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Pradhan Mantri Vaya Vandana Yojana (PMVVY) – LIC Senior Citizen 8% Assured Pension Scheme Review – Should you invest?

Last updated : 25th March, 2018 LIC or Life Insurance Corporation operates the government’s 8% pension scheme for senior citizens, which is called Pradhan Mantri Vaya Vandana Yojana (PMVVY).  It is a pension scheme meant for senior citizens, offers a guaranteed interest rate of 8%. Minimum Age of Entry: 60 years Maximum Age: No Limit Key Features of this scheme  (LIC Plan No, 842   UIN – 512G311V01) Assured return of 8% per annum payable monthly (equivalent to 8.30% per annum) for 10 years Duration – 10 years Can be purchased online or offline Maximum Investment amount is Rs 15 lacs ... Read More »

Best ELSS Tax Saving Mutual funds to invest in 2018 – Top Performing

Last updated : 27th January, 2018 Equity Linked Savings Scheme (ELSS) Mutual Funds are one of the popular 80C tax saving options for savvy investors. Quick Overview of ELSS Funds ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. There is a lock in period of 3 years from the date of investment. You can remain invested even after 3 years and can withdraw anytime after that lockin. Returns are based on returns from Equity Markets.  Returns from ELSS Schemes are tax free. Based on previous returns, some of the funds has ... Read More »

Best Equity Mutual Funds to Invest in 2018 – Top Performing Mutual Funds

Last updated : 26th January, 2018 If you are looking at this post, then you must be interested in knowing more about best performing Equity mutual funds. Based on your risk profile, you should allocate a portion of your investment amount into Equities. Mutual funds is the best route for retail investors to invest in Equities.  For accumulating sizable corpus in the long run, you should invest in GROWTH option of the mutual funds. It is also better to invest via SIP option (systematic investment plan i.e. periodic investment). Based on the historic performance, please see below the list of ... Read More »

SBI Savings Plus Account with MOD High Interest Scheme – Details & Review

Last updated : 19th January, 2018 In one of my earlier post, I did explain how you can earn upto 9% interest on your Savings account. (Read the post here). Many members asked me about whether such facility available with SBI. So in this post, I am providing details regarding Sweep-in facility in SBI and how can you earn more from your idle Saving Account balance. Savings Plus Account is a Savings Bank Account linked to MODS (Multi Option Deposit Scheme), wherein you can earn high interest from your idle funds in Savings Account. Sweepin Facility – The surplus funds ... Read More »

Inv-IT – Meaning, Details & Review (Infrastructure Investment Trusts)

Last updated : 13th September, 2017 If you are wondering what is Inv-IT or what is the meaning of Inv-IT, then this post should clarify some of these things: What are Inv-IT (Infrastructure Investment Trusts)? Infrastructure Investment Trusts (InvITs) are similar to mutual fund companies that allow pooling the infrastructure projects into separate trust and allow investors to invest in the units of InvITs. Investors will get the portion of income from such infrastructure assets. Regulations InvITs are regulatedby SEBI in India. SEBI notified SEBI (Infrastructure Investment Trusts) Regulations, 2014 on September 26, 2014, providing for registration and regulation of ... Read More »

List of Banks authorised for PPF Account

Last updated : 20th November, 2016 In my last post, I explained the features & benefits of PPF Account. Read More In the past you could have open PPF Account with Post office or State Bank of India or few other PSU banks. But now, there are may banks which are authorised to open PPF account. So ,  you can open or transfer PPF account to your nearest bank. Note that only designated branches of these banks are authorised to open PPF Account ( not all branches), so it is better to check with the Branch first. List of Banks ... Read More »

How to activate or check PF UAN status online

Last updated : 15th March, 2017 In this post, I will explain how can you get your EPF Universal Account Number (UAN) online and how to check or activate or register your UAN and how to check the UAN status online. Also, I will explain how to check the PF Balance online using UAN.   In Dec 2016, EPFO has also launched a new unified portal where you can get PF passbook, check KYC, UAN Card etc – read my post.  Mar 2017 – PFRDA has now notified process to transfer EPF to NPS (New Pension Scheme) – Read my ... Read More »

How to transfer PPF account from one post office to another?

Last updated : 19th September, 2016 If you have PPF account in one post office and want to transfer it to another post office, then this post will be useful for you. Many people relocate to different cities because of new jobs, transfer etc.  They may have PPF account in post office in other cities and it is difficult for them to maintain those PPF Account.  So the best option is to get your PPF account transferred to your current city to your nearest post office. The process of PPF transfer is simple as below: 1) Fill in Form SB ... Read More »

Arbitrage Funds – Should you invest in it ? – Details & Review

Last updated : 18th April, 2017 Arbitrage Funds, as the name suggests, funds which make money from Arbitrage opportunities. Many investors are not familiar with this type of Mutual Funds. They normally know Equity Funds, Debt Funds etc and think Arbitrage Funds are just other fancy schemes under Equity Funds. However this is not the case. Arbitrage Funds Definition / Meaning “Arbitrage” means – The simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. Actually Arbitrage Funds are niche category of ... Read More »

10% Edelweiss Housing Finance NCD Issue July 2016 – Details & Review

Last updated : 6th July, 2016 Edelweiss Housing Finance Limited (EHFL) is opening its first public issue of NCDs on 8th July 2016 &  it closes on 27th July 2016. This NCD issue is offering  yield upto 10% and have 7  different investment options. In this post, I am trying to put details around how good Edelweiss Housing Finance NCD is ? What are the postive and negative factors of Edelweiss Housing Finance NCD? Who should invest in Edelweiss Housing Finance NCD?   Key Features of Edelweiss Housing Finance NCD NCD Issue Open: 8th July 2016 NCD Issue Closing date: 22nd ... Read More »

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