We analyzed the Top 10 Tax Saving Mutual funds for Investment in 2023-24, Ranked by Last 5 Years Returns @ 28% p.a. & More … With dual advantage of tax-saving & potential for better returns than traditional tax-saving investment products, this category of mutual fund schemes is must have for every investor. These funds also have the lowest lock-in period of just 3 years amongst all the options available in Section 80C. ·          Investment up to Rs.1,50,000 every year is eligible for tax deduction under Section 80C of The Income Tax Act ·          Starting a monthly SIP for long-term gets you a lifetime guaranteed tax-savings (subject to Rs.1.5 lakh annual limit & no changes in Tax Laws) ·          Potential for better long-term returns than traditional options like PPF & Fixed Deposits     1.         Quant Tax Plan Direct - Growth 2.          Mirae Asset Tax Saver Fund Direct-Growth 3.          Canara Robeco Equity Tax Saver Direct- Growth 4.