At the same time, many schemes are being run by the government to benefit the employed people also. One of these is Public Provident Fund (PPF). However, now an important update has come out from the government regarding PPF, about which people investing in PPF should know.

PPF scheme

Actually, PPF is a savings scheme run by the Central Government. Through this saving scheme, people are encouraged by the government to invest and save. Apart from this, people also get tax benefits in this scheme and people can also save tax through this scheme.

Interest on PPF

At the same time, interest on this scheme is provided by the government. This interest is also reviewed by the government every quarter. Recently, the interest paid on PPF has been reviewed by the government. In such a situation, there has been no change in the interest rate given on PPF and it has been kept stable. In such a situation, interest of 7.1 percent will be given on PPF in the quarter of October-December 2023 also.

PPF amount

PPF is a savings and investment scheme. Its maturity is 15 years. Through this scheme, people can invest a maximum of Rs 1.5 lakh in a financial year. Also, in this scheme it is necessary to invest a minimum of Rs 500 in a financial year. Apart from this, people can avail tax benefits under Section 80C of the Income Tax Act through this scheme.

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Not only in the country, every person in the world not only wants to keep his money safe, but also wants to invest in a good scheme. Investment not only keeps money safe, but also earns interest. Talking about investment, it has many schemes. Everyone wants the best investment scheme, but everyone has different preferences.

Some invest in property, while some invest in the share market. Some invest in Mutual Funds and some in different schemes of bank or post office. But if you come to know that there is such an investment scheme in which you can become the owner of Rs 5 crore in 25 years by saving only Rs 500 every day, then you would also like to invest in that scheme. Today we will tell you about one such investment scheme.

Save 500 rupees every day for 25 years and become owner of 5 crore rupees

To get 5 crore rupees in 25 years by saving 500 rupees, you have to invest in SIP (Systematic Investment Plan) scheme of mutual funds. In this scheme of investment, your money grows in a systematic way and also remains safe. Though mutual funds are subject to market risks, the risk can be minimized by investing in the right way and keeping track of the market.

Returns received in mutual funds in the last 5-10 years

SIP Monthly Investment Amount (in Rs)

Largecap :- 30% (4,500)

Flexicap :- 20% (3,000)

Midcap :- 20% (3,000)

Smallcap :- 30% (4,500)

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