Want to investment? Check out top 5 options for salaried persons
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1. Fixed Deposit
Bank fixed deposits provide a secure way to earn interest income and ensure the repayment of the principal amount at the agreed-upon rates, regardless of any fluctuations.
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2. Public Provident Fund/PPF
Not only does investing in PPF make you eligible for tax deductions under Section 80C, but the interest earned and maturity amount are also tax-exempt.
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3. National Pension System/NPS
The National Pension System (NPS) is a tax-saving scheme backed by the government, ideal for conservative investors aiming to create a retirement fund.
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4. Mutual Funds
Preferable option for retail investors seeking long-term wealth creation through equities, especially when compared to fixed income instruments
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5. Voluntary Provident Fund/VPF
An extension of EPF scheme, enabling EPF subscribers to make voluntary investments exceeding their mandatory EPF contributions. It is eligible for tax deductions under Section 80C.