If you have a daughter below 10, the Sukanya Samriddhi Yojana (SSY) is a better alternative to the PPF. The SSY offers a higher interest rate of 8.5% and enjoys the same tax benefits as the PPF. But there are certain drawbacks, such as restrictions on withdrawals and a longer lock-in period. Like the PPF, […]
The Provident Fund (PF) is the bulwark of the retirement savings of the average salaried employee. But it can also be a great way to save tax. Although an individual’s contribution to the PF is linked to the salary, one can increase the amount by opting for the Voluntary Provident Fund (VPF). Contributions to the […]
Many readers may not agree and even experts might have their reservations about them, but the new online Ulips are very different from the pre-2010 policies. The new Ulips have very low costs, which leaves a lot on the table for the buyer. According to Morningstar, aggressive Ulip plans have earned almost 12% annualised returns […]
The NPS is a great way to save tax if you don’t mind locking in your money till you retire. Till last year, the taxability of the NPS was a big issue. But last year’s Budget changed the rules and made 40% of the corpus tax free. The PFRDA wants that the balance 60% to […]
Avoid these mistakes that investors make Investing a lump sum at the end of the year SIPs are by far the best way to invest in stocks and equity funds. Though SIPs in equity funds have seen a robust increase, the simple logic is lost on ELSS investors. AMFI data shows that nearly 50% of […]