20 March 2014 - Wealth18.com

Public Provident Fund (PPF) is one of the safest, long term investment options with tax benefits. This scheme is managed by Government of India. Why should you invest in PPF Account? Safe investment – Government scheme Long term – 15 years Returns approx 8.5 – 9% Tax free Interest & tax free maturity amount Deduction u/s 80C for investment made in PPF Amount in PPF account is also exempt from Wealth tax. PPF account is free from attachment by a court in respect of any debt or liability Tax benefits of PPF Account PPF falls into E-E-E (Exempt-Exempt-Exempt) mode of taxation. Annual investment into PPF account is eligible for deduction u/s 80C Interest earned on the PPF account every year is Tax FREE Maturity Amount is Tax FREE Amount in PPF account is also exempt fro...

What is CPSE ETF CPSE ETF (Central public sector enterprises ETF) is the new ETF launched by government which is comprised for 10 Bluechip PSU companies. Its objective is to raise money from public & invest in the shares of PSU companies which are part of this ETF. Through this ETF government is targeting to raise Rs 3000 crores. The NFO is closing on 21-Mar-2014. What is ETF ETFs are like mutual funds which can be bought and sold on stock exchanges. It is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange What is CPSE Index comprised of? CPSE Index has been created by including companies that meet the following criteria: Owned 55% or more by the Government and listed on the NSE Large PSUs (those having m...

Day: 20 March 2014

Public Provident Fund Scheme (PPF Account) – Features, Tax benefits

CPSE ETF Details & Should you invest in this PSU ETF?