E01: Last-Minute Tax-Saving Investments: Where to Put Your Money
03 mins
Minimise your tax liability through last-minute tax-saving investments. Options include ELSS, PPF, NPS, ULIPs, NSC, tax-saving fixed deposits and so on. ELSS for potential high returns in a 3-year lock-in, PPF for stability with a 15-year commitment, and NPS for dual benefits with a longer lock-in. Additionally, ULIPs for combined insurance and investment, and Tax-saving Fixed Deposits/NSC for low-risk, fixed returns. Assess your risk tolerance, investment horizon, and liquidity needs. Always consult a financial advisor for stress-free decisions. Choose wisely to maximise savings as the financial year-end approaches.