Just few days back we have a post about comparison of PPF and Bank deposits for 80C benefits and compared few features of both the products.This post can be considered as an extension of that post. Here I have tried cumulative flow of both PPF and Bank fixed deposits( with tax liability of different tax brackets). Assumptions:…
Daily Or Monthly – Which Frequency Was Better In Last Year:
Systematic investment is possible through different frequencies like daily,fortnightly,monthly or quarterly.. I was curious about which one will prove better so made some calculation based on some assumptions as stated below..We compare here daily and monthly frequency. Suppose that investment was made in Reliance Growth Fund. Investing period is assumed for last one year (15th…
Case Study – Bank Deposits Or PPF Which One To Select For 80C Benefits:
Santosh is in great dilemma.He have a scope for investment of Rs.50,000 U/S 80C and save some tax.He have invested Rs.50000/- in ELSS and insurance policy already and want to have some safe investment for remaining amount. When any one talk about safe investment U/S. 80C,two options always comes in mind. Tax Saver fixed deposits…