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Sip in dsp black rock whether allowed deduction u/s80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 March 2016 Whether monthly investment in DSP Black Rock SIP is allowed as deduction u/s80C ?
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praveen

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praveen (Expert)
08 March 2016 You need the fund name to decide whether it is allowed or not. For Eg. DSP Black Rock Blue Chip etc. If the MF is investing only in equity then it is allowed as deduction otherwise deduction is not allowed.

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