Sunday, 29 January 2012

List of tax saving mutual funds (ELSS) & Fund houses

This is the time of tax saving investments and there are a few tax saving instruments to get income tax exemption under section 80C of income tax act. One can get income tax exemption up to Rs. 100000 of income under section 80C for the investment in any one or various tax saving schemes. You can invest in Equity linked tax saving schemes (ELSS) which also known as tax saving mutual funds to get income tax exemption under section 80C. ELSS allows the shortest lock in period of your investments. In ELSS (Tax saving equity linked mutual funds) you should lock your money only for 3 years to get income tax exemption. Other tax saving investments has a lock in period from 5 years or more.

To invest in Tax saving mutual funds you must know which mutual funds are tax saving plans. All equity related mutual funds are not tax saving mutual funds. You can see a lot of tax saving equity related mutual funds (ELSS) issued by various fund houses. List of such equity related tax saving mutual funds from various mutual fund houses is follows. You can select a few such mutual funds and search more about the fund and its performance before choosing one to invest for your tax saving investment under section 80C. The list shows the name of mutual fund and Name of fund house. Search with the name of mutual fund with any search engine to know more about the fund.

AXIS Long Term Equity Fund       - AXIS Mutual Fund

BNP Paribas Tax Advantage Plan (ELSS)   - BNP Paribas Mutual Fund

Baroda Pioneer ELSS `96   - Baroda Pioneer Mutual Fund

Bharti AXA Tax Advantage Fund – Eco   - Bharti AXA Mutual Fund

Bharti AXA Tax Advantage Fund - Bharti AXA Mutual Fund

Birla Sun Life Tax Plan - Birla Sun Life Mutual Fund

Birla Sun Life Tax Relief `96 - Birla Sun Life Mutual Fund

Canara Robeco Equity - Tax Saver - Canara Robeco Mutual Fund

DSP BR Tax Saver Fund - DSP BlackRock Mutual Fund

DWS Tax Saving Fund - Deutsche Mutual Fund

Edelweiss ELSS Fund - Edelweiss Mutual Fund

Escorts Tax Plan-(D) - Escorts Mutual Fund

Fidelity Tax Advantage Fund - Fidelity Mutual Fund

Franklin India Taxshield - Franklin Templeton Mutual Fund

HDFC Long Term Advantage Fund - HDFC Mutual Fund

HDFC Tax Saver Fund  - HDFC Mutual Fund

HSBC Tax Saver Equity Fund - HSBC Mutual Fund

ICICI Pru R.I.G.H.T. Fund - ICICI Prudential Mutual Fund

ICICI Pru Tax Plan - ICICI Prudential Mutual Fund

IDFC Tax Advantage (ELSS) Fund - IDFC Mutual Fund

ING OptiMix Retireinvest Fund - Series I - ING Mutual Fund

ING Tax Savings Fund - ING Mutual Fund

JM Tax Gain Fund - JM Financial Mutual Fund

JPMorgan India Tax Advantage Fund - JP Morgan Mutual Fund

Kotak Tax Saver - Kotak Mahindra Mutual Fund

L&T Tax Advantage Fund - Sr.I - L&T Mutual Fund

L&T Tax Saver Fund - L&T Mutual Fund


Principal Personal Tax saver Fund - PRINCIPAL Mutual Fund

Principal Tax Saving Fund - PRINCIPAL Mutual Fund

Quantum Tax Saving Fund - Quantum Mutual Fund

Reliance Equity Linked Saving Fund - Sr.I - Reliance Mutual Fund

Reliance Tax Saver (ELSS) Fund - Reliance Mutual Fund

Religare AGILE Tax Fund - Religare Mutual Fund

Religare Tax Plan - Religare Mutual Fund

SBI Magnum Tax Gain Scheme - SBI Mutual Fund

SBI Tax Advantage Fund - Series I - SBI Mutual Fund

Sahara Tax Gain Fund - Sahara Mutual Fund

Sundaram Tax Saver - Sundaram Mutual Fund

Tata Infrastructure Tax Saving Fund - Tata Mutual Fund

Tata Tax Advantage Fund – 1 - Tata Mutual Fund

Tata Tax Saving Fund - Tata Mutual Fund

Taurus Tax Shield - Taurus Mutual Fund

UTI-Equity Tax Savings Plan - UTI Mutual Fund

UTI-Long Term Advantage Fund – UTI Mutual Fund

UTI-Long Term Advantage Fund - Sr.II – UTI Mutual Fund

UTI-Master Equity Plan Unit Scheme - UTI Mutual Fund

Union KBC Tax Saver Scheme - Union KBC Mutual Fund

You can choose from the above mentioned tax saving mutual funds. We strongly recommend reading and studying more about the fund you chose before purchasing one of them. Kindly read How to choose profitable mutual fund to invest and search with any search engine like to analyse the fund.

List of tax saving mutual funds (ELSS)

Related posts

Fund of Funds to simplify your investment process

Advantages of Mutual Fund and Performance


  1. Its a very good sharing blog regarding saving additional tax. Most of the queries are clear regarding tax saving from this blog.

  2. [...] 22nd December, 2012 and will be ended on 21st January, 2012. This mutual fund is classified under ELSS (Equity Linked Saving [...]