Provident Funds (PF) PF stands for Provident Fund, a mandatory savings scheme in India for employees and employers. It aims at ensuring financial security for employees after their retirement. It also includes contributions from both the employee and employer towards a dedicated provident fund account. Overview of the Public Provident Fund: Purpose:The primary goal of… Read More »
CTC meaning, component CTC meaning, component: CTC stands for “Cost to Company.” It refers to the total amount of money a company spends on an employee annually, encompassing not just the salary but also various allowances, bonuses, benefits, and perks provided to the employee as part of their compensation package. Component of CTC :… Read More »
Understanding Systematic Investment Plans (SIP) in India: Introduction: In recent years, Systematic Investment Plans (SIP) have gained immense popularity among Indian investors as a disciplined and convenient way to invest in mutual funds. SIPs offer a systematic approach to wealth creation by allowing investors to regularly invest a fixed amount in mutual funds, regardless of… Read More »
1. Today’s Crude Oil Price Analysis i. Introduction: Welcome to our daily exploration of the volatile seas of the global energy market. In this blog post, we’ll dive into the latest developments and trends shaping today’s crude oil prices. As of today, let’s unravel the factors influencing the rise and fall of this essential commodity.… Read More »
Today’s Silver Price Investing in silver in India can be an attractive option for individuals looking to diversify their investment portfolio. Silver, often considered a precious metal alongside gold, offers various investment avenues. 1. Forms of Silver Investment: a). Physical Silver: Investors can purchase physical silver in the form of coins, bars, or jewelry. These… Read More »
Sensex 1. Overview of India’s Premier Stock Market Index: i. Introduction: The Bombay Stock Exchange (BSE) Sensitive Index, popularly known as the Sensex, is a barometer that reflects the health of the Indian stock market. As one of the most widely tracked and reported stock market indices in India, the Sensex plays a pivotal role… Read More »
Today’s Gold Price Factors influencing gold prices and how they are determined: 1. Supply and Demand: Gold prices fluctuate in response to the interplay between supply and demand Like any commodity. Increased demand or decreased supply can drive prices higher, and vice versa. 2. Inflation: Gold is frequently regarded as a safeguard against inflation. When… Read More »
National Pension System (NPS) The National Pension System (NPS) is a government-sponsored pension scheme in India, launched on January 1, 2004, to provide retirement income to all citizens. It is operated by the Pension Fund Regulatory and Development Authority (PFRDA). The NPS aims to provide old-age income security by allowing individuals to contribute to a… Read More »
Gold Bonds Gold Bonds Investment: A Definitive Guide Introduction: In today’s volatile economic landscape, investors are constantly seeking avenues for stable and secure investments. Among the plethora of options available, gold has maintained its allure as a safe-haven asset. In recent years, the introduction of Gold Bonds by the Government of India has provided investors… Read More »
Equity Linked Savings Scheme (ELSS) ELSS is a type of mutual fund scheme which invests primarily in equities, providing potential for higher returns over the long term. Equity Linked Savings Scheme offers tax benefits under Section 80C of the Income Tax Act, 1961 in India. Features of ELSS: Tax Benefits: ELSS investments qualify for tax… Read More »
