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 ..
