PPF vs SIP : Want to be rich in 10 years? Then ‘this’ will be the best option for investment, it will give a roof-top return
- People prefer SIP or PPF investments
- Which of the two is better for investment?
- Which of the two options would be the best?
Where will your Money Grow More : People save because everyone is worried about their future. But is the purpose behind this only saving? Who wouldn’t rather see their money grow than save it? That’s why we turn to investing. This is equally true for employed people who work until the age of 62 and then rely on savings. But then there are many ways to do this.
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Which one is better?
Most people prefer to invest in SIP or PPF. But it is often difficult for us to decide which of the two is better for long-term investment. Either one does not understand the difference between them and then does not understand how much profit will be made between them. This article is very important to clear this confusion. Let us first understand what exactly it means.
What is PPF?
First of all it is important to understand what PPF is. PPF stands for Public Provident Fund. It is a popular long term savings scheme of the Government of India. PPF offers tax free returns for 15 years. It is a great option for retirement planning. Since PPF is a scheme of the Government of India, it is viewed as a safe savings or investment scheme.
What is SIP?
Now let’s talk about SIP. SIP stands for Systematic Investment Plan. It is a mutual fund, in which people often invest. These mutual funds can be short-term or long-term. You invest a small amount every month depending on market fluctuations. This investment is not tax free and when we withdraw, we get interest as per market rates.
PPF vs SIP
Both PPF and SIP are good options for long term investment. However, since PPF is a government scheme, the returns on it are fixed. You get 7.1 percent interest rate on PPF. In contrast, SIPs offer uncertain returns; It is a high-return scheme linked to the market. It gives returns ranging from 10 percent to 14 percent. While PPF funds are safe, returns on SIPs are not.
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