Recurring Deposits (RD) are a great way to deposit bit by bit and yield a high amount on maturity. A very popular tool for those who cannot use the entire savings but a few thousands in order to get a high amount back on maturity. The interest charged on these deposits is similar to the ones on fixed deposits. Personally, even if you shell out Rs. 100  every month then it can get you a higher returns later. The recurring deposit starts with INR 100 in banks, INR 10 with post Office and maximum limit can be any.Non Resident Indians (NRIs)are not allowed to have suchRead More →

Before investing any one would want to know how mutual funds work. Now, if you ask this from a finance professional, mostly, you’ll get answers that raise even more doubts because the clarifications are full of financial jargon In simple words, you will be more confused than before. Read More →

So gold rises….. years later it seems to be again on the move!! That is exactly how the story of gold goes.They usually say ‘ old is gold’ to things that are invaluable but when one looks in deeply then in literal sense,the more old the gold is  the more closer it is to being priceless. Traditionally stored in the form of jewellery, coins and behold, even bars, gold seems to always have gained momentum over a period of time. When it rises in value, we usually think “wish we had bought gold yesterday” or “thank god we bought it yesterday!” Needless to mention goldRead More →

Bank Fixed Deposits (FDs) are a very safeway to jumpstart your savings. If you have a savings account (I am sure we all do) then this is an article that will help you yield better returns. It is often advisable to park your savings funds into a fixed deposit for the simple reason that if the money is lying idle for 2 mths or more then you will get higher returns than you would in a normal savings account i.e. 4%. Adding benefits are that this is a safe investment and has many features to choose from. As we are aware that India’s banking sectorRead More →

Money is something that needs to be managed well and any delay in its management can lead to losses that could have proven to be large profits. Given the present Indian scenario, I will be highlighting a few things to keep in mind while making investments. I am sure that these will prove good in long as well short term however reading the  fine prints during investment is a must as the investments  may be subjected to market risks 1.       Never put all eggs in one basket-DIVERSIFY An old saying but it holds true while making investment decisions. The concept behind this is that when youRead More →

A fall of domestic currency means alot to the associated country’s economy and its people. In recent times, huge fluctuations and a constant drop in the Indian currency, the Rupee, has uncovered the fact that our economy is facing hard and challenging times. Undoubtedly markets and economy suffers, but to a common man ,directly or indirectly, it hits hard on the budget, financial planning and investment strategies. This budget shift and change in the investor’s appetite works in opposite direction for Indians and Non-Resident Indians(NRIs).What is bad news to a common Indian, is definitely good news to a Non Resident Indian( NRI). For Indians: A commonRead More →