The financial year has already started with many investors beginning to select investments, particularly to save on taxes.
Anup Bansal, Chief Investment Officer, Scripbox, points out, “Typically, investors are eligible to claim tax deductions under section 80C for up to Rs 1.5 lakh each financial year. The tax-saving investment options also include ELSS or Equity Linked Savings Schemes. Given the market fluctuations in recent times, it has created a question of whether or not to invest in ELSS as the new financial year begins.”
