Best Tax Saving Investments in India (2026)

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National Pension System (NPS)

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Benefits & Features

ReturnsMarket-linked (by asset allocation)

RiskHigh

Min. Investment₹1,000/year

Apply

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National Savings Certificate (NSC)

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Benefits & Features

Returns7.7% p.a.

RiskLow

Min. Investment₹1,000

Apply

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5-Year Tax-Saver Fixed Deposit

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Benefits & Features

Returns~6.5%-7.5% p.a. (varies by bank)

RiskLow

Min. Investment₹1,000 (varies by bank)

Apply

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Public Provident Fund (PPF)

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Benefits & Features

Returns7.1% p.a. (govt-set, quarterly)

RiskLow

Min. Investment₹500/year

Apply

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ELSS (Equity Linked Savings Scheme)

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Benefits & Features

ReturnsMarket-linked (equity)

RiskHigh

Min. Investment₹500 (SIP)

Apply

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5

Motilal Oswal ELSS Tax Saver Fund Direct Growth

Motilal Oswal Mutual Fund

Benefits & Features

ReturnsMarket-linked (equity)

RiskHigh

Min. Investment₹500

Apply

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4

Parag Parikh ELSS Tax Saver Fund Direct Growth

PPFAS Mutual Fund

Benefits & Features

ReturnsMarket-linked (equity)

RiskHigh

Min. Investment₹1,000

Apply

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3

Mirae Asset ELSS Tax Saver Fund Direct Growth

Mirae Asset Mutual Fund

Benefits & Features

ReturnsMarket-linked (equity)

RiskHigh

Min. Investment₹500

Apply

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5

SBI ELSS Tax Saver Fund Direct Growth

SBI Mutual Fund

Benefits & Features

ReturnsMarket-linked (equity)

RiskHigh

Min. Investment₹500

Apply

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3

Quant ELSS Tax Saver Fund Direct Growth

Quant Mutual Fund

Benefits & Features

ReturnsMarket-linked (equity)

RiskHigh

Min. Investment₹500

Apply

Tax Saving10 available

National Pension System (NPS)

National Savings Certificate (NSC)

5-Year Tax-Saver Fixed Deposit

Public Provident Fund (PPF)

ELSS (Equity Linked Savings Scheme)

Motilal Oswal ELSS Tax Saver Fund Direct Growth

Parag Parikh ELSS Tax Saver Fund Direct Growth

Mirae Asset ELSS Tax Saver Fund Direct Growth

SBI ELSS Tax Saver Fund Direct Growth

Quant ELSS Tax Saver Fund Direct Growth