Getting The Most Out Of Your Interest Rate

Getting The Most Out Of Your Interest Rate

“To be, or not to be” – Shakespeare’s Hamlet contemplated this in the Elizabethan era.  Cut to the present era of consumerism – he would have definitely been pondering on whether “to borrow or to save” before purchasing his 3BHK apartment or the newest model of Mercedes-Benz!  The common factor between the two extremities of borrowing and saving is the Interest Rate, a force that works FOR you when you SAVE money and AGAINST you when you BORROW.  What are Interest Rates? In its simplest form, interest rates are the costs of borrowing money, usually expressed as a percentage of …

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Compound interest is the eighth wonder of the world!

Compound interest is the eighth wonder of the world!

Compound interest accelerates your investments’ growth over time, along with balance expansion. It’s a tool that helps your principal grow fast as your interest earns interest, i.e., by adding the earned interest back into your principal balance and making interest on that. The growth of one’s investment balance would accelerate over time as one earns interest on an increasing basis. Numerous additional alternative intervals can be used in addition to the frequently used annually, quarterly, monthly, and daily compounding periods. The more frequently interest is compounded, the more rapidly your wealth grows over Time. Simple Interest vs. Compound Interest Simple interest and …

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Old Tax regime or New Tax regime?

Which is better after the budget? Old v/s new tax regime.

“Which is better, the old tax regime or the new tax regime?” This is the question that people have been asking since 2020. Budget 2023 made some important tax changes for middle-class taxpayers applicable from the Financial Year 2023-24. The old tax regime wasn’t touched, while the new tax regime saw quite a few changes. Changes were made to the tax slabs, the rebate was tweaked, and more. The budget has left more questions for taxpayers on what they should opt for while filing their taxes. In this blog, we look at which tax regime is more advantageous, what has …

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Cut-Off Timing Rules for Mutual Funds Transactions: Why You Need to Know Them

Cut-Off Timing Rules for Mutual Funds Transactions: Why You Need to Know Them

In recent years, mutual fund investments have become increasingly popular among Indian investors. The flexibility, diversity, and potential for higher returns that mutual funds offer have made them a go-to investment option for many. One of the reasons for this growth in popularity is the increased awareness and education about mutual funds among the general public. Many investors now understand the benefits of diversifying their portfolio through mutual funds, which can mitigate risk and generate higher returns. Additionally, the availability of online platforms and mobile apps for investing in mutual funds has made it easier for individuals to access and …

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Is Your Money Safe in a Fixed Deposit? Here’s What You Need to Know

Is Your Money Safe in a Fixed Deposit? Here's What You Need to Know

Is fixed deposit safe? Fixed deposits have long been a popular investment choice for Indians. It is commonly used as a reliable way of generating regular income or the best place for stashing that extra cash. Cash that could be used if anything untoward happens or for the “big” expenses. FDs offer a secure way to save and grow your money, with the benefit of potentially higher returns than a traditional savings account. Recent events in the banking space, like in Yes Bank, PMC, and DHFL, also have investors questioning the safety of their money in a fixed deposit. Being …

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How to store your financial documents safely?

How to store your financial documents safely?

To store or not to store is the big question…. that everyone, especially the earning members of our society, has to face regularly to keep their records correctly updated for future reference. Often, we misplace some essential documents when we require them the most or cannot remember where we have stored them, which results in stress and anxiety. As we have seen from our childhood, our parents and grandparents used to (still do!) have these big steel almirahs (Godrej). It was used to store various files and folders– loads of papers, small, big, and large ones. Once a year, they …

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All about InvITs and How They Work

Nischay Avichal InvITs, short for Infrastructure Investment Trusts, are pooled investment vehicles which own, operate or invest in real infrastructure assets like power plants, roads, transmission lines, pipelines etc. This investment route has opened up investor choice to invest in infrastructure projects for the better, which had earlier been primarily through investing in shares of companies engaged in the business of developing and maintaining infrastructure or through routes such as mutual funds. InvITs are also beneficial for infrastructure companies as it helps them raise extensive capital without incurring large debts and have various tax benefits due to the trust structure. …

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How Sukanya Samriddhi Yojana can help you invest for your daughter’s education meaningfully.

Nischay Avichal Are you saving enough for the expenses you will eventually bear for your child? Do you find yourself financially prepared? Child education expenses form a substantial part of a family’s budget. Financial planning has become crucial thanks to the steep rise in education inflation. And the truth isn’t hidden from anyone; the sooner you get started with investments, the better your preparedness. But how can one do this, and more importantly, how does one begin to invest? In this blog, we will talk about one of the most suitable investments avenues that can be considered when saving for …

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Understanding Auto and Active Investment Choice in NPS. Which one should you go for?

Nischay Avichal Retirement planning is an indispensable step for everyone, and the sooner it is planned, the merrier the outcome. Planning early will help you start small and get the maximum benefit of the all-good compounding. Planning your retirement the right way and accumulating a suitable corpus is vital, ultimately deciding your preparedness to retire comfortably. When it comes to retirement, the two primary choices for most of the employed workforce are the Employee Provident Fund (EPF) and the National Pension System (NPS). Although the former is available only for the formally employed workforce, NPS is open to all Indian …

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Guaranteed Pension for the next 10 years – Why this Government Scheme should be on your checklist.

Nischay Avichal The comfort of your golden years isn’t quite complete without a source of regular guaranteed income. After all, both complement each other very well. Therefore, the need to look for safer and regulated products that assure regular inflow during retirement. With the SCSS being the prevalent choice for retirees in India, the Government launched a new pension scheme for retirees way back in 2016– the Pradhan Mantri Vaya Vandana Yojana. In this blog, we will look at the features, eligibility, returns, and other aspects of this scheme. What is PMVVY? Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension …

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