Systematic investment plan
Are you not interested to make a good amount as a one-time investment? Then tax-free mutual funds with SIP are the best choice for you. Under this plan, you can invest a fixed amount each month to be free from long term risks. This help everyone to think about investing in the mutual fund and it promotes the habit of saving. This is one of the fantastic options for the salaried person to select from to make the investment for the future.
Easy to switch the funds
It is a good idea to invest the amount on different funds than putting the entire amount on a single fund. Mutual funds provide you with the options to stop investing in the underperforming funds and to select the funds with better performance. This option helps you manage the risk in an efficient way to make decent returns out of the funds within the shortest possible time.
Even though there are several online sources to provide information on mutual funds it is good to get professional advice from the experts. With an incredible knowledge of mutual funds and market, they help you select the funds with better performance. Reputed companies provide free professional advice for the investors to make their investment really worth for them. Mutual fund advisors can help you select the best tax saving fund based on your budget and expectations.
No more needs to walk into the nearest office of an asset management company or fund house. There are online mutual fund portals to bring the list of best tax-free mutual funds to select from. Everything from KYC uploading, selection of mutual fund and payment are made online to help the people to save the good volume of effort and time. The process is completely made free from any sort of paper works and you can manage your account online.
Think about direct mutual fund app before you finalize your investment decisions. Partner with the best online mutual fund service provider of the country to enjoy maximum tax benefits for your mutual fund investment.