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You might be losing lacs investing in PPF! Salaried middle class crowd is getting screwed 🤯

If you’re a salaried employee, you might be investing in PPF to fill the ₹1.5 lacs quota for tax savings (80C). But this could cost you loss of potential returns worth lacs over the years. Let’s see how:

Returns of ₹1 lac invested in PPF (7.1%) and ELSS (22%, lowest returns from the list of funds shared in reel) over 3 years:

PPF = ₹23,661

ELSS = ₹92,326 🚀 (almost 4x returns than those on PPF)

The difference in this case is almost ₹70k more returns for just 1 year’s additional tax saving contribution over a period of just 3 years. It could run into crores of rupees of lost potential gains over the salaried life of an individual (when investing in PPF instead of ELSS).

2 better ways to invest for tax saving:

1. Voluntary PF - safer option
2. Tax Saving Funds (ELSS) - option with the best returns (as shown above)

PS - This is not a financial advice. Just sharing my thoughts and observations.

Legend:

PF - Provident Fund
EPF - Employee PF
PPF - Public PF
VPF - Voluntary PF
ELSS - Equity Linked Saving Scheme (or Tax Saving Funds)

#PersonalFinance #PPF #EPFO #EPF #Salaried #TaxSaving #VPF