ELSS is a mutual fund category that offers one of the shortest lock-in periods under tax-saving instruments (3 years). It combines the benefits of market-linked growth with Section 80C tax deduction benefits, making it highly attractive for investors seeking long-term wealth creation.
A traditional and secure option, tax-saving fixed deposits are ideal for risk-averse investors. They provide guaranteed returns along with tax-saving benefits under Section 80C of the Income Tax Act.
ULIPs offer the dual benefit of insurance protection and investment growth. A part of the premium goes toward life cover, while the rest is invested in equity, debt, or balanced funds as per your preference.
Tax-free bonds are issued by government-backed entities and are a preferred choice for investors looking for predictable, tax-free income. These instruments usually have a long tenure and are suitable for individuals seeking safe, fixed-income opportunities.