It is that time of the year again. Popularly called JFM (January/ February/March) by companies involved in the selling of financial products, the idea is to aggressively attract investors looking for last-minute tax-saving investments, as they fast approach the closure of the financial year. While many investors realize that it is far more prudent to make the investments much earlier, sadly, for a large investing population, most tax-saving investments are made only in the last quarter. This is either due to the lack of awareness on the benefits of investing early or simply the general tendency to postpone things until the last minute.
So what are the drawbacks of making tax-saving decisions during the last months of a financial year? And how should you approach investments?
Investing Round the Year
This story is from the March 2020 edition of Reader's Digest India.
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This story is from the March 2020 edition of Reader's Digest India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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