Inquiry (deduction u/s 80 c of it act 1961 for mutual funds)

This query is : Resolved

ashwani (Querist)
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07 August 2018 Respected Experts ,

I want to know that investment in SIP is deductible u/s 80 C or not? I invest in the following funds:

1: Mirae Assets Emerging Blue chip (Equity Fund)= 2000/-P.M
2: Aditya Birla Sun life Small & Mid Cap Fund(Equity Fund)=2000/- P.M

Kindly let me know about it.

Thanking You

ALOK GOEL

ALOK GOEL (Expert)
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09 August 2018 This is not 80C instrument.

Only dividend upto 1 Lakh is non taxable.

ashwani

ashwani (Querist)
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09 August 2018 Thanks sir for your reply.

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