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Moneycontrol.com >> Mutual Funds >> Invest & Save Tax

Dear Investor,

You don't have to wait till March to do your tax planning. Start early and stay on course!

Equity Tax Saving Schemes (ELSS) play an important role in your tax planning as you can get a tax saving of Rs 33,660* by the financial year end under Section 80C. Besides, you also benefit from the growth potential of equities..

To invest in the Tax Saving schemes, download the Application Form or fill in your contact details and have the Forms e-mailed to you.

Equity Tax Saving - Best Funds to Buy			Order

Magnum Tax Gain Scheme
Birla Tax Relief 96
HDFC Tax Saver
Principal Tax Savings
Sundaram TaxSaver (OE) (G)

* For investors in the highest tax bracket (with tax rate = 30% + surcharge and education cess as per Budget 2006) can save up to Rs 33,660 on an investment of Rs 1 lakh in Equity Tax Saving Schemes.

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*Mandatory

PAN is now mandatory for investment(s) in Mutual Funds irrespective of value of investment(s)

Photo copy of the PAN CARD for all applicants [including for NRIs] duly attested by any of the following:

a) AMFI Certified Distributors [ARN No. to be specified with Name and Signature]
b) Notary Public [with seal and Name]
c) Bank Manager [with Bank seal]
d) Employees of Asset Management Company [with Company seal]
e) Employees of CAMS Front Offices [with Company seal]

If PAN is not available, photocopy of proof having applied for PAN has to be submitted.

To receive Mutual Fund Application Forms in physical format, click here

Disclaimer:Mutual Fund investments are subject to market risks, please read the offer document before investing. Investors may note that securities, which offer higher potential return, will usually display higher volatility. Equity securities by nature are volatile and prone to price fluctuations on a daily basis due to macro & micro factors.

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