One ends us investing in tried and tested products due to investment biases
It’s the year-end and it is also the tax-planning season. My sessions obviously have a lot of queries relating to Section 80C for tax saving. And despite all the noise about adoption of mutual funds, I find that 60-70% of the participants still prefer investing in investment-linked insurance over equity-linked savings schemes (ELSS) or even Public Provident Fund (PPF) simply because they believe that these policies give the highest returns with little or no risk. Moreover, they are willing to lock in money in an endowment or unit-linked insurance plan (Ulip) but not in PPF.
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