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 »
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 »
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 »
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 »
Rich & Wealthy “Rich” and “wealthy” are often used interchangeably, but they have slightly different connotations: 1. Rich: Being “rich” typically refers to having a high income or substantial assets. A person can become rich through various means, such as a high-paying job, successful business ventures, or inheritance. Being rich usually implies having a significant… 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 »
Asset appreciation Asset appreciation, while assets generally depreciate in value over time due to wear and tear or obsolescence, some assets have the potential to appreciate in value. Appreciation refers to an increase in the value of an asset over time, often influenced by factors such as market conditions, demand, scarcity, and other economic… 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 »