Which is the Best investment options among PPF, PF, FD, RD, Mutual Fund, Shares | Smart Investment during the COVID-19 pandemic?
My suggestion for you is to invest 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 you where you can invest to invest
Hope after COVID-19 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 minimum. 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 Maximum Rs. 1,50,000 every year.
PPF Product Features:
The interest rate of 7.1% that is fully exempted from Income Tax under Section 80C.
As per the new rule after Finance Minister presented the Budget on Feb-2021, Interest received on upto 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 to 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, online funds transfer from bank accounts.
You can transfer your PPF account in between banks or to 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 as well as Android users in the App Store and in Play Store.
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