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...
1.)Open Public Provident Fund (PPF) account:The moment the child receives the first monetary gift, open a PPF account in his/her name. Do ensure that whatever child receives it should be used only for his/her benefit. This will in turn ease your pressure of saving. 2.)Start saving wit...
I am 26 with $100k in my bank account and nothing to lose. Why am I not allowed to invest small amounts in startups? How can I invest in startups? What are some great startups in the mobile e-commerce space, i.e., mobile commerce, coupons, com...
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...
I believe that ‘lack of liquidity’ is the biggest disadvantage of Tax-Free Bonds. Hence, invest in TFBs only if you can hold the bonds till their maturity date. TFBs can be a very good investment option for NRIs and HNI individuals. ...