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This is John, satisfied with his salary, he wants to save his tax amount now.
John: Okay! So I have a lot of options now. Like 5 year tax saving fixed deposit, national saving scheme certificate, PPF account, Equity Linked Saving Scheme (ELSS) etc. And I am totally confused about where to invest my money.
John: Hey Smith, Help me! I am totally confused about an investment that can help me with tax saving as well as its growth.
Smith: Calm Down John! Don’t worry. There are a lot of options available in the market but I suggest you to read more about ELSS.
John: YES! I read about ELSS. But I am not confident on it
Smith: You may consider Aditya Birla Sun life Tax Relief fund ’96 (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit):
John: Now I get it! So its final, I’ll invest in ELSS.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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