Confused about ELSS and NPS for tax saving? Let's break down which one truly fits your financial goals & helps you build wealth.
Equity-Linked Savings Scheme (ELSS) is a mutual fund. Invest in stocks, aim for high returns, and enjoy Section 80C tax benefits. Your money locks for just 3 years!
National Pension System (NPS) is a govt-backed retirement scheme. Locks till 60, offers 80C + extra ₹50k (80CCD(1B)) tax deduction. Employer contributions also save tax!
ELSS (pure equity) targets higher returns for mid-term goals after 3 years. NPS blends equity/debt for stable long-term retirement, but has restricted access till age 60.
ELSS offers flexibility with a 3-year lock-in, suitable for various life goals. NPS mandates long-term commitment until age 60, perfect if retirement is your sole focus.
Don't just chase deductions. Align your choice with your goals: short-term growth (ELSS) or long-term retirement (NPS). Often, a blend of both is the smartest strategy for you.
Ready to map out your financial journey? Use our Goal SIP & SIP calculators at sipplancalculator.in to visualize your savings & growth potential!