Tax-saving season forces you to make a few choices about investments, something not everyone enjoys. There are many ways to save income tax. Which one should you choose? I have done detailed posts comparing PPF, ELSS and NPS. In this post, I will compare tax-saving fixed deposits and ELSS. Tax Saving Fixed Deposit Vs ELSS (Equity Linked Savings Scheme) Tax-saving 5 year FD … [Read more...] about Tax-Saving Fixed Deposits Vs ELSS
As the tax-savings season nears, we start running around to find the best tax-saving investment. Tax-saving mutual fund or Equity linked savings scheme (ELSS) is one of the popular tax-saving options. Almost all of us are aware that there is a lock-in of 3 years. However, there are a few aspects that many of us aren’t aware of (even I wasn’t aware of some of these points until … [Read more...] about Did you know this about ELSS schemes?
A few weeks back, a prominent person in MF industry published an article in Economic Times arguing that investors should completely PPF in favour of equity funds (ELSS to be specific). The primary argument was the PPF provides returns which may not beat inflation. Moreover, returns from equity funds have outperformed PPF over the long term. This came at a time when PPF rates … [Read more...] about Should you ditch PPF?
During the tax-saving season, ELSS vs PPF is a very common topic of discussion. Conservative investors consider PPF better while proponents of equity investments can not see anything beyond ELSS. A number of my clients and friends inexplicably ask this question during the last quarter of financial year. I find this question quite amusing and in fact wrong at some level. Apart … [Read more...] about Should you invest in ELSS or PPF for tax-saving?