The answer is not a numeric value. It, rather, depends on your investment goals and time horizon.
Lisa Pallavi BarboraLisa Pallavi Barbora has worked in the domain of personal finance for 15 years and now operates her own venture. She also writes on personal finance.
Whether you invest in a tax-saving fixed deposit or an equity-linked savings scheme, your maximum allowable tax deduction through these investments remains the same at a maximum of Rs 1,50,000 under section 80 C of the IT Act. Then why not pick the investment which will help you maximise long term wealth too?