The Public Provident Fund, also known as PPF, is one of the most popular investment options among service-class people in India. There are many reasons behind its popularity, as the return you get on your investment is guaranteed, you get tax benefits on the amount invested, and whatever return you get on this investment remains
Equity-Linked Savings Schemes (ELSS) fall under Section 80C of the Income Tax Act of 1961, which permits an individual or HUF to deduct up to Rs. 1.5 lacs from their gross income. According to the guidelines of Section 80C of the Income Tax Act of 1961, an ELSS fund or an equity-linked savings scheme is
The Employees’ Provident Fund was established under the Miscellaneous Provisions Act, 1952 (“Act”), which is applicable throughout India. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, governs the Employees’ Provident Fund Scheme (EPFS). It is a long-term retirement savings plan that is managed by the EPFO. Read: What is a Systematic Investment Plan (SIP)?
SIP is like a tool or an investment strategy. The abbreviation SIP means Systematic Investment Plan. SIP is a method to invest in mutual funds, whereas mutual funds are an investment product or vehicle. SIPs, or Systematic Investment Plans, are a type of mutual fund investment. That’s why a Systematic Investment Plan, known as a
If anyone wants to control his risk in life, insurance is one of the finest options. To safeguard the future of one’s family, one must make an important investment in life insurance. The investment in insurance never goes in vain. It is always beneficial, and as in the case of any mishappening, insurance plays a