financenu

The Public Provident Fund (PPF) is one of India's favorite forms of mutual fund investment, especially because it offers a very high savings rate. It provides highly competitive interest rates plus tax breaks that contribute to wealth accumulation, becoming a popular investment method. This blog will show you a procedure on how you can make Rs 12,500 as a deposit in PPF and, as a result, you will be able to earn Rs 1 crore. With that being said, let's get started! Step 1: Establish Specific Monetary Goals Before directing you towards mutual fund investment in India mutual fund investment in India , it is critical to determine your financial goals. Assess your underlying motive for investing planning for retirement, financing children’s education or a savings account in case of emergencies, for instance. Realizing your productive aims will determine your investment decisions in the future. Step 2: Estimate Your Expenditure. To assemble how much money you'll have to contribut...

April establishes itself as the second birth month not only for incredible beautiful blooming flowers but also for a new financial beginning, evidenced by the new rules of EPF that come into force today. Bye-bye to Procedural Employment Provident Fund Transfer concerning switching jobs as your previous balance will carry forward with you into your new workplace automatically. No more tedious paperwork and endless follow-ups to finally get started with your new job – knock out the challenges and shake hands after the completion. EPFO is the best investment plan for employees.  New EPFO Rules This EPFO game-changing modification has helped us alleviate our shelve from regular housekeeping duties of admin isolation, helping us pay attention to the growth of our careers and dreams. With a few hieroglyphics, the EPFO has now simplified the process and made things less tedious for an untold number of employees all over the country. As Mr S. Ashish Aggarwal, CEO of Acube Ventures, aptly ...