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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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PPF For Kids, can open PPF account for child's education

PPF For Kids, can open PPF account for child's education

 


Given the rising cost of education, parents will have to start planning for their child's future education expenses from now. There are a variety of schemes going on in the market that can save for your child's education, most of which do not meet your expectations on one or more criteria. In such a situation, a PPF protection i.e. PPF Public Provident Fund Account for children can help a lot. With the current PPF rules, you can open a PPF account in the name of kids. However, the annual contribution to PPF account of you and the kid's child should not exceed Rs 1.50 lakh.

 

PPF account can be opened/operated in the absence of parents (parents, parents) or guardians. Only one parent can open an account. Both mother and father cannot open an account on behalf of the same kids. PPF account cannot be opened by the grandparents for the minor child until he/she is a legal guardian after the parent's death.

 

Where can you open an account?

 

Kids PPF account can be opened with the authorized post office or any designated bank branch to open a PPF account. You can open a PPF online account and invest in PPF online by your net banking or mobile banking.

 

Required documents

 

The guardian will have to give his details along with the kids in the PPF account opening form. You can open an account with KYC documents, photographs, age proof of the kid's child (Aadhaar card or birth certificate) of the parent along with the filled form.

 

Minimum and maximum PPF investment

 

The minimum PPF savings by contribution in a financial year is Rs 500 while the maximum contribution is Rs 1.5 lakh. The annual contribution to PPF account of you and the kid's child should not exceed Rs 1.50 lakh in a financial year.

 

PPF Under 80C

 

The interest earned in the PPF for kids account along with the maturity amount is tax-free for the account holder.


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