INVESTORS COULD INVEST THROUGH THE YEAR USING SIP IN ELSS FROM GOOD FUND HOUSES TO AVOID THE RUSH TO SAVE TAXES JUST BEFORE THE FISCAL YEAR ENDS

The new financial year has just started and most of the salaried people are now required to give an undertaking about how, how much and where they would like to invest during the year to save some taxes. It's better than one does not stop at just proposing where and when they want to invest, but should actually execute the plan. That way one can avoid the last minute rush in March 2018 to invest large amounts which may have various unintended consequences. Most of the experienced financial planner and advisors say that equity linked savings schemes (ELSS) by good fund houses should be the preferred tax saving instrument for most. And it's better if one takes the SIP route in these funds to either fully or partially exhaust the section 80C benefits under the Income Tax Act.