Online mutual fund distributor ET Money has introduced a new facility ‘Tax Saving Solution’ to enable investors to invest in multiple tax savings products like ELSS, NPS, health insurance and term insurance under one roof.
The app will suggest ideal asset allocation across various tax savings options. For instance, if an investor has already exhausted the Rs.1.5 lakh tax saving limit under section 80C, it will recommend investing in NPS to secure retirement or protect family by buying a health insurance policy.
In a press release, Mukesh P Kalra, Founder & CEO, Et Money said, “Every year Indians end up grossly under-utilizing the tax saving benefits. Our tax solution reimagines tax saving journey for today’s digital India and combines everything from ELSS to NPS to Insurance into one seamless experience on their mobile phone.”
