Responsive & Mobile Design

Employees Provident Fund (EPF) Subscribers may now withdraw up to 90% of their Provident Fund (PF) to pay for the down payment/EMI towards purchase of a new house. EPFO has now allowed subscribers to withdraw accumulations from the Fund by amending the Act. The new paragraph 68-BD will enable Subscribers to withdraw up to 90% of the fund from their account. Norms have been relaxed to encourage Subscribers to buy their own home. As Government has set a target of…Continue Reading >

Responsive & Mobile Design

The most critical aspect of investment is choosing the right investment product for the portfolio. Most of us are confused about it and end up making a wrong choice. Now in this post we will look at the various aspects which should be taken into account while building your investment portfolio. Portfolio planning is very important because a well thought off portfolio will not only ensure capital acceleration but also minimize the investment risk. Many critical factors needs to be…Continue Reading >

Responsive & Mobile Design

The Government has replaced the previous data series with a new dataset along with change to the base year from 2004-05 to 2011-12, it is expected that the new series will help in formulating policies with the aid of more precise figures. Impact of indirect tax has also been excluded from the calculation. The GDP is also calculated on the same data, the new series includes 697 items instead of 676 earlier. The new data includes 199 new inclusions while…Continue Reading >

Responsive & Mobile Design

Life is short but our career is even shorter. Hence, when planning for future it is always advisable to plan for your retirement as well. The earlier you start the better it is to plan your investment. Annuity is a Financial Product offered by Insurance Companies, aimed at providing steady source of income to the Annuitants (Purchaser of Annuity Plans). The primary aim of such plan is to provide financial cover on retirement to the individuals, and ensure that one…Continue Reading >

Responsive & Mobile Design

Individuals contemplating to buy a Health Insurance must be confused as to which Policy they should avail for themselves and their dependents. The Insurance companies basically offer three types of Health Insurance namely Critical Illness, Mediclaim or Cashless Insurance and Accident Insurance. These Health Insurance policies are designed to provide financial coverage in case of any health related issue arises. Health Insurance is governed by the Insurance Regulatory Authority (IRDAI).   However all the three forms of Insurance provide Health…Continue Reading >

Responsive & Mobile Design

Equity Linked Savings Scheme (ELSS) is a tax saving mutual fund investment scheme which allows the investor to earn better returns on the investment. The investment has the shortest lock-in period among other Tax Saving Investment Options of 3 years, post which the amount may be withdrawn. Equity Linked Savings Scheme (ELSS) do carry moderate risk as the performance is market linked and the return on investment is not assured. However, if we look at the performance history of the…Continue Reading >

Responsive & Mobile Design

FATCA (Foreign Account Tax Compliance Act) has been made mandatory for the Investors and Bank holders alike from 1st May 2017 in India. FATCA is an anti tax evasion agreement signed between United States and India which is effective from 31st August 2015. FACTA regulation is aimed at curbing tax evasion practices and bringing uniformity in Global Tax compliance. India had entered into an agreement with the United States for implementation of FATCA with effect from 31st August 2015. Bank…Continue Reading >

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Equity Linked Saving Scheme (ELSS) is an open ended Mutual Fund Scheme and allocation of fund is largely made into equities and some portion in debt securities to make the investment more viable and reduce the risk. Since the investment is mostly in Equity Market one has to be careful with the investment.   You can read more about ELSS Mutual Funds in the link provided below:-   Equity Linked Saving Scheme (ELSS) In this post I will discuss about…Continue Reading >

Responsive & Mobile Design

Equity Linked Saving Scheme (ELSS) is equity based Mutual Fund scheme in which allocation is primarily made in to Equity market. In some of the Schemes partial allocation is also invested in debt instruments to provide more balance to the Fund. However since majority of the allocation is in equity it is highly volatile in nature and returns are dependent on the market performance. Thus the prices of the units keep fluctuating with the shifts in the Equity market. Although…Continue Reading >

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Critical Illness Insurance is a Health Insurance which covers your medical and hospitalization expenses to be incurred by providing a lumpsum amount in case of detection of any critical illness (covered in the insurance) based on the Illness and Insurance coverage. The Insurance Company examines the medical documents and history of an individual and after ascertaining the expenses related to the treatment provides a lumpsum to the individual to the extent of sum assured. These Insurance policies are offered mainly…Continue Reading >