Deductions are only available for specfic kind of mutual fund, ie ELSS (Equity Linked Saving Scheme). Such units are issued under three scheme ELSS- 1992; ELSS- 1992 as modified in 1998 and ELSS- 2005. Only ELSS scheme mentioned above are eligible for getting deductions under Sec 80C. These are also known as tax saving mutual funds.
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