Changing rules of the game is the only constant in financial markets.
The race to save income tax intensifies towards the end of the financial year. If you have not completed your tax-planning investments as yet plan today.
The traditional options such as life insurance, employee provident fund, and public provident fund offer tax free returns. Tax saving funds also offer tax free returns as long as your capital gains booked are less than Rs 1 lakh in a financial year.
As we move closer to April 1, we have to prepare ourselves for many changes. Though the Aadhaar linking deadline is postponed by the Supreme Court, the motor insurance premium will go up in new financial year.
Changing rules of the game is the only constant in financial markets. Mutual funds are also going through a lot of changes at the moment. Thanks to a SEBI directive on the categorisation and rationalisation of mutual fund schemes, mutual funds are changing the names of their schemes.
But there is no need to worry if you know your investments well. Investors should study changes undertaken by mutual funds. “If the scheme’s investment strategy and portfolio construction changes, then there is a very high possibility of changes in risks and returns associated with investing in that scheme,” said Renu Pothen, head of research, FundSuperMart.com.
Children’s education remains one of the larger goals for most Indians. Many end up buying traditional life insurance policies or some such scheme that promises to pay for the child’s education. However, not many are aware of how much it takes for the goal.
