Equity Linked Saving Schemes | |
Investments | Equities |
Lock-in Period | 3 years |
Type | Open-ended and Close-ended |
Options | Growth and Dividend |
Tax deduction U/S 80C | Rs 1,50,000 |
Taxation | No Long-term Capital Gain Tax if the investment period is more than 1 Year. |
Public Provident Fund | |
Tenure | 15 years |
Minimum investment | Rs 500 |
Max Investment | Rs 1,50,000 |
Risk | Low |
Current Interest Rate | ~7.8% p.a. |
Premature Withdrawals | One withdrawal is allowed every year from 7th year |
Compounding of interest | Yearly |
Tax on returns | Tax-free (EEE status) |
Tax Saving u/s 80 C on Investment | Max Rs 1,50,000 under section 80C. |