One should always compare a fund’s performance against its benchmark. If the existing schemes are not performing well, one should take a look at the pedigree of the fund house, investment philosophy and long-term performance record.
August 31 is the last date for filing returns. If for any reason you miss this deadline, you can still file returns by the following March 31. Belated returns can be filed on or before two years from the end of the relevant tax year.