Investments: Why you must be looking beyond tax planning

Investments: Why you must be looking beyond tax planning

Financial plan should be the driving factor behind your investments and not the tax planning. What exactly drives your investment plan and your investment process? You can reasonably assume that in majority of the cases the investment process is essentially driven by the need to save tax. So you buy insurance to save tax under Section 80C as also you buy PPF to save taxes up to your prescribed limit. Your mutual fund investments are largely driven by the need to save taxes by investing in ELSS. Even your decision…

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