ICICI Prudential Tax Plans bring to your the peace of mind that saving your hard earned money from the demon named tax gives. Investing in tax saving and tax gain plans available aplenty in the finance market helps you safeguard a major portion of your earning from going away as taxes. But finding a reliable tax saving instrument is another time consuming issue. ICICI Prudential solves this problem with their long-term equity investing along with benefits of tax saving.
ICICI Prudential Tax Plan is an open-ended ELSS or equity linked saving scheme with a lock-in period of 3 years. This ensures that you remain invested for a fixed period of 3 years that gives your fund manager a flexibility to plan long-term investments in a varied portfolio of large or medium sized stocks that help you achieve maximum growth to your investments. An amount of upto Rs. 1,00, 000 is eligible for tax benefits and gains under ICICI Prudential Tax Plans. The lock-in period is also a minimum as compared to the other counterparts NSC or PPF. The tax plan growth option that lures investors towards ICICI Prudential Tax Plan has higher rate of return and thus maximum potential growth.
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