Investing in PPF alone not enough for retirement savings2 min read . Updated: 08 Jun 2021, 03:15 PM IST
- Investing in debt is essential. But it's up to you to decide the allocation based on your risk profile. If you can handle the volatility in equities, you can have a lower allocation to debt
NEW DELHI:Public Provident Fund (PPF) is one of the best instruments available for retirement savings. Historically, it has offered better rates than bank fixed deposits. Then there is the tax benefit - you get a tax deduction on investment, and there's no tax as your money grows or when you withdraw on maturity. It's available for salaried as well as the self-employed.
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