To facilitate multi-location claim settlement within the prescribed time limits, Employees Provident Fund Organisation (EPFO) has come up with an arrangement wherein 19 regional offices are linked to 36 collaborating regional offices. The EPFO stated in a circular dated May 8, 2024 that the periodicity in offices across the country was discussed and deliberated in … Read more
Nifty Bank Index vs. Nifty PSU Bank Index Investing in mutual funds that track specific indices is a popular strategy for many investors, offering a way to gain exposure to particular sectors of the market. In India, two notable indices that mutual funds often track are the Nifty Bank Index and the Nifty PSU Bank … Read more
Having been introduced on May 1, 2009 for all citizens of India; National Pension System (NPS) has recently completed 15 years of its existence. The Government of India introduced NPS from Jan 1, 2004 (except for armed forces) before rolling it for the general public five years later. The scheme is aimed at providing pension … Read more
In any financial well-being session, the part which gets the audience visibly excited is when the talk on investing begins. This is not surprising because we all want to create wealth, be richer, and have more money to spend. While it’s true that identifying the right type of investment goes a long way in your … Read more
Diversification as we all know at a high-level is aligning negatively correlated assets in one’s portfolio to insulate the overall performance from vagaries of any particular asset class. By including equities, fixed income, commodities and real estate one can easily get the best of all worlds but more importantly cushion against the uncertainties in any … Read more
As a mother, your love knows no bounds when it comes to taking care of your family. From nurturing your children to supporting your spouse, you juggle multiple roles effortlessly. However, amidst the daily hustle, it’s crucial not to overlook your own health and well-being. One of the most effective ways to safeguard yourself and … Read more
We, Indians, hold our traditions and cultural beliefs very close to our hearts, finding significance in the rituals that shape our lives. The auspicious festival of Akshaya Tritiya, falling on the third day of the Hindu month of Vaishakha, carries a sacred message of prosperity and success. Hence, purchasing gold on this day is considered … Read more
When you are given a loan’s pre-approval, it usually has a minimal impact on your CIBIL score. This happens because it leads to a soft inquiry rather than a hard inquiry. In other words, loan pre-approval does not influence your CIBIL score in any significant way. Let us understand what is a soft inquiry. Pre-approval … Read more
ThisThiruvananthapuram-basednon-banking financial corporation (NBFC) has launched a fresh issue of secured redeemable non-convertible debentures, which will close on May 17. The face value of NCD is ₹1,000. The minimum application requires investors to invest 10 NCDs, i.e., 10,000, in multiples of ₹1,000. The issue is meant to raise ₹50 crore with an option to retain … Read more
What is the 3-bucket strategy? The 3-bucket strategy involves appropriating your retirement corpus into three separate investment buckets to cater to your cash flow needs during different periods of the retirement years. Each bucket is based on a specific time horizon and serves a specific purpose. The strategy ensures you keep getting regular cash flows … Read more