Inspite of NPS being launched for the last 2 years, it has not been able to garner attention of the investor fraternity. Hence to promote it, the Government of India has announced that it will add Rs 1000 co-contribution every year for the next three years for everyone who joins the New Pension Scheme. Those… Read More »
These funds have a lock-in period of three years, which prevents you from unnecessary withdrawals and spending and helps earn a return over time. However, remember to stay invested for longer periods of time to the tune of 10-12 years to reap the best of returns.
Gold ETF, also known as paper gold, is an open-ended mutual fund scheme that invests money collected from investors in standard gold bullion having 99.5% purity. Investors in Gold ETF will have their investment in the form of units of the scheme which is listed on the stock exchange. Each unit of the investors holding… Read More »
Use the bonus points that have accumulated on buying necessities (house hold appliances, clothes, groceries etc.) rather than using it on using it on things (luxuries) that aren’t really important to you. Only if the bonus points are used practically, you are actually saving cash because had to now have the bonus points, you would… Read More »
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.