00:00 Everyone invests in different places to save income tax.
00:05 One of these is the mutual funds that save tax.
00:09 These are completely equity funds, but the investment in them remains locked in for 3 years.
00:15 That is, if you invest in mutual funds that save tax, you can withdraw it after 3 years.
00:22 If you look at the return of the top 10 mutual funds that save income tax, it is very good.
00:28 The annual return of mutual funds that save income tax is up to 35%.
00:33 This is the only place where you get a chance to invest in equity to save income tax.
00:39 Investors can invest in such mutual funds at a time or can also invest every month through SIP.
00:49 Tax saving mutual funds or equity linked savings schemes are diversified equity mutual funds.
00:55 If you invest in them, you get tax relief under the section 80C of the Income Tax Act.
01:00 You can invest every month or at the same time.
01:03 You can take tax relief by investing an extra 1.5 rupees during a financial year.
01:08 But remember that the ELSS funds have a lock-in period of 3 years.
01:13 If you invest today, then you can withdraw that amount only after 3 years in the state of a mutual investment.
01:20 The lock-in period applies to every SIP payment.
01:25 If you want to withdraw a lot of money in 12 months, then you have to wait for the last SIP to be completed by 3 years.
01:35 If investors want to invest in these ELSS funds, they can invest after 3 years.
01:40 You can be its investor.
01:42 After 3 years, whenever investors want, money can be withdrawn from it.
01:46 You can withdraw this money at once as per your need.
01:50 2023 is going to pass and 2024 is going to come.
01:53 So we will tell you which are the best tax saver mutual funds to give returns in 2023.
01:59 The first is ITI ELSS Tax Saver Mutual Fund, which has given a return of 35.21% during 2023.
02:07 The next is Motilal Oswal ELSS Tax Saver Mutual Fund, which has given a return of 32.85% during 2023.
02:16 Next is White Oak Capital ELSS Tax Saver Mutual Fund, which has given a return of 31.09%.
02:23 The next is HDFC ELSS Tax Saver Mutual Fund, which has given a return of 30.10% during 2023.
02:30 The next is Badoda BNP Pariba ELSS Tax Saver Mutual Fund, which has given a return of 28.61%.
02:37 The next is JM ELSS Tax Saver Mutual Fund, which has given a return of 28.55%.
02:44 The next is Invesco India ELSS Tax Saver Mutual Fund, which has given a return of 27.74%.
02:50 The next is DSP ELSS Tax Saver Mutual Fund, which has given a return of 27.31%.
02:56 The next is Taurus ELSS Tax Saver Mutual Fund, which has given a return of 26.60%.
03:02 The last ELSS Tax Saver Mutual Fund of this list is Parag Parekh, which has given a return of 26.27%.
03:10 These are the best returns of 2023 in which you would have got a return of this much.
03:20 We are not advising you to invest in this, you can invest in it according to your own.
03:28 You can also invest in it with the advice of a financial advisor.
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