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Tax Saving Mutual Funds (ELSS) vs. PPF
We studied the actual returns given by ELSS and PPF from 1999 to 2018
Rs. 1.5 lakh lump-sum was invested on April 01 every year in both the instruments. Actual data was used to study the returns generated by PPF over the past 20 years. For ELSS, we took the category average returns.
ELSS
Source: Value Research
PPF
Source: Value Research
Conclusion
The study revealed that Rs 30 lakh invested over a period of 20 years, in ELSS grew to a whopping Rs 2.28 crore! While PPF gave a very low return growing the corpus to only Rs 77.82 lakh.
But as can be seen, investments in ELSS (Tax saving mutual funds) go through a bumpy ride, while PPF is a smooth ride. Hence, we recommend you to stay invested for at least 5 years to get the maximum benefit.
Comparison between ELSS & other Tax-Saving Investments
As can be seen, ELSS gives higher returns (post-tax) and has the lowest lock-in period.
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