ELSS vs PPF vs FD: Which Is the Best Tax Saving Option?

Wiki Article

Tax saving mutual fund (ELSS) are ideal for individuals seeking tax deductions while maximizing investment returns. Salaried professionals can benefit from ELSS by saving up to ₹46,800 in taxes annually under Section 80C. Self-employed individuals and business owners can also take advantage of ELSS to reduce taxable income while growing wealth. Investors with a long-term perspective can benefit from the equity exposure of ELSS, which has historically outperformed fixed-income instruments. Additionally, ELSS offers SIP investment options, allowing beginners to start with small amounts. Unlike PPF or NSC, ELSS provides market-linked returns, making it suitable for wealth creation. If you want to reduce tax liability while investing in high-growth assets, ELSS is the right choice. Start your tax-saving investment journey today and build a strong financial future.