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      Small Savings Schemes Interest Rates Retained For 3rd Quarter (October-December) Of Financial Year 2017-18

      Friday, October 13th, 2017 Amritesh no responses

      Government has retained the interest rates on popular Small Savings Schemes for the 3rd 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…

      Tax Saving Investment Options For The Financial Year 2017-18

      Sunday, April 9th, 2017 Amritesh no responses

      The New Financial Year is here and I’m pretty sure that most of you have started with your investment/tax planning for the year. The Investment Schemes discussed here can provide you with maximum tax saving Under Section 80 (C) of Rs 1,50,000/-. Please refer to the links shared below to read in details about the schemes and benefits offered. I will be discussing the some of the notable investment options available under various Sections in my upcoming post for the Financial Year 2017-18. However, in this article I will restrict only to investment options which offer decent returns under section 80C. Do subscribe to my Wealthtech Speaks Blog and Youtube Channel for more updates. The Investment schemes “Header” are hyperlinked…

      National Savings Certificate (NSC), Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF): Choose The Best

      Friday, April 7th, 2017 Amritesh 2 responses

      FEATURES NSC ELSS PPF Tax Benefit U/S 80C Up to Rs 1.5 lacs       Up to Rs 1.5 lacs Up to Rs 1.5 lacs Minimum Contribution Rs 100 Rs 500 Rs 500 Return on Investment 7.8% Variable 7.8% p.a Tenure 5 3 years 15 years Tax on Return Taxable Tax Free Tax Free Maximum Contribution Limit No Limit No Limit Rs 1.5 lacs Tax on Interest/Return Taxable Exempted Exempted Risk Nil Moderate Nil In the above chart you will see the comparison between National Savings Certificate (NSC), Public Provident Fund (PPF) and Equity Linked Saving Scheme (ELSS). But I will also discuss some more points about the respective investment options so that you can chose the best investment for yourself. Also…

      Tax Saver Term Deposits: All You Need To Know

      Wednesday, March 29th, 2017 Amritesh no responses

      Tax Saver Term Deposit is the Fixed Deposit Scheme which is eligible for Tax Deductions Under Section 80C up to maximum limit of Rs 1,50,000/- . The minimum lock in period for the investment is 5 years. The e-Term Deposits makes it possible for the investors to make online investment, thus any individual using internet banking can make the investment from the comforts of his/her home. Features of the Term Deposits Maturity period for the Investment is 5 years. Maximum Tax Deduction available is Rs 1,50,000/- which is inclusive of all other investments U/S 80C. Return on Term Deposit is not tax free, implying that investment in scheme is eligible for Deduction, but the interest earned on the investment is…