Ans: Hello Nadeem

In lieu of your investment horizon and risk willingness, you should be considering investing in "large & mid cap" category. For detailed investment plan, i should know your all other constraints. Thanks!

Ans: Allowances specified under old tax regime can be availed if it is part of salary structure (like House rent allowance, Transportation allowance, Uniform Allowance, Telephone Allowance etc)

Ans: Do not go for stocks if you do not have any idea about them. You will hurt yourself unnecessarily.

For a three year goal, I do not recommend you taking a very aggressive call. Better to build a portfolio of one Large Cap, one Flexicap, one hybrid aggressive and one balanced advantage fund.

Please remember this will depend a lot on your risk profile, where all have you already invested and how critical are your goals.

Ans: Hi Nadeem,
No changes to limits for any deductions in the current budget proposal.