Top Equity Linked Savings Schemes (ELSS): To Invest In 2016

Sunday, February 28th, 2016 Amritesh no responses

Equity Linked Savings Schemes (ELSS) mutual funds is one of the best investment cum tax saving option available to the Individuals, who are looking at tax saving investment schemes. Previously, I have discussed about  the Features and Benefits of Investing in ELSS, the links to the post is provided below:-   Equity Linked Saving Scheme (ELSS): An Investment cum Tax Saving Scheme   Reasons To Invest In ELSS: Features and Benefits   In this post I will discuss about the Top ELSS plans one may consider for Tax Saving as well as Investment. ELSS plan is a viable investment cum tax saving option in the current scenario as the markets have been underperforming for quite some time now. This means you…

Insurance and Investment: How Are They Different?

Sunday, November 29th, 2015 Amritesh one response

Personal Finance may sound very simple but in reality it is not the case. As many of you will admit that taking an Investment or an Insurance related decision is always very difficult. One should take decision based on his/her future capital requirements and security coverage needs. Individuals should not succumb to the schemes promoted or marketed by the Insurance/Investment Advisors who in their bid to sell their respective financial product may manipulate facts.Individuals should be very careful while taking a financial decision and have a close look at the features, benefits, riders before putting in their hard earned money.Investment and Insurance are two terms which is often interchangeably used, but in reality they are not similar and denote two…

Benefits, Drawbacks And Returns: Sukanya Samridhi Scheme (SSS)

Sunday, March 15th, 2015 Amritesh 3 responses

Last week I had posted about the features and other details of Sukanya Samridhi Scheme (SSS) initiative started by the Government recently. The Scheme offers one of the highest returns on Investment among all Savings Schemes offered by Government of India. You can follow the link given below to read the details and features of the Scheme. I suggest you read it before going through this post to have a better understanding.   SUKANYA SAMRIDHI ACCOUNT SCHEME (YOJANA)   In this post I will discuss the benefits and drawbacks of the scheme and also show illustration of the return on Investment in the Scheme.   BENEFITS UNDER SUKANYA SAMRIDHI SCHEME Higher Rate of Return On Investment: The return on Investment…

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 higher as compared 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…

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…

Public Provident Fund (PPF)

Sunday, March 16th, 2014 Amritesh 2 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…