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      Sukanya Samriddhi Yojana (Scheme)

      Friday, March 13th, 2015 Amritesh no responses

      Sukanya Samridhi Scheme (Yojana) is a deposit/investment scheme for Girl Child. It is a Government initiative started vide notification dated 02.12.2014 under the Beti Padhao Beti Bachao (Save and Educate Girl Child) campaign keeping in mind the welfare and educational needs of a girl child. The Scheme encourages the Parents/Guardian to make investment for their daughters so that they could support their Higher Education or even Marriage in the future. Government has amended the maturity and withdrawal norms via a notification dated 18.03.2016. Those changes have been incorporated in this article.   In this post we will look at the Salient Features and Benefits under the Scheme:-   ELIGIBILITY Either Parent (Father or Mother) can open an account in the…

      Senior Citizen Savings Scheme (SCSS)

      Wednesday, March 11th, 2015 Amritesh one response

      Senior Citizen Savings Scheme (SCSS) was introduced in the year 2004 for the benefit of the elderly individuals. The interest rate on the investment is almost identical to the interest paid by the banks on Fixed Deposits. But unlike Fixed Deposits, SCSS is eligible for Tax Deduction U/S 80C on Investment up to Rs 1,50,000/-.   SCSS Account can be opened in Post Offices or any designated branch of 24 Nationalised Bank and One Private Bank (ICICI Bank).   In my opinion it is good investment option for risk adverse Investors as Return on Investment is more or less fixed, as Government announces the rate of interest yearly which does not change much.   In this post we will look…

      Retirement Planning

      Sunday, January 25th, 2015 Amritesh no responses

      Retirement Planning is a financial allocation of your investments and savings to meet your future needs and obligations when an Individual is no longer in Job or Business as the case may be. It provides financial independence and you don’t need to depend on anybody for your living. Retirement Planning merely does not mean availing any of the retirement plans available in the market rather it requires more strategic thinking and planning. Many factors are required to be considered before deciding on Retirement Plan depending on your Financial requirement and type of lifestyle. It is very necessary to plan early as it lends better balance to your funds and one does not need to make steep investments for the future.The…

      Emerging Market Funds

      Sunday, May 11th, 2014 Amritesh no responses

      “EMERGING MARKETS”: What do they mean???Emerging Market Funds or also known as Global Funds are Mutual Funds that have features similar to Exchange Traded Funds (ETF’s). But Emerging Market Funds means a lot more than that in real terms. These are special type of Mutual Fund scheme which allocate their investments in the Developing Countries. The term “Emerging Market” is given to the countries whose economy is still in the developing stage and there is ample scope to usher the funds for development in these areas which offer better return as compared to developed economy. The objective of this Fund is to allocate assets in the developing countries which offer better and faster prospect of growth. The fund is used…

      Life Insurance: Assurance And Investment

      Sunday, April 13th, 2014 Amritesh no responses

      Life Insurance is assurance by the Insurer that upon the demise of the insured person the claim amount as per the contract or agreement will be paid to the nominee of the Insurance holder in exchange of the premium paid by the insurer for the same. The payment of premium can be on the monthly, quarterly, yearly basis depending on the terms agreed upon. There are various types of Insurance policies in the market which not only provide Life cover but also provide additional benefits such as Accidental and Disability benefits. Life Insurance is very essential for every individual as you are not aware about the future shortcomings. Moreover you have responsibilities and obligations to fulfill which make insurance even…

      Balanced Funds: An Overview

      Sunday, April 6th, 2014 Amritesh no responses

      Balanced Funds are a kind of mutual fund scheme which offer Investors security, returns and moderate capital appreciation. These funds are also known as Hybrid Funds. Here the funds are invested in certain proportion in Equities as well as Bonds. The idea of the fund is protect the investment of the investor and provide decent return at the same time. These are considered as safer investment option as the fund is diversified in fixed return investments as well as equity which depending on the market scenario can yield positive or at times negative returns as well. But as per the data provided by the Stock Exchange the equities do provide positive and good returns over a longer period of time.…

      Public Provident Fund (PPF)

      Sunday, March 16th, 2014 Amritesh no responses

      Public Provident Fund (PPF) scheme was introduced in 1968 by the Central Government of India and is one of the tax saving small saving scheme. PPF provides guaranteed returns along with Tax Relief on the Investment. Considered as an ideal investment scheme for risk averse investors as it offers decent returns when compared to other fixed return instruments. It is risk free investment plan and does not get impacted due to market fluctuations as observed in Equity Linked Schemes (Stock Market).  It is viable saving cum investment option for the salaried as well as self employed Individuals. The PPF fund is managed by the Central Government and interest on the investment is now being declared on quarterly basis prior to…

      National Savings Certificate (NSC)

      Sunday, March 9th, 2014 Amritesh one response

      National Saving Certificate (NSC) was started by the Government of India post Independence as fund was required to speed up the developmental work and also with a motive to inculcate the saving habits among the People. It is a Tax Saving as well as Investment option at the hands of the investor. The tenure of Investment in the NSC varies from 5 years and 10 years (Discontinued) at the present. Before 2011 the minimum tenure for investment was 6 years but now has been brought down to 5 years. NSC’s carry a fixed rate on return on the investment and tax deduction is available on the same. The NSC’s are available in the denomination of Rs 100, Rs 500, Rs…

      Planning Investments: Be Wise Invest Wise

      Sunday, March 2nd, 2014 Amritesh no responses

      “INVESTMENT”: What does it mean?In simple term it means any action or process of putting your present money or earnings in to any instrument or financial product which would provide good return on fund put in, it can also mean accumulation of assets which have the potential to appreciate in the future thereby enhancing the wealth of the concerned individual. Some though might invest to safe guard against any future shortcomings and also to cover their medical expenses in case of illness.We have wide range of financial as well as non financial products to invest into. You have the luxury of investing into Mutual Funds, Bullion Goods, Real Estate, Life Insurance Policies, Health Insurance, Retirement Plans and many others which…

      Savings, Investments And Insurance

      Sunday, February 2nd, 2014 Amritesh no responses

      Savings, Investments and Insurance are the terms we often come across and many of us treat is as same. But in reality this is not true. Many of us may feel that the term may look identical but when you look at it carefully you will realize there lies a point of difference. However though, they might mean different in the practical world but their interrelation cannot be ignored. Savings, Investments and Insurance are not only interrelated but they are also interdependent on each other. Savings generally means to save a portion of your earnings to meet your future shortcomings or obligations that may arise. It is generally for meeting short term needs and for specific purpose. Savings do not…