PPF(PublicProvidentFund)
Definition
A government-backed long-term savings scheme with a 15-year lock-in period. PPF offers tax-free interest (currently 7.1% p.a.), and contributions qualify for Section 80C deduction up to Rs 1.5 lakh. PPF is considered one of the safest investment options with EEE (Exempt-Exempt-Exempt) tax status.
Example
Investing Rs 1.5 lakh annually in PPF for 15 years at 7.1% interest would grow to approximately Rs 40.68 lakh, with the entire maturity amount being tax-free.
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Acornia Investment Services Pvt Ltd (ARN: 192746) is an AMFI-registered mutual fund distributor. All investments are subject to market risks. Please read all scheme-related documents carefully. The information on this website is for general informational and educational purposes only and does not constitute financial advice or a recommendation.