What are the best tax-saving mutual funds for 2023?
Some of the best tax-saving mutual funds for 2023 include Axis Long Term Equity Fund, Mirae Asset Tax Saver Fund, and SBI Long Term Equity Fund. Would you like to know more about any specific fund?
Yes, tell me more about the Axis Long Term Equity Fund.
The Axis Long Term Equity Fund is an ELSS fund that aims for long-term capital appreciation. It has a good track record and offers tax benefits under Section 80C. Its expense ratio is competitive, and it has a diversified portfolio.
What are the risks associated with investing in ELSS funds?
ELSS funds are subject to market risks, as they invest primarily in equities. The value of your investment can fluctuate based on market conditions. It's important to have a long-term investment horizon.
How much can I invest in these funds to get tax benefits?
You can invest up to ₹1.5 lakh in ELSS funds to claim tax deductions under Section 80C of the Income Tax Act.
Get this answer and more from ChatGPT in Telegram, try it for free!
Get Started For FreePowered by advanced language models trained on billions of online words and conversations, MagicBuddy delivers friendly and helpful chat on demand.
Ask questions and get answers. Crack jokes and get laughs. Or even get writing ideas and study help. MagicBuddy's conversational intelligence allows for a truly unique and useful chat experience.
Curious? Try these prompts:
MagicBuddy is incredibly easy to use and the responses are lightning fast! 🥇
Impressive! MagicBuddy is my go-to AI assistant. It’s quick, accurate, and user-friendly.
Sending voice messages makes it easier to use in the middle of the day and the answers are super fast.
Love it! A friend of mine told me about it and it has made my life so much easier. It’s like having a helpful friend in my pocket!
I use 2 months already, simply amazing! MagicBuddy delivers answers in a snap. It’s a must-have tool for staying informed!
Game-changer! MagicBuddy’s speed and accuracy are unmatched. It’s my secret weapon for productivity
Say Hello to Your New Telegram BFF - Try MagicBuddy Free!
Get Started For Free