|Equity Linked Savings Scheme (ELSS)||Public Provident Fund (PPF)||National Savings Certificate VII Issue (NSC)||Bank Tax Savings Fixed Deposits|
|18.28% p.a.^||8.7% p.a.||8.5% p.a./8.8% p.a.||8.5% p.a./8.8% p.a.|
|Tax - Free||Tax - Free||Taxable||Taxable|
|Rs. 1,50,000||Rs. 1,50,000||Rs. 1,50,000||Rs. 1,50,000|
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*Tax saving of Rs. 53,303 is calculated assuming qualifying amount of deduction is Rs. 1.50 Lakh and the investor falls in the top income slab of 30% and includes the applicable cess. 12% surcharge is also taken into account which is applicable if the income of the investor is over Rs. 1 Crore.
Investors are advised to consult their tax advisor in view of individual nature of tax benefits. Investors are requested to note that fiscal 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. Birla Sun Life Mutual Fund / Birla Sun Life Asset Management Company 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. Partial PFF withdrawals are allowed from 6th Financial Year. Indiapost.
For PPF: Interest rate of 8.75% p.a. w.e.f 01.04.2015. Partial withdrawals are allowed from the 6th financial year, however the full amount can be withdrawn after 15 years. Source: www.indiapost.gov.in. For NSC: NSC VIII Issue (5 years) _ Interest rate of 8.6% per annum w.e.f. 01.04.2015 Source: www.indiapost.gov.in. For Bank FD's: 8.50% per annum, from 5 years up to 10 years from 07.09.2015.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully