Tax-saving mutual funds, especially Equity Linked Savings Schemes (ELSS), remain a preferred investment for Indian taxpayers seeking to grow wealth while reducing taxable income under Section 80C. As tax laws and investment options become more complex, the need for digital tools to track both mutual fund investments and eligible deductions has never been greater. In 2025, several apps stand out for their ability to help you manage, track, and optimize your tax-saving strategies—most notably, TaxBuddy, which goes beyond investment tracking to offer comprehensive tax planning and filing support.
Why Use Apps to Track Tax-Saving Mutual Funds & Deductions?
- Centralized Tracking: View all ELSS and other tax-saving investments in one place.
- Real-Time Updates: Monitor fund performance and Section 80C utilization instantly.
- Tax Optimization: Get insights and recommendations to maximize your deductions.
- Easy Documentation: Download statements and tax proofs for income tax filing.
- Expert Guidance: Access professional advice for tax planning and compliance.
What to Look for in a Tax-Saving Mutual Fund & Deduction App
- Comprehensive ELSS Coverage: Broad selection of direct mutual funds.
- Deduction Monitoring: Tools to track Section 80C and other deduction limits.
- Portfolio Analytics: Deep insights into returns, risk, and tax benefits.
- Tax Planning Tools: Calculators, personalized suggestions, and reminders.
- Expert Support: Access to tax professionals for complex queries.
- Secure and User-Friendly Experience: Simple navigation, strong data protection, and helpful notifications.
TaxBuddy: The Most Comprehensive Tax-Saving & Deduction App
Overview
TaxBuddy is more than just a tax filing platform—it’s a full-featured tax management solution designed for Indian taxpayers. It stands out in 2025 for its ability to help users track tax-saving mutual funds, monitor deductions, and receive expert-backed tax planning guidance, all in one app.
Key Features
- Integrated Mutual Fund & Deduction Tracking: TaxBuddy enables you to record and monitor all your ELSS and other tax-saving investments. It helps you visualize your Section 80C utilization and alerts you if you’re falling short of the ₹1.5 lakh limit.
- Personalized Tax-Saving Recommendations: The app analyzes your income, expenses, and investment profile to suggest the best tax-saving mutual funds and other eligible deductions.
- Expert-Assisted Tax Planning: Unlike most investment apps, TaxBuddy connects you with certified tax professionals who review your deductions, investments, and overall tax-saving strategy to ensure maximum benefits and compliance.
- Automated Error Checking: AI-driven checks ensure that all your deduction claims and investment details are accurate, minimizing the risk of notices or reassessment.
- Document Management: Easily upload and store proofs of investment for ELSS, insurance, PPF, and other deductions. Download consolidated tax reports for filing and compliance.
- Real-Time Notifications: Get alerts for approaching tax deadlines, deduction shortfalls, or new investment opportunities.
- Comprehensive Compliance: TaxBuddy also supports GST, TDS, and business tax compliance, making it ideal for salaried individuals, professionals, and business owners alike.
- Post-Filing Support: If you receive a notice or need to clarify any deduction with the Income Tax Department, TaxBuddy’s team assists you through resolution and representation.
How TaxBuddy Is Different
While most apps focus only on investment tracking, TaxBuddy bridges the gap between tax-saving investment management and actual tax filing. Its expert-assisted approach ensures that you don’t just invest, but also claim every eligible deduction correctly and efficiently. This is particularly valuable for users with complex income sources, multiple investments, or those seeking personalized tax planning.
User Feedback
Users consistently praise TaxBuddy for its seamless integration of investment tracking, deduction monitoring, and professional tax advice. Many highlight the peace of mind that comes from knowing their tax-saving strategy is reviewed by experts and fully compliant with the latest laws.
Other Leading Apps for Tracking Tax-Saving Mutual Funds & Deductions
While TaxBuddy excels in holistic tax management, several other apps are popular for tracking ELSS and other tax-saving investments:
Groww
- Direct ELSS Investments: Invest in and track a wide range of ELSS funds.
- Portfolio Overview: Real-time NAV, returns, and performance analytics.
