SIP vs SSY vs EPF: Comprehensive comparison of Rs 12,000 monthly investment returns, benefits and tax savings

• Launch Year: 2015, as part of the "Beti Bachao, Beti Padhao" initiative.
• Interest Rate: 8.2% p.a.

• Girl child under 10 years.
• One account per child.
• Max of 2 accounts per family.

• Total Investment: Rs 21,60,000
• Interest Earned: Rs 44,90,475
• Maturity Value: Rs 66,50,475
• Tax Benefits: SSY offers tax deductions under Section 80C of the Income Tax Act.

• Interest Rate: 8.15% p.a.
• Contribution: Both employee and employer contribute 12% of the employee's basic salary and dearness allowance.
• Tax-Free Interest: Withdrawals and interest accrued are tax-free under specific conditions.

Total Accumulation: Rs 48,93,132 upon retirement.

• EPF Scheme 1952
• Employees' Pension Scheme (EPS) 1995
• Employees' Deposit Linked Insurance Scheme (EDLI) 1976

• Simplify compliance.
• Ensure dependability of online services.
• Reduce claim settlement time to 3 days.

Investment Type: Regular investments into mutual funds, offering higher returns through market-linked growth.
Method: Fixed investment at set intervals, automatically debited from your bank account.

• Total Investment: Rs 21,60,000
• Estimated Returns: Rs 38,94,912
• Total Value: Rs 60,54,912

• Flexibility in investment intervals.
• Higher potential returns due to compounding.

• SSY Maturity Value: Rs 66,50,475
• EPF Accumulation: Rs 48,93,132
• SIP Estimated Value: Rs 60,54,912

For long-term savings, SSY offers the highest maturity value, while SIP provides flexibility and potential market-driven growth. EPF is ideal for salaried employees aiming for retirement benefits with tax advantages.