The introduction of Systematic Investment Plan (SIP) in the mutual fund is regarded as one the major breakthrough in the sector. It has helped to attract a new class of investors in the sector who were not comfortable to invest a lump sum at a time. SIP in mutual fund first was launched on December 4, 2010, through BSE Star MF platform. Today, it has around 1.52 crore active SIP accounts that have contributed Rs 43,921
Posts in Category: financial planning
- We live in a country where the state provided social security is almost zero.
- Unlike our parents, most of us
Sukanya Samriddhi Yojana is a govt scheme for the girl Child however very few people know that sukanya samriddhi account can be opened in post office as well. We discus about Post office Sukanya Samriddhi Yojana Scheme Details, how to open an account and tax benefits in this blog.
Gender discrimination is one of the grave problems we all face in India. In India where education of male child is given priority and where wedding expense
Post Offices have helped many citizens develop investment habits. In this blog post, we look specifically at the post office schemes for a boy child. We will specifically discuss ‘Ponmagan Podhuvaippu Nidhi’ and how other post schemes can be used for the boy child.
Indian Post offices have existed for a very long period. The post office has been the oldest organization which has helped the Indian citizen to cultivate and nurture the saving and investment
What is SIP?
A systematic investment plan (SIP) is a small and easy plan offered to interested mutual fund investors. SIP scheme is very much similar to recurring deposit scheme wherein an investor invests small amount of money on regular basis. The underlying instrument in SIP is mutual fund though unlike RD. The SIP scheme helps an individual investor to invest under in the Mutual Fund scheme in instalment instead of a lump sum of amount. This post
A Systematic Investment Plan (SIP) is a small and easy plan offered to interested mutual fund investors. SIP scheme is very much similar to recurring deposit scheme wherein an investor invests small amount of money on regular basis. The SIP scheme helps an individual investor to invest under in the Mutual Fund scheme in instalment instead of a lump sum of amount. In this blog SIP vs PPF we compare SIP and PPF with regards to
National Pension is one of the popular tax-saving schemes. In this post we look at various NPS Calculator and how NPS calculators work.
National Pension scheme calculator works on the below few factors:
- Amount of contribution made
- Rate of return as prescribed by government for that given period of time.
So we will discuss now how each of these factors affect NPS calculation.
- Age of the interested investor: Any contribution made under NPS scheme can be withdrawn only when the
SIP is a way to invest into ELSS or other mutual funds in a recurring way. In this post we look at various aspects of investing into ELSS via SIP mode.
A systematic investment plan (SIP) is a small and easy method to invest one’s money in mutual fund schemes. SIP is very much similar to recurring deposit scheme wherein an investor invests small amount of money on regular basis. The SIP scheme helps an individual investor to
Recurring Deposit (RD) is a special kind of term deposit account offered by the banks operating India. Under this account scheme an individual can deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate defined by the RBI for the period of deposits.This is a very popular saving scheme for salaried employees with limited income source. Post office also offers Post Office Recurring Deposit Scheme and we will
Post Office Monthly Income Scheme (POMIS) is an investment option that ensures that the investor would receive guaranteed monthly payment based on the investment amount made. MIS is said to be one of the safest options to invest funds.
The prominent features of every MIS are:
- Under the MIS scheme the capital invested remains intact with no risk attached for non-return.
- Under MIS scheme the investor is to receive ensured amount of monthly return.
- The return rates are comparatively