What is a NPS? NPS is similar to Mutual funds. You keep aside some money for your retirement and this money is put into the capital market. Hence, the sum which you will get post retirement will be dependent on the performance of capital market. These are managed by fund managers.
As on Dec 29, 2010, the Sensex ended up at 20256 and nifty ended up at 6060! Go back to Dec 29, 2009; the indices were at 17,401 and 5187 for sensex and nifty respectively. So what’s your bet for 2011? In 2009 the market was in recovery mode which consolidated in 2010 and expectedly… Read More »
Vipul needed a quick fix. Fortunately for him, he was in a hurry to invest also and had started young. Things like compounding interest, safe investment options like FDs and some shares that did extremely well, had stocked his treasury quite generously over time. Had he sat back and given a careful thought to his… Read More »
For the retired people, the Post Office Monthly Income Scheme is a good savings instrument. The interest is 8% divided on a monthly payout basis. The payout if not required can be channeled to a recurring deposit. The effective returns increases by almost 10% by doing this. The interest can be credited to a savings… Read More »
As a smart investor, ensure adequate exposure to various asset classes. Though make equities the mainstay of your investment plan, ensure you take exposure to other assets like gold, realty and debt. So in case of a stock market downturn you are sufficiently protected.
The verification of these documents are critical, though commercial establishments that take office premises have a legal team to handle the formalities often the lone individual in search of a comfy apartment does not often realize the significance of such things nor do they actually get a chance to verify these details.
Getting a travel insurance policy is slowly becoming an indispensable part of a traveller’s list of ‘must-have’ things. The basic purpose of opting for travel insurance is to safeguard against high medical costs as well as baggage delay or loss. Other eventualities covered include loss of passport, missed flights, financial emergencies and housebreak when the… Read More »
Risk tolerance is a factor that varies with one’s portfolio duration, value, liabilities and return expectations. However, in case a couple is looking for such a big time horizon (more than 15 years), risk tolerance should cover all other variables. Equity investments, as shown by countless researches, are best suited for long-term investment durations.
RBI issues tax-free ‘RBI Relief Bonds’ which offer 8.5% interest rate compounded every 6 months. The bonds are extremely safe and mature in 5 years. A special feature is that these can be pledged as securities in a bank for borrowing credit. RBI Relief Bonds can be sold to another party in the secondary equity… Read More »
One sure way to find some excess cash in a downturn is to reduce expenses and lifestyle purchases. The point is not to cut down on the fresh fruit that we buy for our children, but on the new sofa set that we planned for our living room. The new model mobile phone or the… Read More »