Success in ELSS investment is primarily a function of time rather than timing, Gagrani said, advising investors to opt for a systematic investment plan (SIPs) in ELSS to mitigate the impact of market timing on long-term returns.
Over 6 in 10 respondents rely on friends, family and their bank relationship manager as key sources of information for understanding how to make tax savings, reveals ICICI Lombard’s report on Emerging Trends in health insurance
Tax Saving FD comes with a lock-in period of five years from the date of account opening. This feature dissuades individuals from making premature withdrawals, ensuring they maintain their deposits for the minimum required period to avail tax benefits. - Newsx
How to invest in tax-saving FDs: Individuals and Hindu Undivided Families (HUFs) are eligible to open tax-saving bank FDs. You have the choice to open a tax-saving FD either with a bank where you currently maintain a savings account or opt for another bank altogether.