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Q.

Does investment in this fund has tax benefit under section 80C of the Income Tax?

About: Mutual Fund: Reliance Diversified Power Sector Fund

Tags: section 80c, tax benefit, income tax
Asked by sachin Khandelwal, 20 Sep '07 03:28 pm
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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.
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Answered by Ash Ketchem, 22 Sep '07 12:18 am

 
  
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