Sir I have opened a PPF account in jan2, 2016? And I have deposited1000 rupees in it? As u have mentioned 1-5 should be the date of deposit of PPF amount. Sir how can I invest further so as to gain more?please guide me
MPK-If you planned to invest monthly, then invest within 1-5th date of every month. If you planned for lump sum then between 1-5th of April every year.
Now what should i do?Should the investment be uniform every month?Now i have 3 months for this financial year. How can according to u should i make investment?
MPK-No, you can invest as per your choice (but minimum of Rs.500). It depends on you of how to utilize these remaining 3 months. But do remember, that PPF is a debt product. So don’t over invest in such products thinking of tax and all. Invest in PPF to equal of your debt portion of portfolio where your goal matches the PPF tenure. Blind investment for tax saving purpose is totally wrong.
Sir i am not getting u.What is meant by “invest in ppf equal to debt portion of portfolio”?Sir is monthy investment of 1000 is safe or 12k per annum?
Sir say my salary is 3.5 lacs per annum. So i will have to give income tax of 10,000.How can i save that 10000 rupees?Is the whole amount can be saved?
MPK-When you invest then you might have equity:debt portfolio. Let us say your goal is 15 years, then the debt portion can be invested in PPF as it is debt product and tenure matches your goal. It is your flexibility to invest. If you can manage Rs.12,000 in the month of April, then go ahead and invest lump sum in April. Otherwise invest monthly.
Don’t concentrate too much on tax saving. First understand your financial goals. Then select the product which matches goal and also be tax efficient. Product selection must be at end but not at beginning.
Sir can i invest 4000 per month for jan feb marchAnd 12k in april.Is it a good investment plan?Is 12k a big amount at this stage in ppf?
That is for financial year apr 2015-mar2016 i will be depositing 12kAnd for the finacial year apr,2016-mar2017 it is 12k
Sir i have seen that if I invest 4000 every month for jan, feb, mar then the maturity amount is somewhat less than if i would have paid lumpsum in any month.please guide me how to utilize these three months
MPK-I don’t think that will be a great game changer in return part. If you have lump sum, then you can invest it in this month itself or before 5th Feb.