Fri, Dec 01, 2023
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Thu, Nov 30, 2023
Wed, Nov 29, 2023
Wed, Sep 13, 2023
Many card holders use their credit cards to pay their rent. However, there are a few drawbacks. If you fail to pay the credit card bill in full it may accumulate more interest over time.
Tue, Sep 12, 2023
A Term Insurance Plan is a more affordable option in comparison to a life insurance plan and can be purchased for a fixed period. Many term insurance plans come with the return of premium (RoP) riders. You can get the refund of premium paid after the policy period on opting for RoP rider.
The decision to make an early investment also comes in handy in the long run as the earlier you start saving the more returns you will receive due to the power of compounding.
The credit card holders should be cautious on spending to avoid unnecessary charges and interest rates. Missing the deadline and paying only the minimum amount also increases the interest charges on credit card spends.
Pension income for non-government employees is taxable. Hence, to maximise tax savings, one should invest in schemes such as Public Provident Fund (PPF), National Pension System (NPS) and Senior Citizens' Savings Scheme (SCSS), among others.
Factors like inflation and market uncertainties may impact the return on your investment leading to a short fall in your retirement corpus fund. Retirement planning is important as it gives you an estimate of the corpus fund you can build with your savings in the long-term.
Retirement planning not only secures one's future but also ensures financial security for their family. Life insurance policies also come with annuity plans which can ensure pension payouts after retirement.
Mon, Sep 11, 2023
Tax-savings bonds are an ideal choice for those who are looking for a low risk and secured return. These bonds are often backed by the government and come with a fixed interest rate.
With the use of an EPF calculator, an EPFO member can estimate the corpus fund for retirement. The EPF maturity amount may depend on several factors like basic salary, age of entry, retirement age, and interest rate.
Most of the lenders approve personal loan applications based on the credit history of the borrower. Your personal loan application could be rejected if you have a low credit score. Though many banks offer personal loans to borrowers with low credit scores they may charge higher interest rates.
The National Pension System (NPS) is a great option for ensuring financial security after retirement as it provides a steady and reliable source of income during retirement years. Choosing the right NPS fund manager for your portfolio will help you to maximise return on your investments.
In comparison to physical gold, Sovereign Gold Bonds (SGBs) have become the popular investment option in the market as they offer secured returns. Unlike physical gold, there is no depreciation in the value of Sovereign Gold Bonds.
Investing in gold is gradually gaining popularity due security and higher return compared to traditional savings instruments. With the advent of digital platforms, investors are shifting to non-physical gold options like Sovereign Gold Bonds, Gold ETFs and Gold Derivatives.
The choice between Sovereign Gold Bonds (SGBs) and Gold ETFs pivots on your investment goals, risk tolerance, and investment horizon. SGBs offer better tax efficiency compared to ETFs. On the other hand, Gold ETFs offer flexibility and promise a higher return.
Once the life insured outlives the term insurance policy period there will be no insurance coverage. Under certain term insurance plans if the policy holder opts for return of premium (RoP) the total premium paid could be returned after the end of the policy.
Sat, Sep 09, 2023
Real-estate investors can save a sizable portion of their profits by referring to the tax exemptions in Section 54 and Section 54F of the Income Tax Act.
For those with stock-heavy portfolios, introducing bonds can play a crucial role in diversifying your asset allocation.
There are some initiatives that provide funds in a lump sum, however, opting for the schemes that offer funds periodically is way better as it ensures a consistent source of income.
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