Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options.
Harshvardhan Roongta advises on tax-saving investments, emphasizing the importance of insurance coverage and evaluating product merit beyond tax benefits. He highlights key insurances and suggests considering ELSS for tax savings.
“What Sebi has tried to do in the circular of March 2023 is that you cannot combine a product like this and give an impression to the investor that it is a guaranteed return. Now, AMFI, in the best practices guidelines, has come out with the same thing and has standardised what illustrations to use.”
"There has to be some balance that you have to create. You cannot simply say that I want everything today and I will not worry about the future. You cannot say that I worry only about future and not live the present. There has to be a very, very good balance created for yourself and also for your children."