Best Tax Saver for 2016 is Tax Saving Mutual Funds
Everyone is looking to make some tax saving investment. There are plenty of options for investments. 5 year FD, 10 year Bonds, Medical Insurance, PPF, Health Insurance etc… But to choose from them you need to consider the returns and the term of lock-in period of your investment.
Considering the current Market position and several other factors Tax Saver
Mutual Funds are selected as the best Tax Saving investment for 2016.
The factors making the Tax Saving Mutual Funds the best option for saving
tax are shortest lock in period among all other investments. Since the ELSS
are market linked there is a risk associated with this, but most of the ELSS
always gives high returns. There are no or very small fee for the investing
in ELSS while other insurance polices have huge amount of fees.
