|Equity Linked Savings Scheme (ELSS)||Public Provident Fund (PPF)||National Savings Certificate VII Issue (NSC)||Bank Tax Savings Fixed Deposits|
|10.55% p.a.^||8% p.a.||8% p.a.||6.85% p.a.|
Investment U/S 80C
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*Tax saving of Rs. 46,800 on investments is calculated assuming that qualifying amount of deduction is Rs. 1.50 Lakh and the Individual/HUF falls in the top income slab of 30% under Section 80C of the Income-tax Act, 1961 (Includes the applicable cess). Further surcharge at 15% is applicable where income of Individual, HUF, AOP, BOI, Artificial juridical person being unit holders will be taken into account which is applicable if the income of the investor exceeds Rs. 1 Crore. As per Finance Act, 2018, surcharge at 10% is to be levied in case of Individual, HUF, AOP, BOI, Artificial juridical person being unit holders where income of such unit holders exceeds Rs 50 lakhs but does not exceed Rs. 1 crore.
Further, Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units.
Investors are advised to consult their tax advisor in view of individual nature of tax benefit. Investors are requested to note that tax laws may change from time to time and there can be no guarantee that the current tax position may continue in the future. Note: The comparison of ELSS Vs other traditional savings instruments has been given for the purpose of the general information only. Investment in ELSS carry higher risk, does not guarantee returns and any investment decision needs to be taken only after consulting the Tax Consultant or Financial Advisor. Aditya Birla Sun Life Mutual Fund / Aditya Birla Sun Life AMC Limited will not accept any liability/ responsibility/loss incurred on any investment decision taken on the basis of this information.
# Past performance may or may not be sustained in future
For PPF: Interest rate of 8% p.a. w.e.f. 01.10.2018. Partial withdrawals are allowed from the 7th financial year, from the year of opening account, however the full amount can be withdrawn after 15 years. Source: https://www.indiapost.gov.in/Financial/Pages/Content/Post-Office-Saving-Schemes.aspx.
For NSC: NSC VIII Issue (5 years): Interest rate of 8% per annum w.e.f. 01.10.2018 Source: https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx.
For Bank FD's: 6.85% per annum (Deposits below Rupees One Crore), from 5 years up to 10 years w.e.f. from 30.07.2018 Source:https://www.sbi.co.in/portal/web/interest-rates/domestic-term-deposits
Mutual Fund investments are subject to market risks, read all scheme related documents carefully