Exide Life Income Advantage Plan: Save, Earn and Be Insured

Thursday, June 9th, 2016 Amritesh no responses

Exide Life Income Advantage Plan is a customizable savings plan which offers you with Guaranteed Income and Insurance cover under the same plan. The plan primarily aims at providing additional income option to meet future financial requirements. It is a Traditional Participating Insurance Plan which will provide you with regular payouts in the latter half of the policy tenure while you need to pay the premium only during the 1st half of the policy tenure. It is an ideal plan for individuals who are looking for an Insurance cover along with an additional income to meet future goals such as Child Education expenses or to take better care of your loved ones. The Cost of Living is always on the…

Annuity Plans: Is It A Good Investment Option?

Sunday, June 5th, 2016 Amritesh no responses

Annuity Plans is a financial product offered by the Insurance Companies in India which provides regular income to the Annuitant (Annuity Purchaser) on payment a certain sum upfront (either in lumpsum or in installments). It is primarily a pension plan which ensures that Individual don’t run out of financial resources post their retirement and also provides additional cover just in case they outlive their savings. Annuity Plans aim at providing financial security when the earning potential has shrunk and one needs resources to sustain themselves and their dependents. Hence, Insurance Companies offer Annuity Plans which provide periodic payments which is a kind of pension/income to meet one’s expenses. However, despite the plan sounding so good theoretically it is not the…

Immediate Annuity Plan Can Help You Retire Rich!!!!!

Thursday, April 21st, 2016 Amritesh no responses

Being financially independence is a dream for most individuals.To lead a comfortable life post retirement is on everyone’s wish list. A smart way to ensure a regular income flow even after retirement is by opting for an immediate annuity plan. The amount you withdraw is tax deferred. One such immediate annuity plan that provides more benefits and options is EdelweissTokio Life – Immediate Annuity Plan.  It provides various annuity options like; 1.) Life Annuity with Return of Purchase Price (ROP): a.) Survival Benefit: Annuitant receives annuity payout at a constant rate throughout the lifetime  b.) Death Benefit: Purchase Price will be payable to the nominee/legal heir 2.) Life Annuity: a.) Survival Benefit: Annuitant receives annuity payout at a constant rate throughout the lifetime. b.) Death…

Kushal Tradelink Equity: Potential Investment Option for Retail Investors

Monday, April 11th, 2016 Amritesh one response

Investing in Stock Market in never an easy thing to do as you have so many stocks across sectors and it is very difficult to ascertain as to how the stock will perform over a period of time. Today I will review Kushal Tradelink, a BSE Small Cap Stock which seems to be an interesting pick and Individuals may have a serious look at it as it has been doing really well over the past few months and the fundamentals also look very promising. Thereby, Retail investors may look to invest in the stock and make decent returns.The company is currently listed in BSE Index and is in process to be listed in NSE very soon.In this post, I will…

Sector Mutual Funds: Top Performers

Thursday, April 7th, 2016 Amritesh 3 responses

  Sector Funds is a type of mutual funds wherein the investment is concentrated in specific sector. As I have discussed previously, Sector Fund involves more risk when compared to Equity Mutual Fund as diversification of fund is restricted. Sector Fund is a decent investment option provided you have fair knowledge about the stock market and performance of sector specific funds. Sector Fund is meant for aggressive investors who are willing to take additional risk and are unperturbed by volatility of fund. Click to Read More About Sector Funds: An Insight   Factors in favor of Sector Mutual Funds: Sector Fund may be a good investment option when the equity market is under performing, however some of the sectors are…

Sector Mutual Funds: An Insight

Tuesday, March 29th, 2016 Amritesh no responses

Sector Funds is mutual funds scheme which invests in securities of companies operating in specific sectors and thus are known as Sector Funds. The fund is diversified into specific sector and its close substitutes or alternatives. The objective of the fund is to reap benefits out of potential growth in specified industry. Sector Funds are impacted more by performance of the concerned sector rather than the overall market sentiments. For instance, Banking Sector Funds will comprise of investments in Banking Stocks, while IT fund will comprise of investment in IT and Technology related entities. Click to Read More About the Top Performing Sector Mutual Funds   Important Aspects of Sector Funds:- Sector Funds offer minimal diversification of funds and is primarily concentrated…

Small Savings Schemes Rates Unchanged for Last Quarter (January-March) Of Financial Year 2016-17: Interest Rates Unchanged

Monday, March 21st, 2016 Amritesh no responses

Government has revised the interest rates on popular Small Savings Schemes toeing in line with the decision taken last month (February,’16) to review the interest rates on quarterly basis (instead of annual cycle) from the new Financial Year (April,’16). The decision has been taken to align the small savings interest rates with the relevant market rates of relevant Government Securities. The rates will now be reset every quarter in order to align them with the current market rates. The interest rates on Small Savings Schemes are much higher as compared to rates offered by Banks. The Central Bank (RBI) has been clamoring for revision in rates as it is leading to distortion in rate structure. Government is trying to provide…

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…

Atal Pension Yojana (APY) Indepth Analysis: Why it is not the best?

Saturday, September 12th, 2015 Amritesh one response

The Hon’able Finance Minister of India had announced the Atal Pension Yojana (APY) in his Budget speech earlier this year. The scheme is aimed at people working in unorganized sector in order to provide them with Social Security cover. The Scheme has been running for past couple of months and has evoked decent response from the people. But it remains to be seen that whether the Scheme gains popularity among the people working in Unorganized Sector as they are usually susceptible to plans which require investment over a long period of time. However the assurance of Guaranteed Pension from the Government should encourage people to take up this Scheme.   In my previous post, I have discussed the Features and…