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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

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…

How to Improve Your CIBIL Credit Score?

Friday, September 22nd, 2017 Amritesh one response

Credit Report is a very informative data used to evaluate loan and credit card application, as it provides detailed record of one’s Credit history (Loans, Credit Card Dues, Repayment, etc) and helps lenders to determine the Credit worthiness of an applicant. Earlier, it was a parameter considered only when an Individual used to apply for a new credit card or loans. But now some Companies are asking for the Credit Report even while offering jobs. Therefore, it has become very important to have a Good Credit Score as the implications are high. CIBIL TransUnion Score helps you analyze your Credit worthiness.  CIBIL TransUnion Score is a Credit Score given to individuals based on their past financial records. Credit Score is…

National Pension Scheme (NPS): Retirement Benefit Plan

Tuesday, September 12th, 2017 Amritesh 3 responses

About National Pension Scheme (NPS): An Insight National Pension Scheme (NPS) is introduced by the Government to provide better Social Security to the Individuals post retirement and help them lead comfortable life. The National Pension Scheme (NPS) was launched on 1st January,2004 and was made mandatory for all Central Government Employees. Since 2009 the Scheme has been opened for all the citizens between 18 years to 65 years of age. The NPS is managed by Professional Fund Managers. Now even various State Governments and Corporate entities have also subscribed to the scheme for the benefit of their employees. Pension Fund Regulatory and Development Authority (PFRDA) formed in 2003 by the Government of India to manage and regulate the Funds under…

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.…

Employees’ Pension Scheme (EPS): Should You Opt for Deferred Withdrawal?

Wednesday, August 30th, 2017 Amritesh 6 responses

Recently, Government made amendments to the Employees Pension Scheme (EPS) norms allowing Subscribers to defer withdrawal of pension (After 58 years) for minimum of 1 year and maximum of 2 years along with additional interest of up to 8.16% on actual pension. The amendments offer two options to the Subscriber with regard to deferred withdrawal of pension fund. First, the Subscriber may continue to contribute to the Pension Fund for the extended period and the same will be considered while calculating Pensionable Salary and Pensionable Service. Second, the Subscriber decides to defer the withdrawal for 2 years but opts not to contribute during the deferment period. Higher Pension Under EPS For Members Employees' Pension Scheme (Series-1) Benefits Under Employees' Pension…

Employees’ Pension Scheme (EPS): Increase Your Pension with Deferred Withdrawal

Monday, August 28th, 2017 Amritesh 7 responses

Government recently made few amendments to the Employees’ Pension Scheme (EPS). These amendments are aimed at reducing the deficit in Pension Fund and provide Subscribers with an option to receive higher pension. The new changes allow Subscribers to defer withdrawal of pension for 1 year or 2 years after reaching the age of 58 but not beyond 60 years. Member will enjoy an additional increase of 4% in case of deferral for 1 year and 8.16% in case of deferral for 2 years. Members will also have the option to contribute to the Pension Fund till the age of 60 which would be included while calculating pensionable service and contribution period. Members who do not wish to contribute during the…

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