Do not let tax saving dictate the choice of financial instrument

Select an option because it is a good fit in your financial plan and will help you achieve your goals

The end of the financial year is the time when individuals scramble to complete their tax-saving investments. Often the main consideration for selecting a particular investment is the tax-saving benefit that comes with it. This can have negative consequences at a later date and is best avoided. Look at an instrument's features in totality — risk, return, tax benefits and liquidity — before deciding to invest in it.
 
Investing in insurance to meet 80C requirement: One of the most common ways through which individuals meet their Section 80C limit, where the deduction is Rs 150,000, is through payment of