1. Life Insurance – Adequate life cover. Buy a term plan with adequate cover (10 times or 20 times of annual income). Insurance is not an investment product as the cost of traditional endowment plans and money-back plans is high and returns are lower than fixed deposit interest. ULIPs have higher cost than equity mutual […]
How to invest tax-efficiently Create a strategy to help manage, defer, and reduce taxes Tax Smart Investment strategies you should consider While tax rules and rates may change over time, the value of keeping taxes in mind when making investment decisions does not. The reason? Taxes can reduce your investment returns from year-to-year, potentially jeopardizing […]
