SillyDonut
SillyDonut

Peanuts 🥜 for Middle Class

Any comments PF holders?

Bonus - In your 1st job u can skip pf and opt for ELSS and get 1.5 lac benefits under 80c in old tax regime

Post image
13mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
JumpyHamster
JumpyHamster

Over 30 years period, I don't know if EPF will exist.😅

I am. Not even sure if they have the funds in right place.

JumpyHamster
JumpyHamster

Unka website feels like scam site and any change takes month. Seriously Modi Govt needs to hire experts to digitize Govt.

SqueakyMuffin
SqueakyMuffin
Zomato13mo

It's your forced retirement savings offered by the govt.
It'll never cease to exist.

CosmicLlama
CosmicLlama

i do not agree with this moving too much towards equity. Since 2000, we have seen a singular directional rise in stock market, So everybody thinks markets will always go up. This is a winner bias, "it worked before for others, it will work again". I do agree that fuxed returns given negative returns if you include, inflation. But at the start of career, i would always recommend fixed returns to at least 50% of net worth. Some into term insurance and the rest into mutual funds. Once we have a good corpus, we can always diversify.

SqueakyMuffin
SqueakyMuffin
Zomato13mo

Wtf? Why would an insurance give you returns? Understand the difference between insurance and investment, stop misguiding yourself and others.

You agree that fixed instruments give net negative returns, and then you suggest people to invest 50% into it.

Dude, you're a top notch consultant.

CosmicLlama
CosmicLlama

Understand the difference between term insurance and endowment plans.. Life insurance will help ones family incase of an untoward event to one's life. Building a corpus will help in reducing loan interest payment when you want o buy a house. I don't blame you since work for Zomato. You guys consider delivering food as equivalent to solving hunger and India's employment problem.

QuirkyMarshmallow
QuirkyMarshmallow

Tax free guaranteed until retirement. We cannot have high returns and guaranteed payout. Choose only one

SillyDonut
SillyDonut
TCS13mo

Why can't we have both ?

SqueakyMuffin
SqueakyMuffin
Zomato13mo

@Sherlock007 Why can't everyone have everything?

Discover more
Curated from across
Ask Grapeviners
by QuirkyRaccoonBarclays

Need some Tax Saving tricks

Hi Guys,

I wonder how people save maximum tax. I don't see any options for me to do the same. Can anybody give me some tips or tricks to save some Tax? My goal is to save maximum, and the Saving should be ready to use in a need(in case ...

Personal Finance
by TwirlyDumplingInfosys

How to invest and save taxes

So I am going to come in a tax slab from next month, probably will make 80k+ per month. In this case where I should invest for my future safety. As I am only male child of my parents, so it's my responsibility to earn and save so that I ...

Personal Finance
by QuirkyDumplingCred

Need advice for next steps

This is the current state of my portfolio, I've been doing an SIP of 60k per month for the last 3 yrs. I want to increase my SIP to 1 lakh. I have a few questions. I won't be having any big expenses for the next 4 years.

  1. It's mostly ...
Post image
Personal Finance
by PerkyHamsterPWC

80C Exemption

Am I the only one who feels EPF alone takes major portion of the Rs 1.5 lakhs exemption limit under Section 80C? 😵‍💫