Retirement Planning from One-time Investment: Investing early in your career to secure your future may save you years of hardships. Imagine a situation where your mutual fund lump sum (one-time) investment made in your mid-20s lays the foundation of a retirement life where you have an estimated Rs 2 crore by your 40th birthday and…
PPF is a popular option for those who prefer low-risk investments. However, it is important to understand what a PPF Account is and how you can invest in it. It was launched in India by the National Savings Institute under the Ministry of Finance in 1968. A Public Provident Fund allows a deposit of Rs…
The Public Provident Fund (PPF) is considered a safe investment option for generating a retirement corpus. Currently, it is offering a fixed interest rate of 7.1 per cent along with tax benefits on investments up to 1.5 lakh in a year. When choosing where to open a PPF account, you can opt for either a…