Investors need to get a head start on their tax-saving needs from the beginning of the financial year and avoid deferring till the last minute.
Access to Required Funds: Getting the required funds (Rs. 1.5 Lakhs) to make the most of the tax exemption can prove to be a burden.
No Time to Grow Your Investment: There is not sufficient time to grow one’s investment and benefit from the power of compounding if you defer your investment till the last minute.
No Time for Analysis: There is no time to analyze all tax-saving options available effectively.
No Time to Assess Portfolio: There is no time to define the relevance of the tax-saving option to one’s financial goals or investment portfolio.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.