There are various options to save tax under section 80C of theAct. But, one of them is better than the others. Scripbox suggests tax saving under 80C.
They are open-ended equity mutual funds that are eligible forunder Section 80C of the Indian Act. They have the dual advantage of growing your wealth in addition to saving tax.
provide the best combination of
- Potential for long-term inflation-beating returns (14-16%)
- Lowest lock-in period (only 3 years) among all tax saving under 80C investments and
Like all long-term in ., the returns on are not guaranteed but this is the historical average for
At Scripbox, using our scientific algorithm, we carefully selectwith the best long-term prospects for you.
How will my money grow by investing in ELSS tax saving funds?
Carefulfund selection can help you grow your wealth quickly compared to other 80C options.
potentially give you inflation-beating returns (14-16% historical long-term average), which help you grow your wealth in addition to saving tax.
Scripbox tax savingVersus traditional tax saving
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You may also like to read PPF vs ELSS, which is a better tax saving option.
You must check out the best ELSS funds to invest in India
Check out ELSS mutual fund vs PPF