80C Investment Options for a Private Discretionary Trust

Munish Daga (NA) (24 Points)

11 September 2010  



I have created a Private Discretionary trust for my minor daughter to enable tax savings. I wanted to know what options I have to utilize 80C for this trust. I understand that PPF accounts cannot be opened for Private Trusts and they also cannot invest in SCSS or PF or LIC or Pension so does that leave only ELSS. Also if it is onlt ELSS then in new DTC 80C wii not be available practically for Private Trusts. Request clarification from someone on this.