Tax exemptions can be aimed at promoting health insurance. Also government can offer tax incentives to channelize savings, which in turn work for individuals in their retirement planning.
Mutual funds though appear as one uniform investment vehicle, for the tax purpose equity and other mutual fund schemes enjoy differential tax treatment.
Borrowing for your home changes the asset liability mix of an individual. Home loan also changes the insurance needs of the borrower.
It is better to know the tax treatment you get depending on your tax status and accordingly account for capital gain tax.
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