Direction: The following flowchart shows how Mr. Shah manages one of his monthly incomes. Study the ….

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Direction: The following flowchart shows how Mr. Shah manages one of his monthly incomes. Study the given flowchart to answer the questions that follow.

If Mr. Shah’s income did not fall into the tax net, should he necessarily invest in Mutual Funds?

Options :-

1. Yes, even though he need not pay income tax he should invest in mutual funds.
2. No, because investment in mutual funds is subject to market risk, and as he need not save any tax he may not risk his money.
3. Either option a or b
4. Both may be followed
5. None of these

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