Public Provident Fund (PPF) is a retirement savings scheme offered by the Government of India with the aim of providing a secure post-retirement income. PF fund has a long tenure of 15 years and interest is huge especially in the later years. It does make a safe investment but your money is locked for that period of time.
The National Pension System is a long-term investment product that is focused on retirement. It is managed by the Pension Fund Regulatory and Development Authority (PFRDA). It is a mixed bag of investment options containing equity, fixed deposits, corporate bonds, liquid funds, and government funds among others. The decision of investing of how much to invest in the National Pension Scheme involves analyzing your risk appetite for the same. SCSS is a 5-year investment option for most retirees and can be availed by anyone above 60 from a post office or bank. The tenure can be further extended by 3 years once the scheme matures. With an upper limit of Rs. 15 lakh, the interest rate on scss scheme is payable quarterly and is fully taxable. Read:- https://dnanews24.com/6-safe-investment-options-in-india-2021/
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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