I get this question pretty frequently nowadays, where should I invest this chunk of money? People pose this question either on WhatsApp chat or call and at times they do schedule a tea break to ask this question. Few strangers ask me on Quora too. This simple and innocent question is not as easy to answer as it is asked.
Last few years reading on personal finance gave me several “Thumb of Rules” which I wished I would have collected somewhere for easy reference later on, and to pull easy reference during several discussions on such topics. Such thumb rules are, by definition, not meant to give you exact answers but its purpose is to give a near correct answer with easy enough to understand and remember.
India observes financial year from April to March. March month is the last chance to declare tax investments to save taxes. But there are other activities too other than declaring LIC Investments. 🙂