Here’s WhyMutual Funds Make The Max SenseFor Tax-Saving compared to FDs and Insurance
| Mutual Fund | Fixed Deposit | Life Insurance |
|---|---|---|
| 3 Years Lock-in period | 5 Years Lock-in period | 5 Years Lock-in period |
| High Return as linked to Equity | Fixed Returns | Low Returns |
| Tax-free Returns from MF are tax free | Taxable Returns are taxable | Tax-free but with conditions |
| Better Liquidity as ELSS funds have shortest lock in period of 3 years | Low Liquidity | Low Liquidity as not redeemable quickly |
In short, Mutual Funds offer you the flexibility, liquidity as well as the potential for great returns, while giving you substantial tax savings!
Why Wishfin
Choice of Top AMCs
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MF Ratings you can trust-Value Research
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Investment Guidance from Wish Experts
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*Tax Benefit of 46,350* is calculated on investment of 1,50,000 at the highest tax slab rate of 30% under section 80C of Income Tax Act, 1961.