Which one gives better returns? Let's compare the key differences for your wallet and financial future.
ELSS: Equity mutual funds, 3-year lock-in, 80C tax benefit. NPS: Govt-backed retirement scheme, diverse assets, locked till 60, 80C + extra ₹50k (80CCD(1B)).
ELSS (pure equity) offers higher growth potential but more market risk. NPS (balanced) provides steady, diversified growth, but its equity exposure is capped.
ELSS has a short 3-year lock-in, offering flexibility afterwards. NPS funds are locked till age 60, with very limited partial withdrawals. It's a long-term commitment.
ELSS gains are subject to 10% LTCG (over ₹1L). NPS offers 60% tax-free lump sum at 60, but the remaining 40% for annuity income is fully taxable.
Don't ignore NPS annuity tax. ELSS isn't just a 3-year investment. Choose based on goals, risk, & liquidity, not solely initial tax benefits. Diversify!
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