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5th May 2023 Started our monthly e-newsletter which provides concise, easy-to-understand insights tailored to our clients to keep them ahead of the curve with the latest news from global markets to emerging sectors. Read: Create a lifelong guaranteed tax-free* income. Invest in Mutual Funds. Start here.
Nashik, 6th February 2023 Appreciation from Bajaj Finance Limited – Fixed Deposits for encouraging guaranteed savings through corporate term deposits FY 22-23 Read: What are Corporate Fixed Deposits and how they are different from regular FDs? Invest in corporate fixed deposits. Start here.
Nashik, 2022 Appreciation from LIC at 962 BM office for helping clients create guaranteed lifetime pensions with one-time investments. Read: How to create a lifelong guaranteed, tax-free* income? Compare and buy Term Insurance. Start here.
A mutual fund redemption request is the request to withdraw units (amount) from your mutual fund investments. Things to consider while submitting a redemption request. Mostly financial needs and sometimes our sentiments (fear) owing to certain market situations drive the redemption request. There are some essential things to keep in mind while submitting a redemption…
Are loans good or bad? I have seldom come across people with a neutral outlook toward a loan. Either they are in for or against availing a loan for whatever reason. But the truth is a loan is neither good nor bad. It becomes a good or bad experience depending on the purpose of the…
The primary idea of life insurance is to make good the financial loss incurred due to the loss of life of the income earner of the family. But can you get a loan against your life insurance policy if in case you need some cash support anytime during the policy period? However, the products offered…
We all have come across advertisements offering consumer loans at flat simple interest rates. Have you ever doubted that the rates they are mentioning could be misleading? Because in the real world of finance, everything is compounding interest and never a simple interest. The story of a simple flat-rate loan Here is an example to…
A famous quotation by American statesman Benjamin Franklin, “… nothing can be said to be certain in this world, except death and taxes”. Not sure about taxes though but one surely cannot avoid death. Talking about life, death, and finances, dying early or living longer which one is a bigger problem? Plan for a longer…
Guarantee of regular income for lifetime We are talking about a life-long guaranteed tax-free income. Think of a time 15 years, 20 years, 25 years, or 30 years from now when you will retire and stop earning an active income but still on the 1st of every month a guaranteed sum of money gets deposited…
Our emotions play a major role in many of the financial decisions we take from time to time. one such decision is whether or not to go for owning a car and if we do buy one, should we buy it on a loan. Financial wisdom says, “don’t buy a car if you don’t need…
A mutual fund is one of the preferred products to invest in the equity market for the possibility to earn substantial returns. Invest in mutual funds for probability of better returns from equity market. But mere investing in mutual funds does not really guarantee higher returns and the creation of wealth. As an investor, you…
We can create a surplus investable amount of up to 62,400 every year by investing 2 lakhs in a combination of NPS and ELSS mutual funds. Let us look at these investment options and how they can help you create a surplus amount to create long term wealth. E.L.S.S. E.L.S.S. (Equity Linked Saving Scheme) are…
How to create a fund of 1 crore. For most of the population, 1 Crore is a magic figure, or if you cannot relate to it, how about the word ‘Crorepati’? still, for many, it might not be such fascinating a number. Whatever it is, no one can deny that a sum of 1 Crore…
LIC’s Jeevan Shiromani Premium plan for HNIs. A policy for high net-worth individuals that combines protection, savings, attractive returns, and medical cover. Benefits of LIC’s Jeevan Shiromani Premium plan for HNIs 1. Survival Benefit: On the life assured surviving to each of the specified durations during the policy term, provided all due premiums have been…
PMVVY – Pradhan Mantri Vaya Vandana Yojana is a government pension Scheme for people aged 60 years and above. Life Insurance Corporation of India is the administrator of PMVVY on behalf of the Government of India. This Scheme is available for sale up to 31st March 2023 Features of the scheme Eligibility Age Citizens of…
LIC’s Cancer Cover is a regular premium payment health insurance plan which provides financial protection in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancers during the policy term. Sum Insured Options The plan offers flexibility to choose the type of Sum Insured at the inception. Option I…
Regular FDs as we know them are fixed deposits offered by Banks and in India, one of the preferred investment options because of being considered a risk-free investment option offering fixed (non-volatile) returns. However, banks are not the only institutions offering such fixed deposits. Many non-banking financial companies (NBFCs) (companies engaged in providing housing loans…
We all have heard the story of the goose laying golden eggs and we know that it can’t be real. But for the sake of this topic assume that you own a hen that lays golden eggs. Now, here, I have a question for you. The hen or the eggs which would you protect first?…
Public Provident Fund PPF is a guaranteed return savings scheme established by the Govt. of India with 15 years maturity period. People who are investing in PPF knows quite well that maximum permissible investment limit in PPF in a financial year is 1.5 Lakhs and that this amount invested is eligible for a tax benefit…
How to choose Debt Mutual Funds. Debt Mutual Funds are a set of schemes that generate income by investing primarily in fixed income instruments like govt and corporate bonds and other money market securities. These are not linked to the equity market and are considered less risky compared to Equity Mutual Funds. Syncing debt mutual…