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Top Equity Mutual Funds Investment in FY 2019-20

Monday, May 20th, 2019 Amritesh no responses

Investment in Mutual Fund in India has gained momentum in the last decade, a report by Association of Mutual Funds of India (AMFI) and Global Analytics Firm Crisil confirms the same. Mutual Fund industry has grown @12.5% on an average in last 10 years as per reports and future remains robust as SEBI introduces new changes in the interest of the investors. The industry has gained pace with the investment friendly schemes such as Systematic Investment Plans (SIP) and Tax Saving (ELSS) Mutual Funds. Mutual Fund offers wide range of investment options based on the risk tolerance & planning horizon of the Individuals. Planned Investment in Mutual Funds allows Investor to achieve the desired financial objectives. In this post I…

Top ELSS Mutual Funds FY 2019-20

Thursday, May 2nd, 2019 Amritesh no responses

Mutual Fund is gaining popularity among Investors looking for higher returns. In this post I will share my Top ELSS Mutual Funds FY 2019-20 for the Financial Year 2019-20. 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 tax benefits available on other investment instruments eligible for deduction under Section 80C of the Income Tax Act. ELSS has the shortest lock in period of 3 years among other tax saving investment plans. The return on the ELSS Fund is linked to capital market which makes investment moderately volatile, but…

Small Savings Schemes Interest Rates: April-June 2019

Friday, April 5th, 2019 Amritesh 2 responses

Small Savings Schemes interest rates remain unchanged for the 1st Quarter of the Financial Year (FY) 2019-20. The interest rate on popular Savings Schemes like Kisan Vikas Patra (KVP), Public Provident Fund (PPF) and National Savings Certificate (NSC) has been retained for the current period; the rates were last revised in the 3rd Quarter of FY 2018-19. 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, along with Tax Benefits on Selected Schemes. The Central…

Best Direct Mutual Fund Investment Platforms

Sunday, March 31st, 2019 Amritesh no responses

Investment in Mutual Fund is gaining significance as more and more Individuals are considering it as a viable investment avenue. Higher Return on Investment, Tax Efficiency and Shorter Lock in Period on Tax Saving Funds (ELSS) make Mutual Fund an attractive investment platform for the investors. With the increase in number of Individuals investing in Mutual Funds, regulatory authority decided to make the investment in Mutual Fund (MF) even more attractive more investors. Hence, In 2013 Securities Exchange Board of India (SEBI) ordered all Mutual Fund houses to introduce direct plans of all the existing schemes. Direct Mutual Fund plans may be directly purchased from the respective Mutual Fund house via online or offline mode, without paying brokerage/commission on such…

National Pension Scheme (NPS): Features, Benefits & Drawbacks

Tuesday, February 26th, 2019 Amritesh 8 responses

National Pension Scheme (NPS) is a retirement benefit scheme introduced for the Individuals to provide regular income post retirement. The scheme was initially rolled out for the Government Employees, but in 2009 the scheme was opened for all the citizens of India. Currently, Individuals between the age of 18-65 years is eligible to subscribe to National Pension Scheme (NPS). The age limit for the subscription to the scheme was increased to 65 years from 60 years. Recently, Government allowed tax exemption on the NPS Withdrawal corpus (60% of total accumulation). Like every financial product, National Pension Scheme (NPS) has its own sets of features, advantages and disadvantages. The National Pension Scheme (NPS) is hailed as one of the economical retirement…

National Pension Scheme (NPS) : All Citizen Model

Tuesday, February 12th, 2019 Amritesh 3 responses

National Pension Scheme (NPS) was introduced by the Government of India in 2004. NPS is aimed at the providing financial security to the Subscribers post retirement. Initially, NPS was available only for the Government Employees. However, in 2009 the scheme was made available for common citizens as well. The scheme is strategically designed to strike balance between return and risk, in order to ensure optimum return while safeguarding the investment against market volatility. National Pension Scheme (NPS) has been discussed in my previous articles as well; the links has been shared below. NPS Government Model NPS: Retirement Benefit Plan National Pension Scheme (NPS) All Citizen Model was introduced in 2009. It is a low cost, tax efficient retirement plan wherein…

National Pension Scheme (NPS): Government Model

Tuesday, January 15th, 2019 Amritesh 2 responses

National Pension Scheme (NPS) was introduced for the Central Government Employees (except armed forces) and State Government Employees (as per the date notified by the State Government) joining service on or after 1st January 2004. National Pension Scheme (NPS) comprises of two Funds, Tier-1 & Tier-2, wherein contribution to Tier-1 is mandatory for all Government Employees, whereas contribution to Tier-2 fund is optional for the Subscribers. National Pension Scheme (NPS) has replaced the Government Provident Fund (GPF). NPS is expected to provide better return in the long run as the investment is diversified into various asset class. NPS: Retirement Benefit Plan National Pension Scheme (NPS): All Citizen Model Respective Employee as well as the Government contributes to the Fund, investment/deposits…

Small Savings Schemes Interest Rates For 4th Quarter (January-March) Of Financial Year 2018-19

Saturday, January 5th, 2019 Amritesh one response

Government has retained the Small Savings interest rates on popular Savings Scheme for the last quarter of the Financial Year. Government had raised the interest rates for the 3rd Quarter of FY 2018-19 following higher yield on the Government Securities. Thus, Investors will benefit from the hike in interest rates on some of the popular investment schemes. Latest Small Savings Interest Rates 2019-20 The interest was raised by up to 0.4% for the 3rd Quarter (October- December) of the Financial Year 2018-19. The most popular tax saving scheme Public Provident Fund scheme offers 8% return as compared to 7.6% return in the 2nd quarter of FY. Thereby, scheme gains more appeal among risk adverse investors. Similarly, 5 Year National Savings…

Investing In Kisan Vikas Patra (KVP): Should You Invest?

Tuesday, December 18th, 2018 Amritesh no responses

Kisan Vikas Patra (KVP) is a saving certificate scheme re-introduced by the Government in 2014, offering guaranteed return on investment. The interest rate on the KVP is declared on quarterly basis. Kisan Vikas Patra (KVP) along with National Savings Certificate (NSC) and Public Provident Fund (PPF) are some of the popular Small Savings Schemes offering guaranteed returns on investment. Individuals may be lured to invest in Kisan Vikas Patra (KVP) as it offers guaranteed returns. However, investing in Kisan Vikas Patra (KVP) may not be an ideal option for many. In my previous article, I had discussed the Kisan Vikas Patra in details. Link shared below. Kisan Vikas Patra : All You Need To Know Although, Kisan Vikas Patra (KVP)…

Sukanya Samriddhi Yojana (SSY): Empower The Girl Child

Friday, December 7th, 2018 Amritesh no responses

Sukanya Samriddhi Yojana (SSY) 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 is aimed at empowering the girl child, encouraging Parents/Guardian to invest towards their daughter/s future, enabling them to go for higher education or meet any other financial obligations arising later. Government has amended the maturity and withdrawal norms via Sukanya Samriddhi Account Rules, 2016. Those changes have been incorporated in this article. Small Savings Schemes Comparison: Find Out the Best In this post we will look at the Salient Features and Benefits under…

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