NPS (National Pension Scheme) is one of the very popular Pension oriented products in India. As on 31st October 2019, NPS has around 1.29 Crore subscribers with total Assets under Management (AUM) of more than Rs. 3.74 lakh crore. NPS was started in 2004 for govt sector employees and which was later opened to all citizens for […]
Latest in Personal Finance
Aftermath of ‘Karvy Stock Broking mess’, are your Mutual Fund investments safe?
We are all aware of the fact that ‘mutual funds are subject to various market risks‘. This is because there is no way to predict what will happen in the future (or) whether a given asset will increase or decrease in value. Because the market cannot be accurately predicted or completely controlled, no investment is 100% risk-free. As a mutual […]
ICICI Prudential Precious Life (new) Term Insurance Plan | Life Cover to Individuals With Health Conditions
If death is certain, can insurance be optional? If life is unpredictable, insurance can’t be optional. As an earning member of a family, having adequate life insurance cover is a must. That’s the basic building block of Financial Planning Pyramid. Term Insurance plans are typically focused on providing life cover to individuals who are healthy. But, […]
15 Q&As on Fixed Deposit Interest Income Taxation Rules (FY 2019-20)
Fixed Deposits and Recurring Deposits are the most popular financial saving tools in India. It is not an exaggeration to say that most of us might have started the investment plan with an investment in Post office RD or bank Fixed Deposit (FD). The below table gives you an idea about the total outstanding amount (as […]
Enhanced Health Insurance Benefits – IRDA’s latest Guidelines
The IRDAI has recently issued a circular related to the health insurance products. This circular can be a great news for existing health insurance policyholders and future buyers, and may significantly enhance the benefits provided under a Health Insurance plan. When it comes to health insurance, there is no one-size fits-all plan that you can rely […]
How to buy Gold at lesser price than the prevailing Market Price?
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” – Gerald M. Loeb. Besides commercial value, traditionally we (Indians) like to buy and hold the investments in Gold. We now have different ways to buy and invest in Gold namely ; Jewelry, Gold Coins, Gold bars, Gold […]