Know your risk profile before investing

Gauge your outlook towards investments as it will assist in the creation of a customised portfolio aimed to help you achieve your goals. HT reports.

Before you finally make your tax-saving investments, it is important to understand your risk profile to enable you to choose the products that suit you best. If you are an aggressive investor, equities are for you; conservative investors should stick to the debt basket; those falling in the other categories can choose a mix of equities and debt accordingly. So rate yourself through the quiz and assess your risk appetite. The next and last step would be to take a look at the comprehensive basket of tax-saving instruments under various sections of the Income-tax Act.

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