PPF due

[amansinghal1408]

Hello there,

I am 30 currently and yet to be married. I have only my mom and myself in the family currently. Our PPF accounts are due already. We are getting a lumpsump of 35 Lacs. I am confused as to what to do, Reinvest it in PPF or withdraw that money and invest somewhere else.
Can somone help me?

 

[TaxWiser]

Hello there,

I am 30 currently and yet to be married. I have only my mom and myself in the family currently. Our PPF accounts are due already. We are getting a lumpsump of 35 Lacs. I am confused as to what to do, Reinvest it in PPF or withdraw that money and invest somewhere else.
Can somone help me?

If I were in your shoes, here's what I’d consider doing:
First, I’d deposit ₹15 lakhs into the Senior Citizen Savings Scheme in my mother's name to ensure a stable return. Then, I’d invest ₹5 lakhs across Gold, Debt Mutual Funds, and Fixed Deposits in Small Finance Banks for diversification. As for the remaining ₹10 lakhs, I’d keep it in my primary bank’s Fixed Deposits, making sure it's accessible instantly with just one click in case of emergencies. I’d structure the tenure and FD amounts strategically so that over the next two years, I could gradually shift this money into equity through SIPs, keeping current market conditions in mind.

Note: This is not investment advice. Please make your final decision based on your own financial understanding, research (DYOR), and risk appetite.