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 …

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. …

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 …

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 …

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 …