It's almost the fag end of the financial year; it is yet again the same time when you go scurrying for your tax saving investments. Often, last minute decisions tend to be regretted later on. The possibility of ending up with unsuitable products that do not yield good returns is high when you make hasty investments.

At the eleventh hour, many investors overlook their financial needs. It is important that investments need to be in sync with both long-term and short-term financial commitments. For instance, if you want to build a retirement corpus, you should look for options available in pension plans or the National Pension Scheme or if your portfolio lacks equity exposure, equity-linked saving schemes (ELSS) products should be taken note of. Also for long-term financial needs you might want to consider a Public Provident Fund (PPF).

At the last minute the easiest thing the one would usually do is dump the amount in your bank FD/ NSC or any other easily accessible avenue, which will essentially provide the proofs for submission at the earliest. If that has been your idea of tax planning, then you need to avoid some of the common traps that one would fall into. If you have questions on which are the best options available for you to save tax then do join us for a chat with our financial expert Anil Rego, CEO and founder, Right Horizons, on Friday, March 2, between 4 pm and 5 pm.

About Anil Rego

Anil Rego is the Founder & CEO of Right Horizons, an end-to-end investment advisory and wealth management firm with multi-metro presence.

(Due to circumstances beyond our control, date and time of chat may change)