Sir,
If anyone has invested his money in
1. SBI MUTUAL FUND REGULAR GROWTH PLAN
2. SBI MUTUAL FUND DIRECT GROWTH PLAN
which of these falls under section 80C for deduction.
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Which mutual fund falls under 80C
Replies (3)
Quick Summary
Basically sbi mutual funds ELSS fund are tax free
but to know above two are tax free or not is little bit difficult to as in above both the category comes many others investment too and I don't know under which you doing sbi mutual fund ..... simply check out the the letter that given you in your email id by the portal where you trade or if by broker then the first or last page of the document they provide you
in the form of sip then deduction there
but to know above two are tax free or not is little bit difficult to as in above both the category comes many others investment too and I don't know under which you doing sbi mutual fund ..... simply check out the the letter that given you in your email id by the portal where you trade or if by broker then the first or last page of the document they provide you
in the form of sip then deduction there
If it is linked to equity shares then you will get deduction.
Thanks everyone for the reply
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