Every year many of my friends ask me about investment and IT returns when they get a mail from our payroll regarding what is there investment planning for the year or when they get Form 16A at the start of the financial year. To all these friends I am dedicating my next few blogs to let them know all I know about investment and IT Returns.
The main thing which I have noted is that many people blindly invest in some policy / National Saving Certificate (NSC) / Public Provident Fund (PPF) / Mutual Fund without any study or flow some ones investment plan. This is the major flaw in there money planning. Here are few of the pointers which every one should answer before searching for the right investment plan.
- What is the need of the investment, Tax saving or Retirement or house/car buying etc.
- What is time duration?
- How much is needed?
- How much they can spare?
The above points give ample pointers as to what, when and how the money is required.
In my future blogs I will through light on all the points I have mentioned above and more. So keep watching this space for more.
