|Mutual Fund||Fixed Deposit||Life Insurance|
|3 Years Lock-in period||5 Years Lock-in period||5 Years Lock-in period|
|High Return as linked to Equity||Fixed Returns||Low Returns|
|Tax-free Returns from MF are tax free||Taxable Returns are taxable||Tax-free but with conditions|
|Better Liquidity as ELSS funds have shortest lock in period of 3 years||Low Liquidity||Low Liquidity as not redeemable quickly|
*Tax Benefit of 46,350* is calculated on investment of 1,50,000 at the highest tax slab rate of 30% under section 80C of Income Tax Act, 1961.