How does Scripbox Tax Saver (ELSS funds) compare with other 80c Tax Saving instruments?
Scripbox Tax Saver has the lowest lock-in-period, highest historic growth rate & you can start with the investment amount with as low as Rs 500.
|Investment||Lock-In Period||Historical Growth Rate||Is Return Taxable?|
|Scripbox Tax Saver||3 Years||12-14%*||Taxable (only on returns > 1 lakh @10%)|
|Life insurance||5 Years||0-6%*||No tax|
|PPF||15 Years||7.5-8%*||No tax|
|5 Years Bank FD||5 Years||6.5-7%*||Taxable|
To know more please read through: Why Tax Saving Mutual Funds Are The Best Way To Save Tax