For decades, our parents made a major mistake.
They stood in lines outside banks and post offices to invest in the Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and the National Savings Scheme (NSS).
PPF's 7.1% interest rate, KVP's 7.5%, and
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Anonymous 2
Hey I am on Medial • 3m
PPF and KVP were never meant to generate massive wealth. They were designed as stable, risk-free savings instruments. If every Indian had put their money in stocks, we’d have seen many more Harshad Mehta-style crashes.
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For decades, our parents made a major mistake.
They stood in lines outside banks and post offices to invest in the Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and the National Savings Scheme (NSS).
PPF's 7.1% interest rate, KVP's 7.5%, and
Investing helps us gain financial independence, create extra wealth, and better life opportunities. Everyone invests at some point or another in their life. There are various asset classes where one can invest, they are:-
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Sagar Anantwar
•
SimpliFin • 8m
The biggest mistake I have seen many people make ...
Many people think investing in equities or mutual funds is like gambling and so they stay away from it.
What they do instead is:
- Keep all their money in their savings account
- Only invest in
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