One of my clients initiated their PPF account with a public sector bank approximately 14 years ago. Recently, when they approached the bank for guidance on the next steps, they were informed that the only option was to withdraw the amount and initiate a new PPF account with the same bank.
Upon consulting with me, I advised the client that they could actually extend their existing PPF account, allowing them to continue earning 7.
Mutual fund industry has crossed 50 lakh crore mark in January 2024. While it’s common for investors to primarily focus on short-term returns when selecting mutual funds, it’s essential to consider various other factors that play crucial roles in investment decisions.
These include the following :
Safety Liquidity Returns Convenience Ticket Size Taxability Tax Deduction Safety Safety refers to the protection of the capital invested. Investors seek assurance that their investment is secure and not exposed to undue risks.
Increasing your investment periodically can expedite goal achievement. Various methods exist to accelerate investment progress, such as opting for riskier ventures. However, this approach may not be suitable for everyone due to discomfort with higher risks. This article proposes an alternative method: incrementally increasing your Systematic Investment Plan (SIP), reducing the time needed to reach your goal by two years or more.
Scenario Let us assume you have a target to reach 1 crore and you plan to contribute Rs 50,000 per month.
In the dynamic landscape of equity investments, the allure of high returns can often tempt investors towards greed-driven decisions, potentially jeopardizing their financial stability in the long run.
As evidenced by the surge in equity inflows, with a staggering 26,000 crores recorded in February 2024 alone, and the remarkable flow into Midcap and Smallcap segments totaling Rs 61,900 crores, it’s evident that the chase for quick gains is pervasive.
Investments In Equity Investments in equity have mainly picked up from August 2023 onwards, however, they have been mainly flowing into mid cap and small cap funds.
Money has different meaning for different people. Investopedia says money is a medium of exchange. While money is universally recognized as a medium of exchange, its significance and interpretation vary greatly among individuals. For some, money represents security and stability, providing a means to meet basic needs such as food, shelter, and healthcare. Others view money as a symbol of success and status, equating financial wealth with personal achievement and societal recognition.