ELSS vs PPF - Which Saves More Tax ? | ज़्यादा Tax Savings किसमे ?
ELSS vs PPF - Which Saves More Tax ? | ज़्यादा Tax Savings किसमे ? ELSS (Equity Linked Savings Scheme) and public provident fund PPF, both help you save taxes, but apart from that, they differ on many parameters. ELSS investment relies on equity and has higher volatility compared to PPF which is a debt instrument with negligible volatility. With both ELSS and PPF, you can get a maximum deduction of INR 1.5 Lakh under Section 80C of the Income Tax Act, 1961. Many people ask about PPF vs ELSS for making tax-saving investment decisions. So, let’s understand and compare ELSS mutual funds and PPF for their suitability. PPF vs ELSS What are ELSS funds? ELSS is the tax saving mutual fund which serves both the purpose of saving taxes and help you create long term wealth. ELSS funds generate returns by primarily investing in equity and equity-related instruments. This makes it a suitable investment option for a person with long term goals. You get a com...
