Save Tax with just 3 years locking and market linked returns with ELSS. Compare how ELSS mutual fund is beneficial over other asset class
|
Particular |
ELSS |
PPF |
Insurance |
|
Suitable for |
Aggressive Investor |
Conservative Investors |
Conservative Investors |
|
Who can invest |
Individual & Huf |
Individual |
Individual |
|
Lock-in period |
3 years |
15 Years |
5 Years |
|
Minimum Investment |
Rs. 5000 Lumpsum |
Rs.500 |
|
|
Maximum Investment |
No Upper Cap |
1,50,000 |
No Upper Cap |
|
Rate of Return |
Market Linked |
Assured |
ULIP: Market Linked |
|
Liquidity |
No |
Partial |
No |
|
Tax-Implications |
10% above 1 lakhs. |
Tax Free |
Tax Free |
|
Obligation |
No |
Minimum Rs 500 per year |
Mandatory to pay premium |
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