Should we invest in PPF or ELSS

Both PPF and ELSS have their merits and demerits. Your investment choice should be informed by your investment objectives and your risk tolerance level. Your risk tolerance level is based on several factors (discussed in our article Measuring Risk Tolerance of Investors). Age and financial situation are certainly two important… Continue reading

Is it true that if I open an account in my minor child’s name and I also have my own PPF account, that I am only eligible for Rs. 1 lakh exemption totally for both accounts?

Yes, this is true. Considering that your child is a minor, you as the parent / guardian are not entitled to dual exemption of up to Rs. 2 lakhs, the exemption limit remains at Rs. 1 lakh for a minor child. However, if you open an account in your spouse’s… Continue reading