|Product||Return % Per Annum||Tax Free Return||Lock-in Period in Years|
|ELSS ( Equity Linked Savings Scheme)||12-15%||Yes||3 Years|
|ULIP ( Unit Linked Insurance Plan)||10-12%||Yes||5 Years|
|Tax Savings Fixed deposit||7%||Taxable||5 Years|
|NSC National Savings Certificates||8%||Taxable||5 Years|
|PPF Public Provident Fund||7.75%||Yes||15 Years|
|Fund Name||Past Performance ( %)||Investment Made On 1st Jan 2015||Value As On 31 Dec 2017|
|1 Year||3 Year||5 Year|
|Aditya Birla Sun Life Tax Relief 96 (G)||19.64||18.14||21.49||₹ 150,000||₹242,336|
|Axis Long Term Equity (G)||16.53||14.96||22.34||₹ 150,000||₹217,378|
|DSP Blackrock Tax Saver (G)||16.57||16.57||20.84||₹ 150,000||₹236,799|
|Reliance Tax Saver Fund (G)||20.31||13.54||21.41||₹ 150,000||₹219,055|
Investment made up to ₹1.5lacs in Tax-saving ELSS Mutual funds is eligible for tax deductions under Section 80 C.
Investment made in ELSS is locked for 3 years from the date of investment.
ELSS Mutual Fund schemes invest in individual equity stocks of companies in equity market.
You can invest in ELSS in Lump sum or as SIP, the lock in starts from the date of investment.
When you invest in ELSS mutual funds, the amount you've invested gets reduced from your taxable income. So if you invest Rs.1,50,000, and if you are on the highest slab, your taxes payable go down by Rs.46,350.
The last day for making an ELSS investment is 31st March 2018 to avail tax exemption for financial year 2017-18, and produce the proofs of investment.