A Friend of mine in this Group, recently requested me to pen down my views on PPF...Public Provident Fund
Though, I am planning to release a Youtube video on all saving instruments for retirees some time later🙂
Still let me gel PPF for all...
Long one, yet I believe it will help many..
PPF is still one of the better saving options available to us. Why?
(PPF holds Good as a Saving Instrument where as ELSS is a wonderful tool as an Investment option..Choice is yours🏅)
PPF - My take
1) It comes under EEE category-
a.The amount you invest becomes non-taxable.(Exempt)
b. The interest you earn is non-taxable (Exempt)
c) The maturity amount is non-taxable.(Exempt)
2) Current PPF rate stands at 7.1%.
3) You will get a guaranteed return on your savings with much higher value than 7.1% due to the Compounding Impact of 15 years. The more money you accumulate, the more it will multiply due to compounding.. 🙂
(Check out my last YouTube Video about CATCH system, Under T, CATCH SYSTEM)
4) Moreover, PPF account cannot be attached by a court order.
Roy's Mantra -
Keep your investment journey simple, do not worry about fluctuations of a few percentage points when you are investing without risks with Goals in view... 🙂
Don't keep all your eggs in one basket.
Copyright © 2022 Biswajit Roy, All rights reserved.
Take care
Happy Investing 🙂
Biswajit Roy
Investment Coach
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