let’s talk about Equity Linked Saving System (ELSS) – a way to save money that’s all about investing in the stock market or equity, you know? If you throw up to 1.5 lakhs in ELSS, you can score a tax break according to Section 80C of the Annual Assessment Act. And guess what? ELSS doesn’t lock up your cash for ages – just three years, man. After that, you’re free to cash out your investment, like, woohoo! If you wanna get the most juice from ELSS, it’s smart to keep your moolah there for a nice chunk of time. But here’s the twist: if you got more than one ELSS investment, each one’s got its own three-year lockdown, so you end up with all these different maturity dates.
Quant Fund
Now, check out the Quant Fund, folks. This mutual fund’s been around since the way-back year of 1996, and it’s like, old school, you know? They offer all these different investments in various areas, like stocks, saving taxes, debts, and mixes of all that jazz. What’s rad is how they handle money – it’s all about being dynamic and flexible, which helps them make money for their peeps. They’re big on “Predictive Analysis,” which helps them figure out economic storms and stay up there with India’s top dogs in the investment game.
IDFC Tax Advantage Fund
Let’s cruise over to the IDFC Tax Advantage Fund. This setup’s made to follow these rules laid out by government notifications back in 2005. It’s like a plan where you toss in your cash and get these tax benefits, up to 1.5 lakhs or whatever the current gig is under Section 80C (2) (xiii) of the Income Tax Act, 1961. They’re all set to change their game as the government and regulators throw down the rules in the future.
Kotak Tax Saver Fund
Kotak Tax Saver Fund is another player in the scene, my dudes. It started back in 1998, tagging along with Kotak Mahindra Bank Limited. In 2020, they became the first to start one of those International REIT Fund of Funds. They’re like, super cool ’cause they’re one of the few in India that can manage pension funds. They’re all about offering a bunch of services, from banking to investing to insurance, you name it. And they’ve got a bunch of people throwing in their cash and a big group of retailers backing them up.
Canara Robeco Equity Tax
Enter Canara Robeco Equity Tax Saver Fund, a real contender in the ELSS game. Managed by Canara Robeco Mutual Fund, they’ve got this rep for steady performance. They’ve been around since 2009, handling assets worth 3,218 Cr. Their whole thing is about long-term growth, playing the game with value-related stuff across companies of all sizes.
PGIM India ELSS Tax Saver Fund
PGIM India ELSS Tax Saver Fund is like this big shot globally, with all these investment folks hanging out in their offices everywhere. They’re based in New Jersey, you know, and their team’s huge. They’ve got this whole deal with investing in growing companies, checking out things like earnings and sales, all that good stuff, to make smart moves.
Mirae Asset Tax Saver Fund
Meet Mirae Asset Tax Saver Fund – they’re all about chucking like 80% of their cash into stocks to make it grow over time. They’re not picky about the stocks they grab or how they do it. They just want the growth, man. They’re into investing in companies that are set up well and have that juicy growth potential.
DSP Tax Saver Fund
DSP Tax Saver Fund (Growth) is an open-ended equity-linked mutual fund scheme. The fund aims to provide long-term capital appreciation and growth while offering tax savings under Direct Taxes. It invests in established companies across various sectors and industries at reasonable valuations. The fund builds a portfolio of stocks that have different geographical locations, market sizes, and asset categories. The investment strategy of the fund follows a bottom-up approach, focusing on value investing and growth-oriented action plans.
TATA Asset Management Ltd.
TATA Asset Management Ltd. is like part of that Tata Group thing and they’re handling Tata Mutual Fund. They’ve been in the game since like 1994, offering all these different ways to invest based on how much risk you’re okay with and what you want out of your investments. They’re all about performing well, giving good service, and building trust. They’re all legit and registered with SEBI as a mutual fund and a portfolio manager.
SBI Long-Term Equity Fund
SBI Long-Term Equity Fund is in on this whole deal with SBI Mutual Fund, started up by State Bank of India in 1987. It’s like this partnership thing with Amundi, this big shot in asset management. Together, they’re managing all this money from different folks. They’re all about following the rules and standards, and this partnership kicked off back in 2011..
Franklin India Tax Shield Fund
Franklin India Tax Shield Fund is like hanging out with Franklin Templeton, this international investment thing. They kicked things off in New York back in 1947 and they’ve grown big time, managing all this money from all sorts of investors. They’re listed on the New York Stock Exchange with this fancy ticker symbol BEN, giving props to Benjamin Franklin, who inspired the founder, Rupert H. Johnson Sr. They even made a move from New York to California in 1973.
