Are there any tax saving mutual fund schemes with SIP?

Yes, you can start an SIP in an Equity Linked Saving Scheme (ELSS) Mutual Funds, that get you tax benefit of upto Rs 46,350, assuming you invest Rs 1.5 lakhs (maximum allowed).

Go for Direct Plan options in these, as you instantly get an extra saving of Rs 7,500 but cutting out commissions.

Here is a list of best tax saving funds with SIP for 2018.

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How Much Will Your SIP Grow to?

Use our free SIP calculator to project your wealth at 5, 10, or 20 years. Small monthly amounts compound into life-changing wealth — but only if you start early enough.

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