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      Investment In Properties Made Simple By SmartOwner

      Tuesday, January 16th, 2018 Amritesh no responses

      Technology has come a long way over the last decade and impacted our lives in all the ways possible. Impact of such advancements may be experienced across plethora of subjects. Evolution of Technology has lead to drastic advancements in the fields of Communication, Entertainment, Lifestyle, Health, Education, Travel and Science to name a few. In Financial Services domain too Technology has contributed immensely. Taking cue from the same, SmartOwner is one such organization which has made the best possible use of technology to create an online real estate market place for the investors. Financial Services Financial Services too has witnessed immense transformation under the influence of technology. Digitization of services has not only provided convenience but also has reduced manual work…

      Best Performing ELSS Mutual Funds for Investment in 2018-19

      Tuesday, January 9th, 2018 Amritesh no responses

      Equity Linked Savings Scheme (ELSS) is Tax Saving Mutual Fund Investment Scheme. The investment in the scheme is eligible for Income Tax Deduction U/S 80C up to the maximum limit of Rs 1,50,000/-. However, the maximum limit is inclusive of other investment schemes eligible for deduction under Section 80C. ELSS has the shortest lock in period of 3 years among other tax saving investment plans. The returns on the ELSS are market linked which is moderately volatile, but investment over long period is considered safe. ELSS has potential to earn higher returns when compared to fixed return instruments. Furthermore, In Fixed Income Schemes returns are restricted which may not be sufficient to counter the inflationary trend. Thus ELSS provides the…

      Cryptocurrency Market: All You Need To Know

      Tuesday, January 2nd, 2018 Amritesh no responses

      Cryptocurrency is the new craze among millennials as digitization is impacting our lives in every which way possible. Eventually leading to advent of virtual currency which is regarded to be the substitute of fiat currency (Dollars, Euro, INR, etc). However, the Virtual Currency has created a lot of buzz and concerns at the same time as dealing in digital currency which is decentralized raises regulatory issues. The peer to peer based nature of transactions eliminates middlemen but also creates probability of virtual currency being misused for unlawful activities or to evade tax. Currently, In my opinion, it is better to steer away from Virtual Currencies as Individuals do have good investment options available which are safe and regulated by the…

      Small Savings Schemes Interest Rates Revised For 4th Quarter (January-March) Of Financial Year 2017-18

      Sunday, December 31st, 2017 Amritesh no responses

      Government has revised the interest rates on popular Small Savings Schemes for the 4th Quarter of the Current Financial Year 2017-18. Last Year, Government had decided to align the small savings interest rates with the relevant market rates of Government Securities. The rates are now recalibrated every quarter in order to maintain it at par with the current market rates. The interest rates on Small Savings Schemes are slightly higher as compared to rates offered by Banks. The Central Bank (RBI) had been clamoring for revision in rates as it is leading to distortion in rate structure. Government is trying to provide a level playing field to the Banks by aligning the deposit rates to the market rates. The slashing…

      One Stop Solution to Manage Your Investment: ARQ Investment Advisory Engine

      Thursday, August 31st, 2017 Amritesh no responses

      A recent study showed that major portion of the young population is pretty confused when it comes to Personal Finance and matters pertaining to Investment. Individuals need to be prudent when it comes to investment because it is their hard earned money which is being invested with the expectation of maximizing their wealth. The availability of numerous financial products often confuse the Investors even more. However, the advent of technology has simplified the art of investing. I strongly believe that technology has a huge role to play in the Financial World and it is steadily making it presence felt. Technology has ensured seamless Financial transaction across globe but has also brought about great deal of transparency in the Financial dealings.…

      Power Of Compounding: Invest Early Reap Huge

      Thursday, August 17th, 2017 Amritesh no responses

      “Principle of Compounding” is a very powerful tool in Finance and Economics. Compounding in simpler terms means interest being added to the principal, thus the addition of interest to the principal is called compounding. “Principle of Compounding” means that not only the principal amount earns interest but the interest amount also earns interest (interest on interest). Thus it leads to accelerated growth of Wealth. COMPOUNDING IN PERSONAL FINANCE In “Personal Finance” it is very important to understand the power of compounding as you plan your investment or even when you plan to take a loan. In modern times all the interest calculation is Compounded irrespective of it being a Financial Institution, Bank or any other organization. Hence one has to…

      Direct Equity or Equity Mutual Funds: Plan Your Investment

      Saturday, August 5th, 2017 Amritesh 3 responses

      Investment decisions at times can be very confusing and cumbersome. In current market you have plethora of financial products to chose from which makes the task even more tedious. However, Each Financial Product is designed to meet specific needs and one should understand their purpose before deciding to invest. Pure Investment product is something which should be considered by Individuals as it offers better returns when compared to other Investment Instruments. In this post, I will discuss about strategic advantages one can enjoy by investing in Equity Mutual Funds instead of Direct Equity Investment. Direct Equity Investment is a viable option only for Individuals who have good knowledge about the Stock Market and can afford to devote considerable amount of…

      Portfolio Management: 5 Must Have Investments For Every Individual

      Thursday, July 27th, 2017 Amritesh no responses

      Individuals are often confused when it comes to Investments. It is primarily due to the fact that wide range of products is available for investment. Individuals are often influenced by friends, relatives or even the promotional campaigns used by the BFSI (Banking, Financial Services and Insurance) companies. Thus, in this post I will discuss the 5 most popular Investment Product which every Individual should try to include in their portfolio. The aim is to ensure an ideal balance between Investment, Insurance, Risk and Return. The most important aspect which one should keep in mind while managing their portfolio is to diversify funds into various Investment avenues. This not only helps in mitigating the risk but also ensures that you are…

      6 Ways To Save Tax: All You Need To Know

      Thursday, July 20th, 2017 Amritesh one response

      Tax Planning is the evaluation of individual’s financial position from the tax point of view so as to optimize the Finances in the most efficient way. It helps to make optimal use of the tax benefits available in order to reduce the tax liability during the financial year. Tax Planning is the ethical mean to reduce the tax liability through proper tax exemptions channels available to the Tax Payers. Most of the Individuals are aware of the Tax Deductions available U/S 80C up to the maximum limit of Rs 1,50,000/-. However, Individuals are eligible to avail additional deductions under some of the other Sections of the Income Tax Act which has been discussed below. Edelweiss brings to you 6 ways…

      Kisan Vikas Patra (KVP): Features, Benefits & Drawbacks

      Saturday, April 15th, 2017 Amritesh no responses

      Kisan Vikas Patra (KVP) scheme was re-launched by the Government very recently (2014). The scheme is mainly targeted at the group who does not have means or access to other financial investment options. The features offered is mostly similar to other Savings Scheme offered by the Government but with some tweaks in the rate of interest, tenure and some other features. The Investment doubles on completion of tenure. Although it does not provide any Income Tax deduction and even the interest earned is Taxable. It may be an Investment option for individuals who are looking at secured returns on Investment and people looking beyond National Savings Certificate (NSC) and Public Provident Fund (PPF). Please read the comparison in the link…