Investment experts typically ask individuals to invest in Equity Linked Savings Scheme (ELSS) to save taxes under Section 80C . However, many individual still prefer investing in government-backed Public Provident Fund (PPF) as it offers safety with predictable returns. Of course, equity also helps to create wealth over a long period.PPF, on the other, is part of government-backed small saving scheme that has served generations. An individual with zero risk can open a PPF account with a bank and invest periodically to build a corpus for long-term financial needs. "Abhishek Agarwal asks individuals to split their investments into both PPF and tax saving mutual fund schemes.

Source: Economic Times November 03, 2016 06:15 UTC