October 8, 2013 8:25 am
where will my investment get tripled in 15 yrs with tax rebate?
Dear Subhash, please read the FAQs available there in the online transfer portal of EPFO to understand, how this thing ‘ll work. As it’s the just launched service, hence no real life experience is available to share with us.
how to go about online transfer of EPF a/c from previous company to present company which is said to have commenced from oct 1st 2013
In a bull market investment can get tripled in only 7-8 years for quality stock or mutual fund investments.
Dear Ishar, what type of tax saving you are demanding? Is it at the time of investing or during accumulation or at the time of redemption?
3 times the investment in 15 years is achievable but it won’t be able to beat the inflation after 15 years.
1) Do you have any specific goal/purpose to get 3 times the money ?
2) How did you arrive at the decision that you want 3 times the investment and not 10 times ?
3) You want to invest in lump sum or some variable amount every month ?
This is a very subjective question and i guess no body has confirmed answer to this.
But yes, provided you are a disciplined investor this can be achieved, however this also depends on lot of factors. I would advice to seek help of any financial adviser to judge your risk taking capabilities and amout you have to invest to achieve your goal.
it can be possible if you invest in stocks. But your time horizon 15 Yrs is too long.
10 Yrs is enough to get triple through Stocks. But first concentrate on how to make your money double in 5 Yrs.
Or else, Invest in High risky Mutual Funds. I mean Small and Mid-Cap Mutual funds.
I do not knowledge about a stock mutual funds. so another option is available
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