Last-Minute Tax-Saving Investments: Where to Put Your Money

Explore ELSS for potential high returns and short lock-in period under Section 80C but be cautious of associated market risks 

PPF offers stability with a fixed interest rate and tax benefits, ideal for risk-averse investors, despite its longer 15-year lock-in period 

Consider NPS for dual benefits of a retirement corpus and tax savings but evaluate the longer lock-in period and mandatory annuity purchase 

ULIPs provide a two-in-one solution with tax benefits and tax-free returns but be wary of high charges and returns tied to market performance 

Tax-saving Fixed Deposits and NSC are low-risk alternatives with a five-year lock-in, but the interest earned is taxable, and premature withdrawals may incur penalties 

As the financial year-end approaches, choose a tax-saving investment wisely based on your financial goals, risk appetite, investment horizon, and liquidity needs 

Consult a financial advisor before making any investment decisions to ensure a stress-free tax season and maximise savings in April