Employees Provident Fund (EPF) Online Claim Transfer

Friday, May 26th, 2017 Amritesh 4 responses

Employees Provident Fund (EPF) has made it possible for the Subscribers to transfer claim online through their previous or present employer. Subscribers switching jobs may now submit the transfer claim online, the same will be processed within few days. The option to apply for transfer of claim is available on the EPFO portal. In order to apply for  transfer claim online, Subscribers need to activate their UAN. Following which the application for the Transfer Claim may be made. Applying for Transfer of Claims Online Log onto EPFO portal and Click on the Link for Online Claim Transfer Portal. (www.epfindia.gov.in) Check Eligibility for Online Transfer of Claim through the option made available to the Subscribers- This can be done by providing…

Investment Portfolio: Planning and Approaches

Saturday, May 20th, 2017 Amritesh one response

The most critical aspect of investment is choosing the right investment product for the portfolio. Most of us are confused about it and end up making a wrong choice. Now in this post we will look at the various aspects which should be taken into account while building your investment portfolio. Portfolio planning is very important because a well thought off portfolio will not only ensure capital acceleration but also minimize the investment risk. Many critical factors needs to be considered while planning your Investment. Ideal Investment plan will look to maximize the accumulation of wealth with minimum amount of risk involved. STEP 1: Assessment of Requirements and Needs Even before an Individual decides on the Investment plans and type…

Equity Linked Saving Scheme (ELSS): Reasons to Invest

Wednesday, May 3rd, 2017 Amritesh no responses

Equity Linked Saving Scheme (ELSS) is an open ended Mutual Fund Scheme and allocation of fund is largely made into equities and some portion in debt securities to make the investment more viable and reduce the risk. Since the investment is mostly in Equity Market one has to be careful with the investment.   You can read more about ELSS Mutual Funds in the link provided below:-   Equity Linked Saving Scheme (ELSS) In this post I will discuss about the Reasons to Invest in the Scheme:-   Short Tenure Lock In Period: As compared to other Investment Schemes like Public Provident Fund and National Saving Certificate, ELSS has a relatively shorter lock in period of 3 years. Thus individuals…

Income Tax Deductions Available For The Financial Year 2017-18

Thursday, April 20th, 2017 Amritesh no responses

Individuals whose Annual Income is above Rs 2,50,000/ p.a- will be liable to pay Taxes on the earnings above the prescribed amount. However, Individuals earning up to Rs 3,50,000/- p.a can avail Tax Credit up to Rs 2,500/- Under Section 87A on the Tax payable. Thereby, implying that Individuals with Income up to Rs3,00,000 would not be required to pay tax as per the new Tax Slabs for the Financial Year 2017-18. In this post we would discuss the Tax Deductions available under various Sections and the investment options available to the Individuals. Kindly refer to the Link shared below for the latest Income Tax Rates. Income Tax Slabs & Rates Financial Year 2017-18 (Assessment Year 2018-19) Deductions Available Under…

BFSI Website – Which One is the Best?

Sunday, July 17th, 2016 Amritesh no responses

The internet has made the world a smaller place. Most of us spend time on social media platforms and mobile apps. Calling, messaging, viewing content and shopping everything is done online.  Like every other product, even the BFSI sector has extended their services online. While banks were the first movers, insurance is not behind. The financial sector does not only provide services online but they have also optimised their websites and communication to cater to the needs of their audience. One such company is EdelweissTokio Life, they recently launched their new website. The news was trending on twitter at number one position.  The new website was appreciated by most people online.This instigated me to go and check out their website.…

Wholesale and Retail Inflation Rise, Industry Output Grows

Friday, July 15th, 2016 Amritesh no responses

  WHOLESALE PRICE INDEX   Wholesale Price Index (WPI) for the month of June, 2016 rose steadily to 1.62% as compared to 0.79% in the previous month. Inflation is on the rise for past three months and it is the highest recorded in last 22 months. The rise is mainly attributed to steep rise in the food prices and manufactured products. However, the softer crude prices has shielded against steeper rise in inflation rates. The food inflation rose steeply to 8.18% as compared to 7.88% in the previous month. The fuel and power segment, inflation declined by (-)3.62% as compared to (-)6.14% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods…

Brexit: Global Impact and Scope for Emerging Economies

Saturday, June 25th, 2016 Amritesh no responses

  Brexit, a term associated with Britain’s referendum on whether to continue with European Union (EU) or part ways has been pronounced. Many had expected that Britain will vote in favor of sticking to European Union (EU) but sadly that has not happened. Global Markets reacted sharply to the news and there is a sense of uncertainty hovering around as one cannot be sure about the future implications of such a move. Pound fell to its lowest levels since 1985 and with even Euro is under pressure. Equities fell sharply as Global markets lost about $2.1 trillion in a single day trade after the verdict while interest in Precious metal like Gold and Silver rose as Investors considered it a…

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…

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…

Retail Inflation In Check, Industry Output Contracts, RBI Rate Cut On The Cards

Tuesday, March 15th, 2016 Amritesh no responses

WHOLESALE PRICE INDEXWholesale Price Index (WPI) for the month of February, 2016 continued with the deflationary trend, as inflation eased marginally to (-)0.91% as compared to (-)0.90% in the previous month. Inflation has stayed negative consecutively for the past 16 months. This is the leanest period observed since the WPI Index was launched in 2005. The fall in WPI inflation is mainly contributed due to slide in Crude and Food Prices which ensured that wholesale inflation remained negative. The food inflation dropped to 3.35% as compared to 6.02% in the previous month. The fuel and power segment, inflation declined by (-)6.4% as compared to (-)9.20% in the previous month. Wholesale Inflation takes into account the prices paid by the manufacturers…