silent Killer – Inflation rate in India Makes you poor – how?
Silent killer is a word you may have heard so many times in your life. In addition, silent killer poisons exist in poison. and In personal finance, there is one more silent killer called the inflation rate in India, which will make you poor. In addition, the majority of the time you don’t know the exact cause for becoming poor. What is the average inflation rate in India historically?… Type historical average inflation in India in Google, and then you will get the page from Wikipedia. In addition, you can see in the above image that the average inflation since …
Nifty 50 CAGR – How to calculate for next 10 years?
Nifty 50 CAGR for 10, 20, 30 years can be calculated. Do remember, you are about to do it for the future. Always remember, we cannot predict the future accurately. What is the formula for the CAGR? … Compounded Annuilized Grate Rate formulae = (future value/present value)^ (1/number of years)-1. In addition, in a normal calculator, you cannot calculate its value. and you need Microsoft Excel or a scientific calculator. We know that nifty 50 is trading at 24000 levels. Hence, the present value in the above formula will be PV = 24000. In addition, we would like …
Time Value of Money – How it will help you to take right decisions?
The time value of money will help us in our daily lives to make the right investment decisions. I have tried to explain this with a son (child) and parents example in this article, where parents are planning to inherit equallly to their three sons. A Case Study to Know the Importance of Time Value of Money… Three years ago, I got a client. In addition, he is a high-income earner. Moreover, he has two brothers, and my client is the elder son. Again, 2nd Brother started his career recently. And 3rd brother yet to start the career. My client’s …
NPS vatsalya scheme – All you need to know
The Govt. of India launched the NPS vatsalya scheme to secure minor children’s future. Let us explore the features, benefits, and disadvantages in this article. NPS Vatsalya Scheme Eligibility, Features, Benefits, and Disadvantages… Any Indian citizen below 18 years of age is eligible for this scheme. and Non-Resident Indians (NRI) and Overseas Citizenship of India (OCI) who are under 18 years of age can invest in this scheme. In addition, parents or guardians can open this account on behalf of minors. And parents must operate this NPS vatsalya scheme account till minors become majors. CRA will issue a pension retirement account …
Bima Jyoti Plan. 860 from Lic Features and Benefits and Review
Lic of India launched New Plan Bima Jyoti on 22nd February 2021. Here, In this article, I will explain its features and benefits. Usually, Lic to attract salaried employees launch new policies in the month of March showing tax saving benefit under 80 C. Lic Bima Jyoti Plan Eligibility… Commencement of Risk In this Plan… If the entry age is less than 8 years, then the commencement of risk will be after completing two years in the policy or on completion of 8 years on the policy anniversary of age whichever is earlier. When the entry age is more …
NPS Exit and Withdrawal Rules 2021
NPS exit and withdrawal rules for 2021 have changed. Let’s understand these new rules in this article I will explain first the basics of NPS in this article. Basics of NPS… The government of India launched NPS ( new pension scheme) for Indian Citizens. This fund creates a retirement corpus for the people who invested in it. In addition, Pension Fund Regulatory Development and Authority (PFRDA) manages NPS. and in this fund, Non Residents are also can invest. Any person who has a sound mind and having of 18 to 60 years and who does not have an existing NPS …
Poor – Why Life Insurance Agents will become in India ?
Life Insurance Agents in India will become Poor. Don’t you believe me, then read this entire article to understand why? Just before I have stopped my career as Life Insurance Agent 8 years back in LIC Of India, I had seen a hoarding at a famous junction in my City. Hoarding had the following Catchy Head Line. ” Become a Lic Agent” to earn income in lakhs“. In addition, The Hoarding stated that the retired employees, housewives, teachers, and fresh graduates, etc can become a part/full-time Lic Agents to earn huge money as per their need. Moreover, That Hoarding …
