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Speak to your HR manager at work or your financial advisor to plan your 80C investments.
Remember, wherever possible take greater exposure to equity instruments such as
Equity Linked Savings Schemes. After all, this is the age to take that extra bit
of risk.
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Visit the nearest bank that offers PPF account services. Most public sector banks
open Public Provident Fund (PPF) accounts for citizens. Open an account immediately
if you don't already have one. Invest about 10-20% of your annual savings in PPF.
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Give yourself a realistic savings target. Even that extra Rs 500 saved is worth
a lot in the long run. It might seem like a small amount now but 20 years later
you will see the massive impact compound interest has had even on these small savings.
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Speak to your advisor about mutual fund SIPs. Start one immediately.
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Take active interest in your own financial planning. It's not that complicated!
Don't leave everything to your advisor.
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