Does long term MF purchase 10 yr or more gives Income Tax Rebate ?

POSTED BY Rajiv94 ON March 23, 2014 9:40 am ONE COMMENT

1. Recently, i started SIP for long term for about 10yr keeping long term saving in mind.
Can i save tax with this?

2. If No, how can i save tax if i want to do long term investment, purchasing MF for long term.

3. Also, if i purchase MF for 3yr SIP, will it be good comparing it with long term MF investment.

My target is long term wealth creation for my kids future.

Please guide with detail quoting example to understand better.

Thanks

Rajiv

One reply on this article “Does long term MF purchase 10 yr or more gives Income Tax Rebate ?”

  1. ashalanshu says:

    Dear Rajiv, I’m trying to answer your queries.

    1. Recently, i started SIP for long term for about 10yr keeping long term saving in mind. Can i save tax with this?
    No, unless the investment is done in RGESS MFs or ELSS MFs.

    2. If No, how can i save tax if i want to do long term investment, purchasing MF for long term.
    Please invest in RGESS MFs or Tax Saver MFs (also known as ELSS).

    3. Also, if i purchase MF for 3yr SIP, will it be good comparing it with long term MF investment.
    Do it at your own risk.

    Thanks

    Ashal

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