ELSS:- Equity Linked Saving Schemes
What an ELSS does require is for you to take a higher risk than traditional options. In return for this, you are certainly rewarded well. Take a look at the graph below. It shows you where a yearly investment of Rs. 1 lakh in the PPF over the past 15 years would place you now, against a similar investment in Franklin India Taxshield, a moderate risk ELSS. We have considered 15 years as that is the minimum period for a PPF investment.