Table of Contents
Which is better PPF or MF?
The choice between PPF and Mutual Fund depends on the investment purposes or investors’ goals. One is a market-linked product while the other functions more like a savings scheme. While PPF offers stability in returns and best suited for investors’ with low-risk appetite.
Which investment is best for tax exemption?
Investment options under Sec 80C
| Investment | Returns | Lock-in Period |
|---|---|---|
| Public Provident Fund (PPF) | 7\% to 8\% | 15 years |
| National Savings Certificate | 7\% to 8\% | 5 years |
| National Pension System (NPS) | 12\% to 14\% | Till Retirement |
| ELSS Funds | 15\% to 18\% | 3 years |
Should I invest in MF?
Mutual funds are a safe investment if you understand them. Investors should not be worried about the short-term fluctuation in returns while investing in equity funds. You should choose the right mutual fund, which is in sync with your investment goals and invest with a long-term horizon.
How much annual income is tax free?
Therefore, under the new tax regime, basic exemption limit will remain Rs 2.5 lakh for all taxpayers.” Do keep in mind that only individuals having no business income in a financial year are eligible to choose between both the tax regimes every year.
Who can contribute to the GPF account?
Anyone who fulfills the below-mentioned criteria can contribute to the GPF Account: 1 A government employee who is a resident of India 2 General Provident Fund is compulsory for government employees belonging to a certain salary class 3 Any employee of a private sector company is not eligible for the General Provident Fund
What is the interest rate on General Provident Fund (GPF)?
Interest rates on General Provident Fund are revised time to time as per the government’s regulations. Currently, GPF earns an interest rate of 8 percent. Once you subscribe to General Provident Fund the money needs to be contributed unless there is a case of suspension.
What are the salient features of LIC money back 25 years policy?
The following are some of the salient features offered by the policy. The Money Back 25 years LIC plan offers a settlement option to receive the maturity benefit, which means that the insured can receive the maturity benefits in installments over the chosen period of 5 years, 10 years, or 15 years.
What are the best investment options for a salaried person in India?
Best Investment Options for a Salaried Person in India 2021 1 Public Provident Fund (PPF) 2 National Pension System (NPS) 3 Equity Linked Savings Scheme (ELSS) 4 Tax Savings Fixed Deposit 5 Unit Linked Insurance Plans (ULIPs)