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Pradhan Mantri Vaya Vandana Yojana Pension Scheme

Pradhan Mantri Vaya Vandana Yojana Pension Scheme – PMVVY

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme available for senior citizens. The Indian Government launched a pension scheme and it can be taken from 4 May 2017 to 31 March 2020. In the 2018-2019 Budget Speech, the Government of India increased the maximum limit to Rs.15 lakh under the Pradhan Mantri Vaya Read more about Pradhan Mantri Vaya Vandana Yojana Pension Scheme – PMVVY[…]

PPF

New PPF rules: Five changes you should be aware of

The government recently announced many changes in PPF rules for benefit of account holders New PPF rules relate to deposits, loans and premature withdrawal The government recently notified new rules for public provident funds or PPF accounts for the benefit of account holders. PPF is one of the most popular small savings schemes and it offers a Read more about New PPF rules: Five changes you should be aware of[…]

Life insurance policy guidelines set to change from February 1.

New guidelines for unit-linked insurance plans (Ulips) and traditional life insurance policies will come into effect from February 1, 2020 The Insurance Regulatory and Development Authority of India, (IRDAI), has instructed insurers to make changes in Ulips and traditional life insurance policies. Some of these changes include: Time period within which a policy can be Read more about Life insurance policy guidelines set to change from February 1.[…]

SIP

How a monthly SIP of Rs 5,000 fared over the last 15 years?

SIP Investment Rs 5000 Per Month It is often said that one should invest in equities and equity-oriented investments such as equity mutual funds with a long term horizon. While there is no guarantee for a positive return in the equity asset class, an analysis by CRISIL shows that the risk of getting negative returns Read more about How a monthly SIP of Rs 5,000 fared over the last 15 years?[…]

LIC’s annual bonuses

How LIC’s bonuses work

LIC’s annual bonuses come out of the valuation surpluses in policyholders’ funds. They are not guaranteed They are simple additions to your account and don’t compound. They are not comparable to other kinds of returns because they are calculated on your Sum Assured and not Premiums paid. Strongly refuting social media rumors that it was Read more about How LIC’s bonuses work[…]

5 Most Common Personal Finance Mistakes

5 Most Common Personal Financial Mistakes

For better or worse, money is a big part of most people’s lives and it’s easy to get caught up in financial mistakes that will hurt you in the long run if you’re not careful. Certain financial mistakes can wreak havoc on your financial future, leaving both you and your loved ones under the shadow Read more about 5 Most Common Personal Financial Mistakes[…]

Fixed Rates vs Floating Rates

Will Linking Floating rate Loans to External Benchmark really cut interest rates to your Home Loan or Car Loan?

RBI today announced that from 1st Oct 2019, all floating rate loans to individuals should be linked to an external benchmark. We will try to decode what this actually means: What is floating and fixed rate loans? In Floating rate loans are where the interest you pay to the bank changes over the tenor of Read more about Will Linking Floating rate Loans to External Benchmark really cut interest rates to your Home Loan or Car Loan?[…]

Motor Vehicle Act 2019

Motor Vehicle Act 2019 – How Will It Change The Way You Travel?

Earlier this month, the Motor Vehicles (Amendment) Bill 2019 was passed to update the existing rules and fines to make Indian roads safer. The bill, which will replace the 30-year old law, aims to overhaul the country’s transportation laws by addressing crucial issues such as Road safety Reducing deaths due to road accidents Imposing stiffer Read more about Motor Vehicle Act 2019 – How Will It Change The Way You Travel?[…]

Tata Capital NCD

Tata Capital Financial Services Limited NCD

Tata Capital Financial Services Ltd is coming with the 2nd tranche of public issue of secured, redeemable non-convertible debentures of face value of Rs 1,000 each, up to Rs 2997.9 crore and Unsecured, Subordinated, Redeemable, Non-Convertible Debentures of face value of Rs 1,000 each (“Unsecured NCDs”) up to Rs 1128.1 crore aggregating upto Rs 4126 Read more about Tata Capital Financial Services Limited NCD[…]

IMPACT OF NEW SEBI NORMS ON DEBT FUNDS

Impact of new SEBI norms on debt funds

By doing away with amortization, liquid fund returns will be more volatile and other measures will bring down overall returns. In its board meeting today, Securities and Exchange Board of India (SEBI) accepted the new valuation norms for debt mutual funds proposed by Mutual Fund Advisory Committee. Here are some of the major changes on Read more about Impact of new SEBI norms on debt funds[…]