Opinion | Things to keep in mind before buying these 4 popular products to save tax
Look at your goal, risk profile and horizon before making tax-saving investments
When Yamini started her career in June 2019, she also wanted to begin her long-term investing journey. While she was clear about her goals, we wanted to instil the habit of savings in her and suggested a combination of equity-linked savings scheme and Public Provident Fund to balance out risk and safety in the long term. Similarly, when investing to lower your tax liability, you should understand the need, objective, time horizon and risk profile before investing. Here are some popular investments and the things you should keep in mind before investing in them to save taxes.
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