Mutual Funds: As we inch closer to the end of the financial year, many investors might be considering investing in equity-linked savings schemes i.e. ELSS mutual funds. The reason why they invest in ELSS mutual funds shouldn't come as a surprise for two reasons. One, they offer inflation-beating returns and two, among all the tax-saving investment options available, they have the shortest lock-in period - three years. For instance - the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) have a lock-in period of 15 long years. Even tax-saving fixed deposits come with a lock-in of 5 years.
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