A look at 8 tax-saving funds

By Morningstar Analysts |  07-02-19

An Equity Linked Savings Scheme, or ELSS, is a diversified equity fund that offers a tax benefit under Section 80C of the Income Tax Act. They have been covered in detail in 5 things to note about ELSS and How to choose a tax-saving fund.

Morningstar's fund analysts looked at these tax-saving funds in 2018. They are presented below in alphabetical order.

Axis Long Term Equity

Franklin India Taxshield

HDFC TaxSaver

ICICI Prudential Long Term Equity Fund (Tax Saving)

L&T Tax Advantage

Reliance Tax Saver (ELSS) Fund

SBI Magnum Taxgain Scheme

Sundaram Diversified Equity Fund

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