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Here is a snapshot of various popular tax saving investment schemes

Choose Section 80C investments based on risk appetite; be mindful of lock-in too

investment,saving, money, retirement, rupee
Bindisha Sarang
1 min read Last Updated : Jan 26 2020 | 9:18 PM IST
  • Your choice of Section 80C investments, for enjoying deduction of up to Rs 1.5 lakh, should be in line with your financial goals.
  • A large chunk of the Section 80C limit will get filled by your monthly contributions to Employees' Provident Fund (EPF).
  • PPF is a wise choice for investors looking for capital protection and tax-free return. But it comes with a 15-year lock-in.  
  • ELSS works for those looking for higher returns, but willing to tolerate the volatility of equities.  
  • NPS is low cost and good for investors with a moderate risk profile.

 

Topics :tax saving schemes