Best Tax Saving Investments u/s 80C

Tax Saving Investments are an import part of tax planning as they offer tax deduction under section 80C or 80CCC. The importance of these investments is so much and people frequently looking and investing in these. However, they hesitate to invest due to low returns and blockage of funds for 3 years or more. Below I have mentioned Best Tax Saving Investments u/s 80C to invest your funds and save on tax.

Best Tax-Saving Investments Under Section 80C

Although there are various tax-saving investment plans available in the market. People often get confused which plan best suits them. In order to make you choose the best investment plan for you depending on your risk appetite and preferences, we’ve come up with some of the best tax-saving investments u/s 80C of the Income Tax Act, 1961.

InvestmentReturnsLock-in Period
ELSS Fund15%-18%3  years
National Pension Scheme (NPS)12%-14%Till Retirement
Unit Linked Insurance Plan (ULIP)Returns vary from plan to plan5 years
Public Provident Fund (PPF)7%-8%15 years
Sukanya Samriddhi Yojana8.5%N/A
National Savings Certificate7%-8%5 years
Senior Citizen Saving Scheme8.7%5 years
Bank FDs6%-7%5 years
InsuranceReturns vary from plan to plan3 years

Ulip Past Performance

Select CompanySelect Ulip Plan

Fund NameType of Fund3 Years5 Years7 Years
Debt FundModerate1389.336.55
Secure FundLow Risk383.273.65
Blue Chip Equity FundHigh Risk16317.715.63
Stable FundModerate2313.811.97
Accelerator FundHigh Risk18719.7917.07
Opportunity FundHigh Risk15425.26N.A.

There may be some more investment options of 80C investments but above mentioned are the best and universally accepted options for saving Tax on your income.

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