Invest now India

    Equity Mutual Funds That Have Caused Losses to Investors in the Last One Year Whether it is for short-term savings or long-term wealth creation, mutual fund investment serves a variety of needs. As the stock market has seen good growth in the last five years, mutual funds have also been giving good returns. Due to this, the idea that investing in mutual funds will only bring profits has become widespread. However, data shows that there is a possibility of losses in mutual funds too. A study conducted by ETMutualFunds has revealed that about 61% of equity mutual funds have given losses in the last one year. In particular, those who made lumpsum investments have suffered losses. In this study, 272 equity mutual funds were taken. Out of which, only 167 funds have given profits. Not a single fund has made either profit or loss. On the other hand, about 17 funds have lost more than 10%. Mutual funds that have lost: Samco Flexi Cap Fund has caused the highest loss. This fund has...

We have seen in the previous section about the advantages of term insurance plans. Now let us look at the 10 things to consider while taking term insurance in detail.   1. Term insurance sum assured: The policyholder should plan properly how much term insurance he should take. While planning, it is important to consider various factors like one's current standard of living, income of other family members, future goals, value of their assets, current debt amount etc. If you are confused in choosing the right term insurance coverage amount, you can contact qualified insurance agents and financial advisors. If you take term insurance for ₹2 crore, you will get about Rs. 1.33 lakh per month when you invest it in plans that give an annual return of about 8%. Thus, you should take a policy keeping in mind how much money you can withdraw from the coverage amount. There is a proverb that says, even if an elephant is alive, it is worth a thousand gold, and even if it dies, it is worth a tho...

   “They should create financial security so that their family members can carry the current standard of living. Only proper insurance plans can provide them with such financial security.” In our country, 1.8 crore Indians go abroad in search of job opportunities for their livelihood. Through them, our country gets a huge foreign exchange. From high positions in corporate companies to unorganized workers, many categories work abroad. Indians work in countries in all continents of the world except Antarctica. They are called Non-Resident Indians (NRIs). Financial security of the family..! The reason why they go abroad to work is to get higher salaries than in our country. There are many of them who live abroad due to work, separated from their families. Although a few of them get life insurance benefits in the countries where they work, the reality is that most of them do not get any benefits. Therefore, ensuring the financial security of their families is very important. If th...

  Generally, the investment we make should be able to provide returns that exceed inflation. The average inflation rate in India has been around 6%-7% per year in the past. Inflation may be a little higher for some types of expenses. Especially medical and lifestyle expenses are increasing at the rate of 8%-10% per year. There is no tax exemption on the income earned from savings accounts. If a person's annual income is more than Rs. 12,00,000 and he earns 3% income from his savings account, then 0.9% of it will go towards income tax. He will get only 2.1% as net income. If the annual inflation rate is 7%, he will lose minus 4.9% of his income. Due to this, we recommend not keeping too much money in savings accounts. Investment plans..! Investment plans are plans that provide higher returns than savings. Investment plans are generally of two types. In the first type, there is no risk to capital. For example, bank deposit schemes, debt securities of leading companies, post office sa...

            In order to promote digital money transactions, some new rules are going to come into effect for UPI transactions from August 1. Once upon a time, whether we wanted to give money to someone or withdraw money, we used to stand in banks for hours and make transactions. Later, we made transactions in a few minutes through ATMs and money transfer machines. Now, many UPI apps have come up that allow transactions to be made in seconds. From Nammoor Petik Kadai to big jewelry stores, UPI scanners have come up everywhere. Whether we pick up the phone, scan it, or pay money, people make payments in minutes. Although there are many advantages in such UPI transactions, there are also some challenges. It is in this context that some new rules are going to come into effect from August 1 to promote digital money transactions. Let's see what they are and what kind of benefits this will bring to users. According to the new rules issued by the Nat...

 EPF New Procedure..! Recently, changes have been made in the procedures for withdrawing money from the Employees' Provident Fund, which is the main investment made during retirement. Previously, to withdraw money from the deposit fund for reasons such as buying a plot, building a house, and repaying a home loan installment, the beneficiary had to have been in service for at least 5 years. A maximum of 36 months of investment paid on behalf of the employee and the company can be withdrawn. Currently, only those who have been in service for 3 years can withdraw money for the above reasons. 90% of the money accumulated in the Employees' Provident Fund can be withdrawn. This change has been brought to make the worker's dream of owning a house come true. In addition, for emergencies, a facility to immediately withdraw Rs. 1 lakh from the Employees' Provident Fund through UPI or ATM has also been introduced. However, for a peaceful retirement life, investment in the Employee...

What is Employees' Provident Fund? The central government has made it mandatory for all salaried employees to invest a fixed amount in the Employees' Provident Fund (EPF) according to their income or a fixed amount. This scheme is in force with the social objective of making it mandatory for all employees to contribute money for retirement expenses. In this scheme, 12% of a person's basic salary and gratuity will be deducted as Employees' Provident Fund. Or, taking Rs. 15,000 as the basic salary, 12% of it i.e. Rs. 1,800 will be deducted from the salary as PF. The same amount will be deducted by the company and credited to the employee's account. If a person's basic salary and gratuity are Rs. 30,000, then Rs. 2,500 or Rs. 1,800 can be deducted from the employee's salary. The company will deduct Rs. Let us assume that Rs. 2,500 is deducted from the employee's salary and the same amount is paid into his account. . 8.33% of the amount paid by the company w...

On your journey to financial freedom, you can also use loans to your advantage. How? Many people may wonder if it is right to take a loan and achieve financial freedom. First, one should know the difference between an asset and a liability. This is what we know. You are asking what new things you are going to say in this. Let us look at some types of assets and liabilities. Find out whether it comes under the category of assets or liabilities. We can also call a liability a debt. First, tell us whether taking a loan from a bank is an asset or a liability. After asking this question, even a small child will know the answer to this question. How is a loan an asset? We have to repay it. In that case, you yourself say that a debt can definitely be a liability. When does debt become an asset? Suppose a person working in the United States gets a personal loan at 3% interest. If he is eligible for a loan of 20 thousand US dollars, he can get a maximum interest income of 7.5% when he takes tha...

After cutting each tree, I take a break. When I take a break, I sharpen my axe. With a sharp axe, I can cut more trees easily. We saw in the previous section how important it is to invest in ourselves. We also saw that if we invest in ourselves, our active income will increase. It is very important to not stop this investment with ourselves but to make it available to our children as well. Education is wealth..! Everyone should realize that it is more important to invest in the skills of children than to give them property. There is no harm in not enrolling them in college because they do not have money. But many people have an alternative opinion about spending money on skill development even if they have money. When giving education to children, they should use it to create wealth. It is better to teach them to catch fish than to give them fish. Now let's see the main characteristic that must be followed to achieve financial independence. How did the old man succeed? The book ...

The number of people investing in mutual fund schemes is increasing day by day.  Awareness  campaigns like "Mutual Fund is right" by SEBI and AMPHI have changed the mindset of the people. At the same time, many people do not know how to invest in mutual fund schemes. In our country, India, less than 5% of the population has invested in mutual fund schemes. More awareness is needed to increase that number. To help them, let's take a detailed look at eight ways to invest in mutual fund schemes in a simple way. 1. Branches of mutual fund companies..! Most leading mutual fund companies have branches in cities in our country. You can find out the details about those branches by visiting the websites of mutual fund companies. You can open mutual fund investment accounts (Folios) by visiting these branches directly. To start mutual fund investment, you need to provide documents like Aadhaar card, PAN card, bank account details. It is advisable to provide the nominee details at t...