Q.
Does investment in this fund has tax benefit under section 80C of the Income Tax?
About: Mutual Fund: Reliance Diversified Power Sector Fund
Asked by sachin Khandelwal,
20 Sep '07 03:28 pm
Earn 10 points for answering
Answers (1)
1.
Mr. Sachin Khandelwal,
This is an open ended diversified equity scheme. It does not have any tax benefit under section 80C of the Income Tax Act. If you want to invest in mutual funds and also avail of tax tax benefits, then you should opt for ELSS (Equity Linked Savings Scheme) schemes.
If you have any futher doubts regarding finance planning or wealth management, just log in to my blog. You will be answered within 72 hours (3days).
Blog Add:
http://clearmydoubt.blogspot.com
Answered by Ash Ketchem, 22 Sep '07 12:18 am
This is an open ended diversified equity scheme. It does not have any tax benefit under section 80C of the Income Tax Act. If you want to invest in mutual funds and also avail of tax tax benefits, then you should opt for ELSS (Equity Linked Savings Scheme) schemes.
If you have any futher doubts regarding finance planning or wealth management, just log in to my blog. You will be answered within 72 hours (3days).
Blog Add:
http://clearmydoubt.blogspot.com
Report abuse
Useful
(0)
Not Useful
(0)
Your vote on this answer has already been received