Anurag Bhullar
So the time has come when people start weighing different tax saving options to minimize their tax liability. But they are still reluctant of equity-linked and other mutual funds related tax saving schemes.
There are many reasons that can be held responsible for this current mood of investors. The latest Satyam scam has heavily impacted the confidence of the investors. Secondly, the investors are still unable to recover from the global financial turmoil that has severely shaken up the economies around the world. And lastly, the performance of these tax saving schemes is also not up to the mark.
According to a financial advisor, the current mind status of investors is psychological in nature, as the market is not performing well they have decided to stay away from it. Investors are clearly missing up the fact that they can earn higher returns of 12-15 percent in equity linked tax saving schemes as compared to 8-9 percent offered by other financial instruments like NSC, fixed deposits, etc.
|