Tax saving is not your ultimate goal in investing!

Investing should not be done with only tax-saving purpose. You should have a holistic mindset in terms of your portfolio allocation & whether you are investing for the long-term or short-term depending on your risk profile and financial goals. If you are heavily tilted towards equity, a fixed-return investment can be considered. If you have a debt-heavy portfolio, ELSS should fall within your purview. If you are looking at tucking away money for over a decade, then the Public Provident Fund (PPF) can be considered. If you need the money in a few years, then the National Savings Certificate (NSC) would be more suitable. Remember, your ultimate goal is not tax saving, it is wealth creation. Tax optimization of individual financial products has to be the last step in the overall financial plan.