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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

The Government has revised the Small Savings Scheme interest rates, which is reviewed on quarterly basis. The new rates are applicable from 1st January,’18 till 31st March,’18. The rates will now be determined at par with rates of Government Securities. Latest Small Savings Interest Rates 2019-20 The 0.2% rate cut has been announced for the last quarter. The rates have been falling rather frequently in the last few quarters. Despite the rate cuts, investment in Public Provident Fund (PPF) and other investment schemes remains attractive when compared with other fixed return instruments. In my opinion, Individuals should look at other lucrative investment options as Mutual Funds and Bonds. Small Saving Scheme Interest Rates (Click on link below to read more about…

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 "Power of Compounding" facilitates 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 Fund: Comparison

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 discussion is on, whether to invest in Direct Equity or Equity Mutual Funds. Direct Equity or Equity Mutual Funds are stock market oriented investment options. Direct Equity Investment is a viable option only for Individuals who have good knowledge about the Stock Market and can afford to…

Portfolio Management: 5 Must Have Investments For Every Individual

Thursday, July 27th, 2017 Amritesh one response

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. Portfolio Management aims at efficient allocation of funds to avail the  best returns on investment. The most important aspect which one should keep in mind while managing their portfolio is to diversify funds into various Investment…

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 best method of reduce Tax Liability and utilize the tax exemptions provided on the Income. 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…

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 7.6% Variable 7.6% 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 2 responses

Tax Saver Fixed Deposits is the Term 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 Tax Saver Fixed 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…

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