Donation Seat – Why it is not good for higher education?
Donation seat is one of the options for the parents when their children didn’t get a good enough rank in entrance exams for higher education like Medical, Engineering, M.B.A, and I.I.T, etc… In addition, Parents think that in buying donation seats that they can secure their children’s futures. But in many cases, it is not true. I know a lady who had completed dentistry, and She got the set with a donation of Rs.50,00,000. In addition, She is working now for a salary of Rs.15,000 per month in a Dental Hospital. Do You think that her father made a good …
Senior Citizen Savings Scheme ( SCSS) – Features and Benefits
Senior Citizen Savings Scheme is a famous savings scheme for old age people whose age is more than 60 years of age. Here, In this article I will explain all the features and benefits of this scheme. Who Can Apply for this Senior Citizen Savings Scheme?… An individual whose age is more than 60 years of age can open this account. In addition, a person who got superannuation or retired under VRS after age 5 and before 60 years of age can enter in this scheme. However, he/she should invest within one month of retirement, and the total investment …
Mutual funds vs Stocks – Which is best for you to invest?
Mutual funds vs Stocks which one to choose to invest for your financial goals? This question you should ask yourself if you are about to start your investments in both mutual funds and stocks or in one of them. I have seen some investors investing in direct stocks thinking that they can gain more return than mutual funds. In addition, they think that mutual funds finally invest the money in the stocks only. Why I can not do my self? Mutual funds vs Stocks -Which is better for you?… 1) Knowledge required in mutual funds and stocks… Stock Investment …
Return – If it is Zero or Low or (Negative) What will happen (CAGR)?
are you looking to invest in real estate, mutual funds, or in the stock market for getting a return on investment (CAGR)? I have seen many investors investing 100% of their savings into a single asset class like real estate or equity mutual funds. In addition, they believe that they will get a very good profit. Here, I am not saying that you will not get a profit. We can measure the profit by calculating the CAGR in our investment. But do remember there is no real CAGR in the real estate and in the stock market. In addition, to …
Savings Bonds (7.75%) – How to buy (invest) these Government of India Bonds?
Savings Bonds (7.75% interest) of the Government Of India is available. All you need to know that before buying these bonds, I will explain in this article. Features and Benefits of these Savings Bonds are… These Bonds are not available from 28-05-2020. However, RBI may come up with new bonds with a lesser interest rates with same conditions. Eligibility for Investment… Both Individual and Huf can apply for these bonds. However, Non-Resident Indians not allowed to buy these bonds. These bonds can be held by a) An Individual, not being a Non-Resident Indian In her or his Individual Capacity or …
PMVVY ( 2020-202- Features and Benefits 2020-2023
PMVVY full form is Pradhan Mantri Vaya Vandana Yojana. Now, this scheme has come up with new features and benefits for 2020-2023. In addition, it has 5 changes when compared earlier PMVVY. Pradhan Mantri Vaya Vandana Yojana Features and Benefits are… You should have a minimum of 60 years’ age to buy this scheme. But there no upper age limit is set in this scheme. So, anyone who is more than 60 years of age can buy this scheme. In addition, the monthly pension is 7.4% for Financial Year 2020-2021. The policy term or the pension period is 10 …
Compounding Power – Why it is not there in (Mutual Funds), Stock market?
The compounding power exists in mutual funds and in stock, as most investors believe. But actually, this compounding interest benefit is not there in mutual funds. In addition, many investors believe this wrong assumption and invest blindly in mutual funds and the stock market. In this article, I will showcase why there is no power of compound interest in the stock market and equity mutual funds. What is compounding interest? Compounding interest means that you are getting interest on interest. Let’s say you have invested in Bank FD Rs. The bank promised you to pay 6% compound interest every …
Sovereign Gold Bond Scheme FY 2020-2021 – A complete Guide
Sovereign Gold Bond Scheme is announced by the Government of India for FY 2020-2021. In addition, these bonds will be issued in 6 tranches from April 2020 to September 2020. Sovereign Gold Bond Scheme FY 2020-2021 – Complete Calander Details… I told you already that these bonds will be issued in 6 tranches. Who will Sell These Bonds?… All Scheduled Commercial Banks (except Small Finance Banks, Payment Banks), Stock exchanges Bombay Stock Exchange, National Stock Exchange, Designated Post Offices, and Stock Holding Corporation of India can sell these Sovereign Gold Bonds. What are the features of this Sovereign Gold …
Cash Flow Statement – What is its importance in your Financial Planning?
Cash Flow Statement is an important part of the “Financial Planning“, in your Financial Goals journey. All of us will be having some “Financial Goals” in our life. In addition, a few goals are house buying, retirement planning or financial freedom planning, child higher education and child marriage, etc. However, You may be having a few extra financial goals apart from the above goals. Before understanding the Cash Flow Statement, I advise you to understand What are the different ways to achieve a Financial Goal. Click this link to read about How to achieve a Financial Goal.’ Now, after reading …
Pay Zero Tax – On your white money-Here is the way…
Pay zero tax on your white money is the headline for this article. You may be surprised by seeing this headline, and you may be thinking that I am joking. But it is true. You can pay zero tax on your income completely. First, let’s understand the different categories of people who are earning money. There is a four-category type of people who are earning money. Salaried Employees Business People Self Employed Professionals Read this article that How Cost Inflation Index will help you pay less tax. Also, read the article, What are the benefits of filing Income Tax returns? …
