Investors are getting ready for making their tax saving investments for 2020 – 2021.

While there are a plethora of investment opportunities, tax saving instruments need to be carefully chosen so that investors create wealth in the long term and don’t end up losing money. Most of these don’t carry the risk of losing capital because they involve long term investing, some of these give very little return. Hence it is advisable to choose judiciously.

We present a summary of performance of these instruments in 2020 and our view on various investment opportunities for 2021.


Instrument Returns in 2020 Finbingo Ratings
ELSS 13.2% Excellent & highly advisable
NPS 11% – 14.3% Excellent & highly advisable
ULIPS 8% – 10% Good but avoid
PPF 7.1% Good
Senior Citizen Saving Scheme 7.4% Good & advisable for senior citizens
Sukanya Samriddhi Yojana 7.6% Fairly Good & advisable for those with young daughter
Pension Plans 6% – 9% Fairly Good
National Saving Certificate 6.8% Not Good
Tax Saving FD 6-6.75% Not Good

Data Source – Economic Times

Finbingo.com has a useful Tax Planning App and can be accessed from here –


Please use it and save taxes, till the last Rupee. It is free of cost.