Which is the Best investment options among PPF, PF, FD, RD, Mutual Funds, Shares | Smart Investment?
I suggest investing in Mutual Funds instead of investing directly in any stock. But due to the Coronavirus epidemic along with the Global market Indian stock market is also affected badly where SENSEX has fallen down to % and NIFTY has fallen down to 31% from its lifetime high. Here I will suggest a few stocks where you can invest invest
Hope after COVID-19's effect on the Market you will agree with the below investment plan.
As per my understanding, if we invest more in PPF, PF, RD, and FD that will be good for us to secure the major part of our earned money.
If you are in a job and getting a regular salary as income, then you should invest your hard-earned money where the risk level of losing your money is minimal. Below are a few options for you to get maximum returns and low-risk options are also given below.
PPF: PPF is a "Public Provident Fund", an investment platform for individuals, where you can invest a minimum of Rs. 500 to a Maximum of Rs. 1,50,000 every year.
PPF Product Features:
The interest rate of 7.1% is fully exempted from Income Tax under Section 80C.
As per the new rule after the Finance Minister presented the Budget on Feb-2021, Interest received on up to 2.5 Lakhs deposited in EPF is free from tax and the interest received on the amount deposited more than 2,50,000 will not be tax-free.
Good long-term investments of 15 years
The Deposit Amount can be as low as Rs.500 and a maximum of Rs.1,50,000 in one financial year. Deposits should be in multiples of Rs.50
The loan can be availed between the 3rd and 6th financial year.
A partial withdrawal facility can be availed after completion of 5 financial years
The account can be extended in a block period of 5 years after maturity
Deposits to Public Provident Fund (PPF) Accounts can be made in the form of cash, cheque, or online funds transfer from bank accounts.
You can transfer your PPF account between banks or to the Post Office.
Power of compounding:
You can download the emUtility app on your phone and can calculate the return. The app is available for iPhone and Android users in the App Store and Play Store.