PPF
Public Provident Fund. A government-backed long-term savings scheme with tax benefits under Section 80C. Lock-in period of 15 years. Relevant for FIRE planning as a safe asset.
Related Terms
80C Deduction
Section 80C of the Income Tax Act allows deductions up to Rs 1.5 lakh per year for investments in EL...
Capital Gain
The profit realized when a security is sold for more than its purchase price. In India, classified a...
Corpus
The total accumulated amount of money in an investment portfolio or fund. In FIRE planning, the targ...
FIRE
Financial Independence, Retire Early. A movement focused on aggressive saving and investing to achie...
Gratuity
A lump-sum benefit paid by an employer to an employee upon retirement or resignation, based on years...
Holding Period
The duration for which an investor holds a security. Determines tax treatment: equity held over 12 m...