WebJan 3, 2024 · An ELSS vs PPF comparison can help you understand the better investment plan for you: Tax Benefits. Investment Period. With PPF, you need to stay invested for 15 years. You can make partial withdrawals only after seven years of investment. Conversely, ELSS has the shortest lock-in period among 80C instruments, i.e., three years. WebFeb 10, 2024 · 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 …
PPF vs ELSS: Which is a better tax saving instrument
WebApr 12, 2024 · However, there are also some downsides to the new tax regime, which cannot be overlooked. For instance, this is not suited to persons with higher amount of exemptions available to them. They are better off in the old tax regime. One more argument is that the old tax regime incentivized persons to mandatorily save through ELSS or PPF … Web9 hours ago · PPF is a government-backed scheme as a result it is an extremely low-risk investment. It is a better investment choice for individuals with a low-risk appetite. ELSS mutual funds, on the other hand, invest in stocks and other equity securities which constitute 80% of their corpus. pho downtown dallas
Is ELSS mutual fund better than PPF? Find out
WebSep 16, 2024 · Tax-saving fixed deposits have a five-year lock-in, while the PPF has a 15-year maturity. All in all, ELSS offers more liquidity as compared to traditional tax-saving instruments. Higher returns. Investing in ELSS funds can offer significantly higher returns in the long run than most other tax-saving investment options. ELSS funds serve a dual ... WebAug 12, 2024 · Here’s a comparison of ELSS with other tax-saving instruments: Growth of ₹1.5 Lakhs invested each year for last 10 years (₹10 Lakhs in total) in various tax-saving … Web9 hours ago · Find out. Team MintGenie. Updated: 14 Apr 2024, 11:38 AM IST. TL;DR. ELSS mutual funds offer potentially higher returns with greater volatility, whereas PPF provides guaranteed returns with low risk. rocket-6721486_1280_1642578807118. First Published: 14 Apr 2024, 11:38 AM IST. tsx image