ELSS vs PPF vs NPS: Which Tax-Saving Investment is Right for You?
When it comes to tax-saving investments in India, Equity-Linked Savings Scheme (ELSS), Public Provident Fund (PPF), and National Pension System (NPS) are three of the most popular choices. Each of these options offers tax benefits under Section 80C of the Income Tax Act, but they serve different financial goals. So, how do you decide which one is right for you? Let’s break it down with a detailed comparison table and key insights. ELSS vs PPF vs NPS – A Quick Comparison Deep Dive: Which One Should You Choose? 1. ELSS: For High Returns & Shortest Lock-In ELSS is a market-linked equity mutual fund that provides the shortest lock-in period of 3 years among all tax-saving instruments. It offers potentially high returns (10-15%) over the long term but comes with market risks. 👉 Best for: Investors who can handle stock market fluctuations and want higher returns in a short lock-in period . 💡 Pro Tip: If you can tolerate some risk and are looking for wealth creation along with ...
