It’s that time of the year when all are looking for tax-saving investments under Section 80C, Section 80D, etc. Industry experts suggest it is very important to choose and invest in an option which is well-thought and planned so that you could also attain your investment goals along with tax savings.
Various factors such as maturity period, the rate of return and lock-in period are involved that help in deciding which tax saving option is better. Rakesh Goyal, Director, Probus Insurance Broker, says, “Today the first-time investors or the fixed deposit-oriented investors are gradually shifting towards mutual funds and insurance policies. During the changing investment pattern, investors can also look at market-linked instruments like ULIPs.” These plans invest in the stock market and have a mix of equity, balanced and growth schemes.
