How much can I invest in ELSS?

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• At what age should you invest in ELSS?

  You can invest in ELSS at any age. However, it is advisable to start investing more at a younger age, and gradually shift to lower risk debt instruments to reduce risk in your portfolio with passage of time.

• How much can you invest in PPF?

  You can invest minimum Rs. 500 to maximum Rs. 1,50,000 in PPF in one financial year.

• How much can you invest in REC/NHAI Bonds?

  You can invest a minimum of Rs. 10,000 and a maximum of Rs. 50 lakh. The face value is Rs. 10,000 per bond, so you can buy up to 500 bonds.

• What is ELSS?

  ELSS is a type of diversified equity mutual fund which is qualified for tax exemption under section 80C of the Income Tax Act, and offers the twin-advantage of capital appreciation and tax benefits. It comes with a lock-in period of three years.

• Who can invest in NPS?

  Any Indian citizen including Indian NRIs between the ages of 18 years and 60 years can invest in NPS. There is also a provision to open an NPS tier-1 account from the age of 60-65 years, subject to special rules and conditions.