High taxpayers can choose Nippon India Nivesh Lakshaya for their VPF allocation indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Updated Mar 17, 2021 | 09:58 IST
ELSS or tax saving mutual funds which provide the dual benefit of tax saving and wealth accumulation and come with a modest lock-in period of 3 years. Here are top plans by performance Top performing ELSS mutual funds ( by returns) to help you save tax this year | Photo Credit: BCCL
The last date to make investments in order to save tax for the financial year 2020-21 is March 31, 2021. There are myriad tax-saving instruments for same but investors should not limit their choices to the safety of Public Provident Fund (PPF) and National Pension Scheme (NPS) as there are other avenues such as ELSS schemes which also give the additional benefit of wealth accumulation.
On the other hand, in ELSS, the risk is relatively high because it mainly invests in equity and equity-related products. However, risk can be managed by proper selection of funds, staying invested for a longer.
निवेश का बेहतर विकल्प: Best Investment Instrument is VPF: सबसे बढ़िया निवेश का साधन वीपीएफ indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.