We talk about the best investments to grow your wealth over time.
You can read about investing in stocks, bonds, real estate and mutual funds.
ELSS mutual funds are equity linked saving schemes which are eligible for tax deduction under section 80C of income tax act. You can invest in the ELSS funds and claim a deduction of up to 1.5 lakh under section 80C. ELSS funds offer better returns as compared to other tax-saving investments like PPF, NSC, or …
How to Invest in ELSS in India 2020: A Beginner Guide Read More »
Earlier investment in gold has been made in the form of jewelry or coins but now you can invest in gold in India with different investment options. You can invest in gold even without keeping the physical form of gold which cut down the gold selling charges. I have taken physical as well as digital …
Gold investment in India: How to invest, Options & benefits Read More »
What is VPF Voluntary Provident Fund (VPF) is an extension of the Employees Provident Fund (EPF) in which you can control the periodic contributions to the account. VPF is attached to your EPF account, so you don’t need to start a separate account. In EPF, an employee can contribute up to 12% of his basic …
VPF Interest Rate: Voluntary Provident Fund Interest Rate 2020 Read More »
Rakesh Jhunjhunwala is also referred as “Indian’s Own Warren Buffet”, is one of the top stock investors in India. He is the 48th richest person in India according to Forbes Rich List Rakesh is a chartered accountant but decided to take stock investment as a full-time work. In 1985, Jhunjhunwala invested Rs 5,000 as initial …
Senior Citizen Savings Scheme (SCSS) is a government-backed scheme focused on senior citizens to provide them a secure and steady income during their post-retirement period. You can apply for the SCSS scheme at your nearest post office or any nationalized bank. SCSS was one of the most lucrative savings schemes but from April 1, 2020, …
SCSS Interest Rate: Senior Citizen Savings Scheme 2020 Read More »
GPF is a General Provident Fund started by the government to help public sector employees save money for their retirement purpose. Government has recently slashed GPF interest rates to 8 bps. Let’s discuss GPF interest rates in detail. Current GPF Interest rate 2020-21 Current revised GPF interest rates are 7.1% for the first quarter with …
GPF Interest Rate 2020: General Provident Fund Interest Rate Read More »
Recurring deposits are the best way to start a habit of saving money on a regular monthly basis. You can invest in RDs for a short term goal to save money for an upcoming expense like purchasing a new bike or planning an annual vacation. Let’s have a look at the best RD interest rates …
RD Interest Rates 2020: Compare Recurring Deposit Interest Rates Read More »
Employee’s Provident Fund (EPF) is one of the safest investment instruments backed by the government. EPF is a debt-based investment method designed for salaried persons to encourage them to save for their future needs like child education or marriage and of course retirement. EPF’s tax exemption benefit markets it more investor-friendly. You not only get …
EPF Interest Rates 2020- 21: How to Calculate Interest on EPF Read More »
Made with Love of India