I'm planning to invest Rs. 40,000 in ELSS funds to get tax benefits under section 80C. Is this a good option or should I consider other ways?
- Jaya Krishna K
ELSS funds are the best way to save taxes if you can assume some risk. However, if you're completely risk-averse, then stay away from ELSS funds. In that case, you should consider investing in tax-saving bank deposits or the NSC to save taxes.