Definitely PPF has been very good investment option and wealth creator for many investors who started investing when the interest rates in India were in double digits.
Today when interest rates are close to inflation or even less, it make less attractive to invest in such fixed interest schemes with long lock-in period. Investor needs an investment avenue which will help them to beat inflation, give flexibility and create wealth in long run with attractive returns.
Mutual Funds is only investment avenue which will help the investor to beat inflation, give flexibility with minimum lock-in period, tax deduction (minimum in all investment avenues available eligible for tax deduction) and higher returns compared to any other fixed income generating investments in long run enabling the investor to create wealth.
Equity Linked Saving Schemes (ELSS) Mutual Funds help investor to invest in equity, beat inflation, get income deduction (lower tax payable) and with minimum lock-in period. Mix of PPF and ELSS will be good combination for investor to create wealth in long run.
Please feel free to post your queries or email us at ark.advisor@gmail.com. We will be happy to assist you in your journey of Wealth Creation
.