Saturday, May 9, 2015

Rural Electrification Corporation BONDS

Rural Electrification Corporation Ltd (REC) has announced Capital Gain Tax Exemption-54EC Bonds Series-X for 2015-16. This is a non-transferable, non-negotiable bond with a face value of `10,000. The minimum application size is two bonds and the coupon rate is 6% annually. The issue will close on 31 March 2016.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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