SIP By SIP, Plan for a Secure Future!!!

Tuesday, July 17th, 2018 Amritesh no responses

Ever imagined that securing one’s future could be as easy as taking a “SIP” of Coffee? Sounds weird!!! Well, I’m going to explain as to how one can easily secure his/her future just by being financially disciplined. In my previous post I have already expressed the need to “Plan Your Investment”, in this post I will discuss the possible ways to achieve your Financial Goals with small investments. Attainment of Financial Goals does not necessarily require lump sum investments. The same may be achieved with the combination of smart planning, financial discipline and defined objectives. How SIP helps in “Planning Your Investment”? As all of you are aware, Mutual Fund is fast emerging as the preferred choice of investment among…

Small Savings Schemes Interest Rates Retained For 2nd Quarter (July-September) Of Financial Year 2018-19

Thursday, July 5th, 2018 Amritesh no responses

Government has retained the interest rates on popular Small Savings Schemes for the 2nd 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 interest rates are now recalibrated every quarter in order to maintain it at par with the current market rates. The Small Savings Interest rates are slightly higher as compared to rates offered by Banks. The Central Bank (RBI) had been clamoring for revision in interest 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 rate was expected…

Investment in Mutual Funds: All You Need To Know

Thursday, June 28th, 2018 Amritesh 2 responses

Mutual Fund is emerging as the preferred choice of investment among investors. Moreover, since the interest rate in Small Savings Schemes is dropping, Individuals are turning to Mutual Funds. In my opinion too, Investment in mutual fund is one of the effective ways to manage your funds and ensure that one is able to meet his/her future financial obligations. Individuals with minimum or no knowledge about the Capital market may also invest in Mutual Funds and enjoy the benefits of high returns. Even though, investment mutual is prone to market fluctuations, but in the long term the returns are higher as compared to Endowment Insurance Plans or the Fixed Return Instruments. Mutual Fund industry began in India in 1963 with the…

Plan Your Investment: Be Wise, Choose Wise!!!

Tuesday, June 26th, 2018 Amritesh 3 responses

“Investment”, if you go by the meaning of the word, it simply implies the “the act or process of investing money for profit”, it is simple isn’t it??? Well with respect to personal finance, the honest answer is a “Yes” and a “No”, the same will be explained as I continue further. Just at the end of the year 2015, Standard and Poor’s Financial Services released the findings of the Global Financial Literacy Survey, according to the report close to 76% of the Indian adults do not properly relate to the key financial concepts. It is very important to understand the term “Investment” in real term. Individuals without any “Financial Plan” may think this post is not for them but…

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…

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 2 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…
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