When should one buy a life cover?

When should one buy a life cover?

Have you bought life insurance yet? If yes, that sounds wonderful. You have made the best decision of your life. But why did you get it? Did you buy the policy because you were told it is the best thing one should do or something one should get early? Or was it the tax savings part that persuaded you? If not any of them, was it the “returns”? I hope your decision was not based on “returns” or tax savings. Life insurance is not and shouldn’t be bought for those reasons ever. In this piece, we shall see why you …

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Three Investment Tips for Young People

Investment Guide

With the increasing reach and volume of information readily available online, it isn’t very hard for youngsters to keep pace with the various investment opportunities available in the market. And even with the uninitiated, a general awareness of the benefits of investing or keeping a part of income aside is likely to be found. Contrary to popular belief, investing isn’t just about how many times you multiply your wealth or the colossal returns you are able to generate. Those are important considerations for any investor, but your investing experience is most likely to improve if you invest in yourself, understand debt better, …

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All about InvITs and How They Work

Nischay Avichal InvITs, short for Infrastructure Investment Trusts, are pooled investment vehicles which own, operate or invest in real infrastructure assets like power plants, roads, transmission lines, pipelines etc. This investment route has opened up investor choice to invest in infrastructure projects for the better, which had earlier been primarily through investing in shares of companies engaged in the business of developing and maintaining infrastructure or through routes such as mutual funds. InvITs are also beneficial for infrastructure companies as it helps them raise extensive capital without incurring large debts and have various tax benefits due to the trust structure. …

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How Sukanya Samriddhi Yojana can help you invest for your daughter’s education meaningfully.

Nischay Avichal Are you saving enough for the expenses you will eventually bear for your child? Do you find yourself financially prepared? Child education expenses form a substantial part of a family’s budget. Financial planning has become crucial thanks to the steep rise in education inflation. And the truth isn’t hidden from anyone; the sooner you get started with investments, the better your preparedness. But how can one do this, and more importantly, how does one begin to invest? In this blog, we will talk about one of the most suitable investments avenues that can be considered when saving for …

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Understanding Auto and Active Investment Choice in NPS. Which one should you go for?

Nischay Avichal Retirement planning is an indispensable step for everyone, and the sooner it is planned, the merrier the outcome. Planning early will help you start small and get the maximum benefit of the all-good compounding. Planning your retirement the right way and accumulating a suitable corpus is vital, ultimately deciding your preparedness to retire comfortably. When it comes to retirement, the two primary choices for most of the employed workforce are the Employee Provident Fund (EPF) and the National Pension System (NPS). Although the former is available only for the formally employed workforce, NPS is open to all Indian …

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Guaranteed Pension for the next 10 years – Why this Government Scheme should be on your checklist.

Nischay Avichal The comfort of your golden years isn’t quite complete without a source of regular guaranteed income. After all, both complement each other very well. Therefore, the need to look for safer and regulated products that assure regular inflow during retirement. With the SCSS being the prevalent choice for retirees in India, the Government launched a new pension scheme for retirees way back in 2016– the Pradhan Mantri Vaya Vandana Yojana. In this blog, we will look at the features, eligibility, returns, and other aspects of this scheme. What is PMVVY? Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension …

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Gilt Funds or Dynamic Bond Funds – Where to Invest Now?

Before we begin, let’s understand the basic concept of Gilt (or Government bond funds) and Dynamic Bond Funds. Gilt Fund – A Gilt fund invests at least 80% of its portfolio in Government bonds. Government issues Securities for medium to long-term maturity periods. These funds typically have an average maturity of 3-5 years and thus are very prone to interest rate risk– the risk that arises due to changes in market interest rates. Funds maintaining a higher duration are more volatile due to high sensitivity to changes in interest rates over a short period. However, you may expect decent returns …

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Senior Citizen Savings Scheme and five things you should know

Nischay Avichal Into their retirement, a safe and trustworthy investment is what most retirees rely on. The amount of risk they can afford to take with their life-long savings is minimal, and rightly so. Taking on risks you are not required to isn’t a prudent decision. A more rational approach to investing should be to weigh your risks and not take unnecessary risks when you can afford to. The crucial objective for retirement portfolios is primarily income generation with minimal risk. That is why SCSS is one of the viable investment options for retirees. In this blog, we discuss five …

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Budget in Focus

Budget in Focus

Government to loose purse string to spur growth  Union finance minister Nirmala Sitharaman will probably listen to the renowned British economist John Maynard Keynes while presenting her budget on Monday amidst Covid crisis. In his famous prescription to overcome the Great Depression in the 1930s, Keynes highly advocated for government intervention through public spending because, he argued, private investments cannot be counted upon when there is deep recession and gloom around. According to him, only the government in this situation can revive demand, restore stability and confidence by intervention through spending. The World Bank has recently commented that in India …

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An Utterly Butterly Delicious story

Melvyn Pinto There are two mascots in India which are well recognised, appreciated and is a source of great pride.  The Maharajah, was created by Bobby Kooka, the then Commercial Director of Air India, and Umesh Rao, an artist with J. Walter Thompson Limited in 1946 and Air India adopted the Maharajah as its mascot the same year.  In 1966, Sylvester da Cunha, the then Managing Director of the advertising agency Advertising and Sales Promotion (ASP) was hired to design an ad campaign for Amul Butter. Along with his Art Director, Eustace Fernandez they decided to create something that would …

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Tata Steel – A century old and getting even stronger

Satarupa Dutta (Data: Debraj Guha Thakurta) A name that is written in golden letters in the history of India’s progress is Jamshedji Tata, the founder of the Tata Group, the biggest conglomerate in India. Tata Iron and Steel Company (TISCO) was founded by him and after his death in 1904, his older son Sir Dorabji Tata established the company on 26th August,1907 in an  area of present-day Bihar (now Jharkhand), That  remote and rugged place is today a huge steel city, known to the whole world as “Jamshedpur. Tata Steel did not stop with just its steel plant at Jamshedpur …

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Safe keeper to the Nation

Melvyn Pinto There is an almost hundred percent probability that a product of this company is in use in every home or commercial establishment in our country, every day!  Godrej touches the lives of millions of Indians every day. To them, it is a symbol of enduring ideals in a changing world  It all began in a tiny shed in Central Mumbai where a young Ardeshir Godrej gave up law and turned to lock-making, manufacturing high security Anchor brand locks on 7th May 1897.  Just three years after venturing into the safes business, HRH the Princess of Wales opted for …

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