Figuring out finances can be tough, but don’t worry, we are here to help! While the new financial year has just begun, here are some epic tips to get yours sorted:

2. Tax Saving: Explore tax-saving investments like ELSS funds as they grow your wealth while helping you save taxes! Investments in ELSS funds qualify for a tax deduction of up to ₹1.5 lakh per year under Section 80C of the Income Tax Act. 

Kwik Fact:

Indians have exponentially increased their investment in ELSS funds in the last decade! The AUM in the ELSS fund was 20,000 crore in 2013, which increased to 1,80,000 crore in 2023.

Emergency Funds:  Life throws curveballs. Set aside some money for unexpected expenses. The rule of thumb is to put away at least three to six months’ worth of expenses from the 20% of savings referred to in the 50:30:20 rule.

Keep your savings safe, ready to use, and growing.

4. Track your expenses: Where does your money go? Keep tabs on every penny spent with MobiKwik LENS.

Hope this information will help you navigate through your finances in a better way!

Stay tuned for more money-saving tips and tricks throughout the year.

Happy Saving!