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News From Press Should retirees invest in ELSS to save taxes?

Should retirees invest in ELSS to save taxes?

Source: The Economic Times Mar 10, 2017

It is a question often asked by retired folks: since stocks are risky, should retired individuals invest in Equity Linked Savings Schemes (ELSSs) or tax saving mutual fund schemes to save taxes? Investments in ELSSs qualify for tax deductions of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. "There is no clear yes or no answer to this question," says Neeraj chauhan, CEO, The Financial Mall.

Most investment experts used to ask investors to start moving their portfolio  ..

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1 Comment
Prashant · 1 year ago
I don't understand why we trouble trust studies done abroad? People everywhere are different and their mindsets as well. These studies ate shown just to sell your own products. Please conduct a study in our country and then write an article.

Also if abroad studies are to be taken, then take everything like in no country online life insurance policies are sold since " I insurance is a subject matter of solicitation please ask an expert". Than we should also ban online insurance policies.
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