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The Employees’ Provident Fund was established under the Miscellaneous Provisions Act, 1952 (“Act”), which is applicable throughout India. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, governs the Employees’ Provident Fund Scheme (EPFS). It is a long-term retirement savings plan that is managed by the EPFO. Read: What is a Systematic Investment Plan (SIP)?
SIP is like a tool or an investment strategy. The abbreviation SIP means Systematic Investment Plan. SIP is a method to invest in mutual funds, whereas mutual funds are an investment product or vehicle. SIPs, or Systematic Investment Plans, are a type of mutual fund investment. That’s why a Systematic Investment Plan, known as a
If anyone wants to control his risk in life, insurance is one of the finest options. To safeguard the future of one’s family, one must make an important investment in life insurance. The investment in insurance never goes in vain. It is always beneficial, and as in the case of any mishappening, insurance plays a
