ELSS

Why only focus on tax savings?

It’s time to go beyond just tax savings! Investing in an ELSS Mutual Fund offers the benefit of tax deductions and helps in wealth creation over time. It comes with a lock-in period of just three years making it one of the shortest among all tax-savings investments.

Enjoy tax savings benefits on investments made up to ₹1.5 Lacs under Section 80C of the Income-tax Act, 1961 (under the old regime) along with market-linked returns (versus other 80C investments like PPF or FDs which are fixed income products).

ELSS vs. Other Tax Saving Options

	ELSS	ULIP	PPF	NSC	Sukanya Samriddhi Yojana	Tax Saving FD^
Lock-in Period	3 Years	5 Years	15 Years	5 Years	21 Years	5 Years
Max Investment for Section 80C deduction	₹1,50,000
Return % (p.a)	Market Linked	Market Linked	7.1%	7.7%	8.2%	6.5%

*As of 31-Jan-2024, ^ FD interest rate for SBI considered
ULIP: Unit Linked Insurance Plan, NSC: National Savings Certificate, PPF: Public Provident Fund, FD: Fixed Deposit
Source : SBI.co.in, nsiindia.gov.in