Is sbi mutual fund and Income tax

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Ramesh sp (Querist)
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07 March 2017 Hi team, I have invested in sbi magnum mid cap fund(G), through sip, and can I show this for income tax slab , for saving tax amount. pl guide me

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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07 March 2017 No SBI magnum mid cap fund growth doesn't qualify 80C ELSS Benefits.

Ramesh sp

Ramesh sp (Querist)
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08 March 2017 so in which I can invest to get tax benefits worth of amt 1.3L

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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08 March 2017 Tax saving mutual funds or Tax saving FD Locking period 5 years,NSC PPF avail tax benefit upto 1.5 lakhs

Ramesh sp

Ramesh sp (Querist)
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08 March 2017 thank you sir

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