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5 reasons to select ELSS over other traditional tax saving investment options

Equity Linked Savings Scheme (ELSS) Benefits

It helps save tax by investing upto 1.5 lac per annum and create wealth through equities

Returns on ELSS, i.e. dividend & capital gains are tax free

3 years lock-in is smaller as compared to other tax saving options

Can start as low as 500
with an SIP option

Enables long term wealth creation
through compounding

Recommended Funds

Fund Name3 Years(%)5 Years(%)7 Years(%)10 Years(%)
Axis Long Term Equity Fund 21.42217.5--
DSP BlackRock Tax Saver Fund22.521.613.514.1
IDFC Tax Advantage ELSS Fund 17.419.313--
Invesco India Tax Plan20.819.413.714
Reliance Tax Saver ELSS Fund 26.422.515.212.7
Benchmark :
Nifty 5010.311.77.17.6
S&P BSE 20013.113.27.48.0

Comparsion - Various Instruments of Tax Saving

Investment OptionLock-in PeriodTax BenefitsEquity LinkedAnnual Return Risk3 Yr Return
ELSS Fund 3 Yrs100% (80C)YesMarket - LinkedMedium to High20%
PPF15 Yrs100% (80C)No8.0%Low8.5%
RGESS1-2 Yrs50% (80CCG) YesMarket - LinkedMedium to High9.5%
NSC5 Yrs100% (80C)No8.0%Low8.7%
NPSWithdrawal at the age of 60 Yrs or 10 yrs after subscription whichever is earlier100% (80CCD(1B)Max 50% contributionMarket - LinkedScheme E - Medium Scheme C- Low Scheme G-LowScheme E – 10.5% Scheme C- 12% Scheme G-15%