Godrej Sachinwalla, 63, a Thane-based retired professional is watching the equity markets with concern these days. He used to be a stock broker, on the side, at the BSE Ltd in the 1980s and 1990s; and has seen many rising and falling markets. He prefers to directly buy and sell shares, but invests in tax-saving mutual funds once a year for his tax-planning. This year, he hasn’t yet. “I feel one big correction will happen in the markets before 31 March. I will invest then,” he said, sipping tea and adding that he regrets his “one missed chance” to invest in a tax-savings fund around June-July 2017.
In Bangaluru, Manoj M.J., a 23-year-old software professional, will invest in a tax-saving fund shortly, unfazed by where the equity markets are. “I am not bothered about market levels…I am in it for the long term. It’s more like a provident fund replacement for me...so doesn’t bother me that much,” he said. This won’t be his first time in tax-saving funds. His last year’s investment has retuned 35% so far.
