In the financial world, the compound interest works for those people who start saving early as their 20s. Wealth creation is a complex process, but taking the right steps will help you go the distance. Check out these steps to get rich before you retire!
Post Offices offer nine saving schemes, including term deposits and public provident funds, which offer interest rates between 4 percent to 8.3 percent.
A long-term investment plan requires planning and informed decision making, be it stocks, mutual funds, National Pension Scheme (NPS), etc. Whatever be the case, you need to plan differently for the situation while setting the short and long-term goals.
Financial planning, in simple terms, gives you a bird’s eye view of your financial journey and lays down a systematic approach to step up the ladder towards your future goals.
In an emerging economy wherein the inflation rate is growing by 6%, investing money in traditional saving schemes is a sub-optimal strategy. As inflation is eating the returns accrued from the investments made in varied asset classes. If the returns are less than the inflation rate, then you should revisit the investment strategy and consult a financial advisor.
The benchmark yield on 10 year government securities on an upswing. The government securities (G-sec) have already crossed the 8 per cent mark, raising the interest rates higher in the economy. In the past 2 years, the G-sec rates have moved up 2 percentage points. In a rising interest rate scenario, fixed income investors are spoilt for choice.
Feeling worried about the rise in your home loan rate? There’s a silver lining. The government has revised the small savings schemes interest rates w.e.f. 1 October, 2018. The interest rates of PPF, NSC, and other small saving schemes have been revised and matched up to FD’s interest offered by various PSUs and private banks. The move is aimed at matching the rising interest rates in the banking sector. Interest rates are revised on a quarterly basis.
Several macro factors such as political or economic have a deep impact on your investments both positive and negative. As a result, investors make wrong decisions in mutual funds that may result in negative returns.
Fixed deposits vary depending on banks, tenures, etc. As the stock market turns volatile, the banks are increasing their fixed deposit (FD) interest rates for some time. Additionally, the RBI has begun hiking the interest rates, which is a good news for fixed investors who are looking to park their funds in fixed deposits and take advantage of this regime.
More than 90% of the investors spend their energies on market timing and stock selection and do not focus on asset allocation, which can align their financial goals. Hence, appropriate asset allocation is the need of the hour.
Retirement planning in India is the art of managing your short-and-long term finances both during the working years and retired life. It involved an in-depth analysis of your current expenses, financial position, and future cash flows in order to develop a complete roadmap.
Recurring deposit (RD) are like term deposits offered by bank and post office across the country, with a fixed amount deposited periodically. It is one of the safest investment options for risk-averse investors.
The new financial year 2019-20 is just around the corner. Many investors are still wondering how and where to invest the money or which investment avenues can yield good returns in 2019.
The interest rate on time deposits issued by Post Office has been increased by 10 basis points (bps) from January – March 2019 while other schemes including Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Recurring Deposit (RD), etc. have been kept unchanged.
By the end of 2018, the Nifty50 has delivered a return of a mere 3.5% while the mid-cap and small-cap index has lost 15.45% and 28.59%, respectively.
With the budget almost here, everybody is beginning to wonder what the FM plans for the nation this year. Here is what is expected this fiscal year.
Non-convertible debentures (NCDs) range from 2-10 years and offer high-interest rates than traditional banks.