For long term perspective out of NSC and ELSS (Axis Long Term Equity), which is a better option for tax saving?
Sandy-There is no comparison between NSC and ELSS. Because one is pure debt product with lock-in of 5 years or 10 years. However, the other equity asset and with lock-in of 3 years. It is wrong to compare the both. You must chose based on your requirement.
My time horizone is 5 years then instead of NSC can I go for axis longterm equity fund.
Sandy-Do remember that it is equity investment. Hence, think of long term investment and don’t invest all money in ELSS. Instead keep some portion into NSC to manage between equity and debt.