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What is a premature closing process of the PPF account? How to make a partial withdrawal
Public Provident Fund (PPF) savings scheme is a better investment instrument that gives investors a chance to make money on long term investments. Interest on PPF schemes is paid by the government every quarter. The interest rate on PPF was fixed at 7.1% from April 1...
What is Mutual Fund, and how it works? Types and investment scheme of it
Everyone saves money for their future and wants to invest that money so that their money or property will increase over time. Mutual Funds are a very good way for those who are afraid of the risk of Share Market and the finance market. Many people don't know much...
Benefits and risks of investing money in Mutual Funds
Benefits of Investing in Mutual Funds: The acquisition of riskless income for any investor is his first and for-the-main objective. In such a way, someone should be aware of the following benefits for investing in the Funds Mutual Fund: Management of experts:...
What is SIP, and how it works? Is it safe to invest in SIP?
What is SIP? SIP means a systematic investment plan - it is a way to systematically invest in Mutual Funds. Under the Investment Plan, you continuously invest in a Fixed Installment mutual fund every month. Simply put, it is like a recurring deposit scheme...
Tips and tricks on how to do financial planning to face the pandemic crisis
The Covid-19 pandemic has brought a bit of a pause in the world. Probably, this is one of the biggest crises in the last 75 years. However, continuous efforts are on to deal with the epidemic. Moreover, to deal with this difficult time, we have to prepare for the time...
What is corporate FD? Know here Benefits of it
Since last year, the rate of interest paid by leading banks on fixed deposits declined by about two percent. This is reducing the attractiveness of investors towards FD. In such a situation, the experts recommend investing in corporate fixed deposits. What is...
Gold Investment planning: Know here tips to get maximum return
Global production has been declining steadily, with the Covid-19 epidemic disrupting global markets. After that, the returns from most of the asset classes have gone down. Investors concerned by the market scenario are turning to gold, which always emerges as a...
What is the sovereign gold bonds scheme and how to invest in this scheme
There is a good chance for those who want to invest in gold. The government is giving people a chance to buy gold cheaply. Investors can invest in gold under the Sovereign Gold Bonds Scheme. The scheme is getting an opportunity to invest in gold from 31st August. This...
What is the SBI Reinvestment Plan? What are the benefits of this FD?
The State Bank of India (SBI) offers a type of fixed deposit (FD) called the reinvestment plan, where interest is paid only at the time of maturity. The regular interest is added to the principal, and the compound interest is calculated and paid. It is not like a...