Small Savings Scheme Comparison: KVP, NSC, PPF, SSY, SCSS, Tax Saver FD

Thursday, May 17th, 2018 Amritesh no responses

Investment in Small Savings Scheme yields guaranteed returns. Individuals invest in small savings schemes not only for guaranteed returns but also with the objective of saving tax. The interest is declared on quarterly basis on Small Savings Schemes. The Public Provident Fund (PPF), National Savings Scheme (NSC), Kisan Vikas Patra (KVP), Sukanya Samriddhi Yojana (SSY) and Senior Citizen Savings Scheme (SCSS) are some of the popular small savings schemes. In this post, comparison between KVP, NSC, PPF, SSY, SCSS and Tax Saver FD (Fixed Deposits) to understand the most attractive Savings plan in terms of return and tax benefit among fixed return investment instruments. However, in my opinion investing in Mutual Funds is a better option as it provides better returns in…

Public Provident Fund (PPF): Should You Invest?

Thursday, April 19th, 2018 Amritesh no responses

Public Provident Fund (PPF) is a small savings investment scheme for the Individuals. PPF yields guaranteed returns on the investment. However, the return is not as attractive as observed in the Equity Mutual Funds or other Securities linked investment plans. But with Long Term Capital Gains Tax (LTCG) being re-introduced on Equity Oriented Funds, it is time to revisit the investment schemes in the current Financial Year 2018-19. Interest Rates on Small Savings Schemes The LTCG tax does bring down the margin of return on investment in Equity Funds. However, one should not panic, as even after the incidence of Tax, the return is expected to be higher when compared to other fixed return instruments. Furthermore, it also allows Individuals…

Small Savings Schemes Interest Rates Retained For 1st Quarter (April-June) Of Financial Year 2018-19

Friday, March 30th, 2018 Amritesh no responses

Government has retained the interest rates on popular Small Savings Schemes for the 1st Quarter of the Financial Year 2018-19. Previously, 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 interest rates were…

Ways To Earn Money Online!!!

Friday, March 9th, 2018 Amritesh no responses

Everybody wants to be rich and earn money to fulfill their basic as well as luxury needs. However, earning money is not easy as it requires great deal of hard work, perseverance and patience to achieve. Earning legit money adopting ethical practices may seem tough initially but it is the only way one can succeed in the long run and lead a good life. Growth of digitization offers wonderful opportunity to the young and old alike to earn money online through various legit sources. Conventional way of earning money is primarily through business or by being employed. However, with the advancement of technology new avenues have come up to earn money online. This may help the students as well as…

Mutual Fund Investment: Difference between Direct and Regular Plan

Wednesday, January 31st, 2018 Amritesh no responses

Mutual Fund is diversified pool of funds collected from investors which is professionally managed by Fund Managers. The fund pooled by the Fund Managers is invested in purchasing securities. The fund is invested in multiple securities, Investors are expected to benefit from the diversification as the risk is mitigated and strengthens the prospect of better returns. Since the Fund is professionally managed by Portfolio Managers, the investors are saved from the hassle of managing the Fund. However, Investors may easily track the performance of fund periodically. Mutual Fund and Types Mutual Funds: Reasons To Invest Equity Linked Savings Scheme (ELSS) Mutual Fund is open ended diversified equity fund. Investment in ELSS mutual fund qualifies for Tax Exemption under section (u/s)…

Investment in Bitcoin: Should You Ride The Wave?

Friday, January 26th, 2018 Amritesh no responses

Cryptocurrency saw enormous interest in 2017 largely due to huge surge in the valuations along with expectation of phenomenal growth in the future. However, the new form of virtual currency exists in multiple forms making it difficult for the layman to understand the dynamics of the cryptocurrency. Even the absence of Centralized Authority and proper legislation governing the transactions makes it is highly vulnerable investment option. Furthermore, Peer to Peer based network intended to eliminate the intermediaries makes it difficult to identify the source of transactions. Bitcoins is one of the most popular cryptocurrency among other virtual currencies. Regulators across the Globe are still in the process of formulating a structured framework to regulate virtual currency related transactions. As the…

Investment In Properties Made Simple By SmartOwner

Tuesday, January 16th, 2018 Amritesh no responses

The incredible advances in technology over the last decade have profoundly impacted humanity in a myriad of ways. In fields as varied as Communication, Entertainment, Lifestyle, Health, Education, Travel and Science, software and hardware are revolutionizing how we live our lives. Financial services are no exception to this upheaval, and a number of pioneering companies are using technology to make finding a good investment as easy as opening your computer. SmartOwner, India’s largest property marketplace, is a great example of this dynamic, using an online model to give the discerning investor access to exclusive real estate investments. Financial Services The digitization of services has not only provided convenience but also has reduced manual work to a great extent. Much of…

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 popular Small Savings Schemes interest rates for the 4th Quarter of the Current Financial Year 2017-18. Last Year, Government had decided to align the small savings schemes 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 of…