|Equity Linked Savings Scheme (ELSS)||Public Provident Fund (PPF)||National Savings Certificate VII Issue (NSC)||Bank Tax Savings Fixed Deposits|
|10.09% p.a.^||8% p.a.||8% p.a.||6.85% p.a.|
Investment U/S 80C
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* Disclaimer: Tax saving of Rs.53,820 is calculated assuming that the qualifying amount of deduction is Rs. 1.5 lakhs and investor falls into highest tax slab (i.e. 30% plus applicable surcharge and health and education cess). Please note that savings mentioned above are based on general provisions of the Income tax act, 1961 and investors are advised to consult their tax advisors to determine tax benefits applicable to them. Amount mentioned above may undergo a change if assumptions specified herein do not hold good.
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withdrawals are allowed from the 7th financial year, from the year of opening account, however the full amount can be withdrawn after 15 years.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