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Tax Saving Mutual Funds

Save up to Rs. 46,800 in tax & grow your investment

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INVESTMENTS>TAX SAVING FUNDS

What are Tax Saving Funds?

Wondering how to save Tax? PhonePe has the perfect solution for you.

Tax Saving Funds are an Equity Linked Savings Scheme (ELSS) with a 3 year lock-in period, which is the minimum among all eligible investment products under Section 80C. These funds are also known to deliver higher long-term returns compared to other 80C investment options. Thus, these investments do both: save and grow your money!

As per section 80C, you can invest upto Rs 1.5 Lakh per year in Mutual Funds and save up to Rs. 46,800 in tax!

Wondering how much Tax you can save with PhonePe’s ELSS Investment?

Your taxable income

₹6,00,000

Before Section 80C

₹33,800

After investment of ₹1,00,000*

₹0

Your tax savings*

₹33,800

Your taxable income

₹8,00,000

Before Section 80C

₹75,400

After investment of ₹1,50,000

₹44,200

Your tax savings*

₹31,200

Your taxable income

₹10,00,000

Before Section 80C

₹1,17,000

After investment of ₹1,50,000

₹85,800

Your tax savings*

₹31,200

Your taxable income

₹12,00,000

Before Section 80C

₹1,79,400

After investment of ₹1,50,000

₹1,32,600

Your tax savings*

₹46,800

* If your taxable income is ₹6,00,000, you just need yo invest ₹1,00,000 to reduce your tax liability to NIL since individuals with less than ₹5,00,000 taxable income enjoy tax rebate of ₹12,000. The above tax saving calculation includes saving on Health and Education Cess

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Save & grow your money easily with Tax Saving Funds

Tax Saving Scheme for 3-year lock-in period

Avail the shortest lock-in period of 3 years

Best Tax Saving Schemes in India

Save & grow your money in the long term

Start saving your tax with less investment

Start with as little as Rs. 500

Tax Saving Fund in less than 5 minutes

Invest in less than 5 minutes & get an instant tax receipt

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Save up to Rs. 46,800 in tax &
grow your investment

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Grow my wealth

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI
Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI
Regn. No.: IN-DP-696-2022 and Mutual Fund distributor with AMFI
Registration No: ARN- 187821.

Registered and Correspondence: Office - 2, No. 80/1, 81/1 and 81/2,
Floor 3,4,5,6 and 7, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout,
Bellandur, Bengaluru South, Bengaluru, Karnataka - 560103, INDIA.

Mutual fund investments are subject to market risks. Read all scheme related documents carefully.