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Investment u/s 80(c) in combination of elss, ppf, fd

This query is : Resolved 
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(Querist)
23 March 2019 SIR/MADAM,

An individual wants to invest Rs. 1,50,000 u/s 80 (C), for availing tax exemption.
But, he does not want to invest the whole amount in one place.

So, Can he invest as follows ?
- RS. 50,000 in any one ELSS scheme of any mutual fund,
- Rs. 50,000 in any other ELSS scheme of any other Mutual Fund,
- And Rs. 50,000 in PPF account in any bank ?


OR,
Can he distribute Rs. 1,50,000 in three parts like –

- Rs.50,000 in ELSS , Rs. 50,000 in PPF and Rs. 50,000 in 5 Years’ bank F.D,
for availing sec. 80(C) exemption ?

I mean,
is there any restriction or not, that one can invest whole amt. in any one type of tax-saving instrument from above ?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
23 March 2019 No, there are no restrictions whatsoever in investing lumpsum or distributed investments
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
24 March 2019 No restrictions, maximum you can claim Rs.150000/- under 80c
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