Fixed deposit comes first to the mind, when we are talking about reliable and safe investment options. In India, fixed deposits have been a favorite of the investors due to reliability of the return and the fact that it can be easily opened in any bank or post office and provides better returns than savings account. In this post, we have a look at fixed deposit interest rates in various banks across India
PPF (Public provident fund) holds an iconic status as far as saving/investment options are concerned but in recent years interest rates on PPF investments have been declining steadily latest interest rates on PPF is 7.9 % for Q1 2017-2018. Interest rates on PPF now trail yields on government securities and hence will always stay in line with interest rates on other saving rates in market.
The graph below shows how interest rates have moved for your
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS) is an open-ended equity mutual fund plan. Explaining ELSS in simple words would be that it is an investment alternative in the equity market which has its mainstream of the corpus invested in the Equity block in its portfolio. At the outset, ELSS is a category of Mutual Fund, especially recommended to the new-bee investors of the stock market who
Equity Link Savings Scheme is a kind of equity mutual fund that qualifies for tax exemption under section 80C of Income Tax. This post discusses various ELSS options that investors have for investing.
- ELSS has the lock-in period of 3 years which is lowest among other options available like PPF or tax saving fixed deposit or national saving certificate.
- The returns in ELSS is comparatively higher as compared to other tax
Equity link schemes are mutual fund schemes that qualify for tax saving investment under the limit of Rs.1.5 Lakh under section 80 C of Income tax and is considered as one of the best ways to utilise their investment limit by not only saving tax but also through achieving their financial goals. This blog looks into ELSS lock in period for the
Risk is the main quotient in Investment World. A favorable risk-reward balance attracts most of the investment from the public. As investing in large cap, Midcap, small cap, multi-cap has different degrees of risk involved in it, people tend to give a second thought before investing. Investing in Balanced funds reduces the risk of downside to the fund to some extent as it has a good composition of Fixed income securities and equity. The fund’s
Diversification of a portfolio is a method of minimising losses and increasing prospect for future growth. Diversified equity Mutual Fund is also of same nature (Less volatility than Mid cap and small cap funds and High Return). It invests across companies, sector of different market capitalisation. Investing in the large cap is considered to be a low-risk and high return investment as it invests in the proven business model and good companies whereas investing in
Atal Pension Yojana(APY)
ATAL PENSION YOJANA (APY) is a scheme provided by Indian government to help the weaker section (unorganised section) to enjoy the retirement benefits and pension schemes. It’s always very difficult for the weaker section to meet their needs and thus to help the weaker section to save and help to sustain during their retirement age, the government introduced APY scheme with lower contribution rate and better return. This post provides an overview of
There are different wealth creation and tax saving options available for retail investor in India like PF, PPF, life insurance plans, ELSS, ULIPs and many more. A sensible investor will always invest in an option that gives him overall benefit of appreciation of value, protection of wealth, savings of tax and strategic flexibility. This blog intends to present an opinion on ELSS vs PPF vs ULIP.
When it comes to tax saving people are always
Small cap and Mid cap funds are known for their good stead of returns over a long term period. The real value unlocking happens in the small and mid-cap sector. It involves risk and patience for the fund to grow as against large cap which is known for their less risk and growth strategy. As the economy and companies grow over time, a well-managed small company with strong business model converts itself into a big