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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Employee Provident Fund

Market basics
Also called: EPF, Provident fund

A mandatory retirement scheme where employee and employer each contribute 12% of basic salary.

In plain terms

Around 8% tax-free and government-backed — the best debt allocation most salaried Indians will ever get, and the one most often forgotten in an asset-allocation sum.

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Indian stock market glossary · Market Vidyalaya