ELSS vs PPF vs Tax Saving FD: Which is Better?
Every financial year, taxpayers across India begin looking for legitimate ways to reduce their tax burden while building long-term financial security. Among the most popular options under Section 80C of the Income Tax Act are Equity Linked Savings Schemes (ELSS), Public Provident Fund (PPF), and Tax Saving Fixed Deposits (Tax Saving FDs). Although all three offer tax benefits, they differ significantly in terms of returns, risk, lock-in period, and suitability. Understanding these differences can help you choose the option that best matches your financial priorities. What is ELSS? An Equity Linked Savings Scheme (ELSS) is a mutual fund that invests…