Best Tax Saving Investments in India
rpfinanceadvisor last edited by ftForumMod
Why do you need a Tax Saving Investment? Simple answer, because they help us save taxes on our income earned. To enjoy tax deduction under section 80C or 80CCC, tax saving investments are an important part of one's life. The value of these investments is often taken into account and people want to invest.
Different investment types exist on the market, but people still reverse investment due to varied risks and the associated low returns. There is, however, a type of investment, ELSS-Equity Linked Savings, which is a good way to save tax and also helps you grow your cash. ELSS has a very low locking period of 3 years and also has a high return value.
deepika_jha last edited by ftForumMod
I was quite new to investing in early 2017. Its because I started working at that time. Before taking any decision I started reading investment blogs and guides. In my case, I mostly followed Investopedia, Elearnmarkets and The balance.
With lot of thoughts about mutual funds, recurring deposits, PPF and even stocks, I came to the final decision of investing Equity Linked savings scheme.
Here is why?
- It saves my tax
- It is having low lock-in period
Even you can try out as well.