Don’t just think about tax gains while planning your investments

Ajay Nair (name changed) was asked by his company to submit his investment declaration by the weekend. He immediately called his distributor and got the investments done, without realising the other aspects apart from saving tax. Few years have passed and Ajay get’s a rude shock to realise that his investment value is far below his expectations. This is common to many investors. Investing in instruments just for saving tax is a short-term strategy; which could be detrimental to financial planning on the whole. Let’s look at certain tax exemptions which could also help us in our financial planning process.

Read the full article here

Comments are closed.