- Tax Proofs: Download statements for tax filing.
- User Experience: Simple, clean interface ideal for new investors.
ET Money
- Holistic Tax-Saving Dashboard: Track ELSS, PPF, insurance, and other Section 80C investments.
- Tax Planner: Visualize your Section 80C usage and get reminders.
- Personalized Recommendations: Fund suggestions based on your goals.
- Expense & Investment Tracking: Manage all finances in one place.
INDmoney
- Portfolio Aggregation: Track all mutual fund investments, including those outside the app.
- Tax Analytics: See how much of your Section 80C is utilized.
- Family Portfolio: Monitor tax-saving investments for your entire household.
- Reports & Proofs: Download capital gains and deduction statements.
Scripbox
- Curated ELSS Funds: Access to top-performing tax-saving mutual funds.
- Tax Optimization Tools: Plan investments to maximize deductions.
- Goal-Based Planning: Align investments with financial and tax-saving goals.
myCAMS & KFinKart
- Unified Portfolio Tracking: Manage ELSS and other mutual funds across multiple AMCs.
- Tax Statements: Download capital gains and deduction reports.
- Transaction Management: Easy SIP, redemption, and switch options.
Axis Mutual Fund, HDFC Mutual Fund, ICICI Direct
- Brand-Specific Tracking: Invest in and track ELSS from these major fund houses.
- Tax Proofs & Reports: Download all necessary documentation for filing.
Comparison Table: Top Apps for Tracking Tax-Saving Mutual Funds & Deductions
| App Name | ELSS Coverage | Deduction Tracking | Tax Planning Tools | Expert Support | Document Management | Unique Advantages |
| TaxBuddy | Yes | Yes | Yes | Yes | Yes | Expert-assisted, filing-ready |
| Groww | Yes | Basic | SIP Calculator | No | Yes | User-friendly, zero commission |
| ET Money | Yes | Yes | Advanced | Limited | Yes | Tax dashboard, reminders |
| INDmoney | Yes | Yes | Analytics | No | Yes | Sync all investments, analytics |
| Scripbox | Yes | Yes | Yes | Yes | Yes | Advisory-driven, curated funds |
| myCAMS | Yes | Yes | No | No | Yes | Multi-AMC tracking |
| KFinKart | Yes | Yes | Goal Planning | No | Yes | Alerts, robust security |
How to Maximize Your Tax-Saving Strategy Using These Apps
- Aggregate All Investments: Use apps that let you sync or record all ELSS and Section 80C investments for a complete picture.
- Set Tax Goals: Leverage calculators and planners to ensure you utilize your full deduction limits.
- Download and Store Proofs: Keep all investment proofs organized for hassle-free tax filing.
- Consult Experts: Choose platforms like TaxBuddy or Scripbox for professional tax advice and personalized planning.
- Monitor Regularly: Track performance and deduction usage, and rebalance your portfolio if needed to optimize both returns and tax savings.
- Respond Promptly to Notices: If you receive a tax notice, use apps with post-filing support to resolve issues quickly.
Frequently Asked Questions
Which app is best for tracking both tax-saving mutual funds and deductions?
TaxBuddy is the most comprehensive, offering tracking, planning, expert support, and direct integration with tax filing.
Can I track mutual funds bought from different platforms in one app?
Yes, apps like INDmoney, myCAMS, and KFinKart allow you to sync and monitor all mutual fund investments, regardless of where you purchased them.
Do these apps help with downloading tax proofs?
Most leading apps provide downloadable statements and capital gains reports for tax filing.
Are these apps safe?
Top apps are SEBI/AMFI registered and use strong encryption for data security.
Conclusion
For Indian investors and taxpayers, TaxBuddy stands out as the most holistic app for tracking tax-saving mutual funds and deductions, offering not just investment management but also professional tax planning, compliance, and filing support. Apps like Groww, ET Money, INDmoney, Scripbox, myCAMS, and KFinKart also provide robust tools for tracking and optimizing your Section 80C investments. By leveraging these platforms, you can maximize your tax benefits, stay compliant, and make smarter financial decisions throughout the year.
