Investing in mother's name can lower tax outgo. But be wary of two things.

I fall in the highest tax bracket of 30 per cent. So, will it make sense to start the SIP in my mother's name, instead of mine, to minimise taxes? - Nikhil Saini You can. If your mother falls in a lower tax bracket or has no taxable income, investing in an SIP (systematic investment plan) in her name can

This article was originally published on April 17, 2024.