BusinessPhoto: NDTV BusinessWhere to Invest Your Diwali Bonus: PPF, SIP, or FD?
During Diwali, salaried employees often receive a bonus. Instead of spending it immediately, consider investing for future benefits. A Public Provident Fund (PPF) suits those who can wait 15 years for retirement or education goals, offering government-backed fixed interest. A Systematic Investment Plan (SIP) in mutual funds is ideal for wealth creation over five years or more. Fixed Deposits (FDs) offer safer, short-term options depending on your risk tolerance and liquidity needs.
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