Tag: Money Matters

Your Complete Guide to PFF: Renewal, Loan, Withdrawal

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Your Complete Guide to PFF: Renewal, Loan, Withdrawal

In a world where financial security and stability are paramount, exploring investment avenues that offer both growth and safety becomes essential. Public Provident Fund (PPF), a popular and time-tested investment option that has been a trusted ally for individuals looking to secure their financial future. The Public Provident Fund, launched by the Government of India, has been a go-to investment choice for crores of people for over half a century. Individuals unable to be part of the EPF scheme can opt for PPF to save for retirement or meet other financial goals like child’s education or child’s marriage. Here’s a …

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Using the Investor Education & Protection Fund Platform To Claim Shares & Dividends

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Using the Investor Education & Protection Fund Platform To Claim Shares & Dividends

Protecting the interest of investors is one of the primary objectives of SEBI and the government. They regularly come up with rules and regulations that ensure the financial safety of investors. Back in 2016, the government formed Investor Education and Protection Fund (IEPF) to further protect the interest of investors. The IEPF authority ensures that unclaimed shares, dividends, or debentures remain with IEPF until the rightful owners claim them. In this blog post, we will learn what IEPF is all about and how to raise a claim through the IEPF portal. What Is Investor Education and Protection Fund? The government …

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How do you select dividend-paying stocks?

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Dividend stocks are a great way to build long-term wealth, providing you with a steady stream of income while also allowing you to benefit from potential share price appreciation. However, not all dividend stocks are created equal, and it’s not just about the dividend yields! With so many options available, it can be challenging and daunting to select the best ones or know where and how to start. In this blog post, we’ll share some tips and tricks to help you choose the best dividend stocks for your portfolio, ensuring that you maximize your returns and minimize your risks. So …

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Getting The Most Out Of Your Interest Rate

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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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5G and the Union Budget

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5G and the Union Budget

The union budget had focused on realizing new opportunities, business models, and employment potential from the 5G technology. In that direction, the Government has declared the construction of 100 5G labs. The labs will focus on developing applications for use in areas such as smart classrooms, precision farming, intelligent transport systems, and healthcare. 5G is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network designed to connect virtually everyone, including machines, objects, and devices. A 5G Lab works with startups, academia, and enterprise teams to build a 5G-powered world. Apart from …

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Old Tax regime or New Tax regime?

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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

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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

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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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Know the Top 7 Advantages of Mutual Fund Investing

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Know the Top 7 Advantages of Mutual Fund Investing

You would be lying if you were to say that you haven’t heard the words “mutual funds” or “SIP” if you live in India. Thanks to the immense and successful marketing campaign by the industry, most Indians are well acquainted with mutual funds (at least the word). This is clearly reflected in the recent figures. As of 31st July this year, the Assets Under Management (AUM) of the Indian Mutual Fund Industry stood at 37.74 trillion and has witnessed a five-fold increase in a span of 10 years and around two-fold just in the last five years. Mutual funds are …

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Senior Citizens can Increase their Income via Reverse Mortgage Scheme.

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Senior Citizens can Increase their Income via Reverse Mortgage Scheme.

Unlike a regular mortgage, a reverse mortgage is a scheme wherein you can use your house property as collateral to avail a loan. The bank values and inspects your property and finalises the total loan amount. In contrast to a regular mortgage wherein you make periodic payments to the bank for the mortgage availed, the bank makes periodic payments to you in a reverse mortgage. The Government launched this scheme in India in the year 2007. How does a reverse mortgage scheme help you? Well, if you are a senior citizen with a self-owned house who is finding it hard …

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