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 »
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 »
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 »
Mutual Funds Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities such as stocks, bonds, money market instruments, and other assets. Overview of Mutual Funds: Structure: Mutual funds are managed by professional fund managers or management companies, who make investment decisions on behalf of the… Read More »
Senior Citizen Schemes In India, various schemes and benefits are available for senior citizens, aimed at providing financial security, healthcare support, and other assistance. Here’s an overview of some key senior citizen schemes in India: Pradhan Mantri Vaya Vandana Yojana (PMVVY): 1. PMVVY is a pension scheme for senior citizens (aged 60 years and above),… Read More »
Recurring Deposit (RD) A recurring deposit (RD) is a type of term deposit offered by banks and financial institutions that allows individuals to save a fixed amount of money regularly over a predetermined period. Features of Recurring Deposits: 1. Regular Savings: RDs are ideal for individuals who want to save a fixed amount of money… Read More »
Public Provident Fund(PPF) The Public Provident Fund (PPF) is a long-term savings and investment scheme introduced by the Indian government. It is one of the most popular and tax-efficient savings options available to Indian residents. Overview of the Public Provident Fund: 1. Purpose: PPF is design to encourage small savings and long-term wealth… Read More »
Fixed Deposit Interest Rate A Fixed Deposit (FD) serves as a financial instrument offered by banks and various financial institutions, enabling individuals to invest a specified amount for a predetermined duration at a fixed interest rate. Fixed Deposits are known for their safety, stability, and guaranteed returns. Key Features of Fixed Deposits: 1. Interest Rates:… Read More »
Post Office MIS 1. Post Office Monthly Income Scheme (POMIS): POMIS is a savings scheme offered by India Post, the postal department of the Government of India. It provides a fixed monthly income to investors who deposit a lump sum amount for a fixed period. 2. Distinctive Benefits of the Post Office Monthly Income Scheme… Read More »
Capital Gain capital gain Introduction: Tax planning plays a crucial role in managing one’s financial affairs and maximizing after-tax income. which arise from the sale of assets such as stocks, real estate, or businesses, are subject to taxation. However, with effective tax planning strategies, individuals and businesses can optimize their capital gains tax liability… Read More »
