ELSS vs PPF: A Comparison In The Context of Tax Saving

When it comes to tax-saving investments like bank FDs, National Savings Certificate (NSC), National Pension System (NPS) and so on, both the Equity Linked Savings Scheme (ELSS) and the Public Provident Fund (PPF) can also be considered as a smart bet by the tax-savers. But between the two there is still some uncertainty among investors while deciding which one to opt. Although PPF has long been a familiar investment strategy, due to higher returns, ELSS is cottoning up in the modern age. Furthermore, investors should be aware that the two strategies are not identical in terms of tax advantages. Since the asset class treatment of PPF and ELSS differs significantly, we've compared their characteristics here to help investors make an enlightened decision.

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