Saving tax and creating wealth need not be separate goals

Many people start thinking about tax-saving investments in the last quarter of the financial year when they are nudged by their employers to submit tax proof. Their mental wiring becomes such that all they want is to dump money somewhere that gives them a tax benefit. And in a rush, most people fall prey to the next sales guy they meet. In this entire process, proper evaluation and suitability of the investment instrument takes a back seat.