I use PPF for the “safe” part of my long term goals. Withdrawal being tax free is attractive for me. I recommend opening a PPF account with just 500 INR each year until you reach the 7 year mark.I will cover this in a future dedicated article. Recurring Deposits (RD) Your parents ...
Another confusion that people have about handling multiple PPF account is that they want to invest full Rs 1.5 lakh in each PPF account. But that is not allowed as per PPF rules. The correct rule is that – the Rs 1.5 lakh limit of deposit in a given financial year by an individual is...
Do not rush to invest Rs. 1.5L a year in PPF just because it is tax-free with a guaranteed return. In the above plan, the total investment in debt will only be Rs. 74 K. In fact until the equity allocation starts decreasing as mentioned above, the debt investment will not exceed Rs...
Before moving forward, let’s understand why do we buy Mutual funds at the first place? We sometimesneglect the basic reason to invest in mutual funds, the reason is very simple: We invest in Mutual Fund because we have money to invest but we dont have the expertise to invest in Stock ...
They will not invest more when their return on their investment is meagre, and when they are scared, they will not be getting the investment back. Due to low foreign investments and the inflow of money reduces, the government started spending from its reserve for the different government ...
Is it an opportune time to invest in a Value Fund? Currently, although the Indian equity market has hit turbulence and wealth creation could be a challenge in 2019, the concept of 'Value Investing' is expected to reap rewards in the long run. This is because the present conditions provide...
In this article, I discuss why the govt can use income tax (IT) slab rates as a primary guide for fixing small savings scheme interest rates to (1) reduce hardships to lower-income groups and senior citizens and (2) avoid cringy embarrassment such as thisPPF rate cut reversed but do ...