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The Public Provident Fund, also known as PPF, is one of the most popular investment options among service-class people in India. There are many reasons behind its popularity, as the return you get on your investment is guaranteed, you get tax benefits on the amount invested, and whatever return you get on this investment remains
Fixed deposits (FDs) are regarded as one of the safest ways to invest one’s hard-earned money in India. FDs offer significant returns in addition to being simple to get started with. Investing in an Fixed Deposit is one of the best solutions if one’s top priority is to save money to fulfill their financial goals
The Central Government’s National Pension Scheme is a program for social security. Employees from the public, private, and even unorganized sectors, except those in the armed forces, are eligible for this pension system. The program encourages participants to contribute to a pension account regularly while they are still employed. A specific portion of the corpus
The pursuit of improved investment opportunities is constant among investors. Market alternatives range from hedge funds to Systematic Withdrawal Plans (SWP), unit-linked insurance plans (ULIP), equity-linked savings schemes (ELSS), and many others. Read: What is TREPS in Mutual Funds? Read: How to Withdraw Mutual Funds Before The Locking Period The most well-known, however, are Systematic
Equity-Linked Savings Schemes (ELSS) fall under Section 80C of the Income Tax Act of 1961, which permits an individual or HUF to deduct up to Rs. 1.5 lacs from their gross income. According to the guidelines of Section 80C of the Income Tax Act of 1961, an ELSS fund or an equity-linked savings scheme is
The Employees’ Provident Fund was established under the Miscellaneous Provisions Act, 1952 (“Act”), which is applicable throughout India. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, governs the Employees’ Provident Fund Scheme (EPFS). It is a long-term retirement savings plan that is managed by the EPFO. Read: What is a Systematic Investment Plan (SIP)?
What is Digital Loan? In India, financial technology, or fintech, is frequently touted as a potent instrument for fostering financial inclusion. The financial technology (fintech) advances that have completely changed how loans are obtained and disbursed are to be credited for the recent boom in the popularity of the banking, financial services, and insurance industries.
SIP is like a tool or an investment strategy. The abbreviation SIP means Systematic Investment Plan. SIP is a method to invest in mutual funds, whereas mutual funds are an investment product or vehicle. SIPs, or Systematic Investment Plans, are a type of mutual fund investment. That’s why a Systematic Investment Plan, known as a
Money management is not a skill that comes naturally to everyone. It is acquired through firsthand experience and observation. Teaching children to save is a key first step in helping them understand the significance of financial literacy and how to manage money. Read: How to Claim Life Insurance Policy? It shouldn’t, however, end there. Despite
What is TREPS in Mutual Funds? Financial institutions, banks, mutual funds, etc. borrow and lend money without taking any risks in exchange for government-issued securities through Tri-party Repos (TREPs). A tri-party lending system called TREPs was introduced on November 5, 2018, and it consists of a borrower, a lender, and a tri-party agent. The tri-party
