As of now, to change your nominee in the NPS account, you have to submit the S2 form physically to the associated Nodal Offices or POPs. To avoid such hindrance, PFRDA launched the facility to change nominee in NPS online. Let us see the process of changing the...
Many of us during such low Bank FD interest rate regimes and risky debt funds, feel Banking and PSU Debt Funds as alternative safe debt instruments. However, let us see what are the loopholes in this category of funds. What is the definition of Banking and PSU Debt...
State Bank Of India 9.95% (SBIN-N5) Bond is currently trading at Rs.10,969 and yields to maturity are showing as 8.61% as of 28th August 2020. During the current low-interest regime, people are obviously looking for this investment as attractive. However, they are all...
Whether highly qualified or educated individuals are better off in investing than the uneducated or not so highly qualified? Many of us think that well educated have access to more information and because of that, they are in a better position to manage their money....
LIC Jeevan Akshay VII Pension Plan (857) introducing it from 25th August 2020. It is the immediate pension plan. At the same time, LIC is withdrawing the immediate pension option from Jeevan Shanti (850). Considering the decreasing interest rate, it was expected from...
We all talk about managing the risk of investment. However, sometimes risk management may create one more risk which may be bigger or uncertain. Many times reducing RISKS may create more RISKS! Reducing RISKS may create more RISKS! A few days back, I was reading the...
Recently I came across the NOISE about HDFC Bank completion of 25 years of IPO in May 2020. Rs.1 Lakh investment in HDFC Bank IPO is worth Rs.8 Crs today. Such stories always pop up in social media and force us to invest in a dream of having Rs.8 Crore after another...
PMS is slowly evolving among the elite class to experient its wealth creation goal. What is the PMS Returns 2020? Do we believe these returns realistic? Who is the best PMS in India? Portfolio management refers to managing an INDIVIDUAL’S investments in the form of...
We all know that to create the wealth we have certain simple rules like SAVE as much as you possible and INVEST. We all wish to save and invest. However, we fail miserably to stick to such simple rules of wealth creation. What are the reasons for this? Let us go back...
The fifth and sixth tranche of Sovereign Gold Bond Scheme August 2020 is available for the subscription from 3rd August to 7th August 2020 and again the sixth tranche from August 31st to September 2020. Refer the complete list of Sovereign Gold Bond Schemes offerings...
Many of us invest in Mutual Funds for tax saving purposes also. These are called ELSS Funds or Equity Linked Savings Schemes. However, in this post, I am sharing with you the reasons why you must stay away from such products. As you may be aware, ELSS funds are...
We always hear the rosy pictures about the Power Of Compound Interest right? In fact, there are many claim that Albert Einstein reportedly said “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pay it.” However, there...