Posts Tagged: my pocket

Your Money

Pradhan Mantri Jan Dhan Yojana: Is it for you?

Pradhan Mantri Jan Dhan Yojana(PMJDY) is a scheme launched by the Ministry of Finance in 2014. It aims for each and every citizen to become saksham in accessing financial services like remittance, insurance, and pension. Account holders can also avail of credit, like taking loans for various purposes, saving and deposit services. Its major focus is on the poor population of both urban and rural regions. This is because underprivileged people, especially those below the poverty line, are unable to open bank accounts. If they still open the accounts, they find it difficult to maintain them.

Your Money

Types of Bank Accounts in India: You're missing out on benefits!

Welcome to the world of banking, where your money can grow and multiply in ways you never thought possible! In India, there are different types of bank accounts available to cater to the diverse financial needs of individuals and businesses. Whether you're a businessman like Raju or a salaried person like Rohit, choosing the right type of account can make all the difference in achieving your financial goals.

Mutual Funds

Axis Bluechip Fund Review: Does High Risk always mean High Rewards?

Investing in mutual funds has become a popular way for individuals to grow their wealth over time. Bluechip funds, like MS Dhoni of Cricket, are considered supreme in the mutual fund universe. They are known for their consistent performance, stability, and reliability, making them a trusted choice for investors seeking long-term wealth creation. One such bluechip fund that has been proving its mettle for a while now is the Axis Bluechip Fund.

Your Money

Budget Planning: Stop living from paycheck to paycheck!

Are you tired of constantly wondering where your money went at the end of the month? Do you find yourself unable to do things you desire because of unexpected expenses? If so, you're not alone. Many people struggle with managing their finances and end up living from paycheck to paycheck. But fear not, there is a solution - budgeting.

Investor's Psychology

Open High Open Low Trading: A Simple yet Effective Approach

Do you ever wonder how some investors profit from the stock market by trading securities for a day? Well, it's called intra-day trading, and it's not for the faint-hearted. This type of trading involves buying and selling securities on the same day to book profits. It's a high-risk, high-reward game that requires sound strategy. And that's where the open high-low trading strategy comes into play. This article will explore the ins and outs of this popular intra-day trading strategy and how you can potentially use it to boost your profits. So, fasten your seatbelt and prepare for an exciting journey into the world of open high-low trading.

Your Money

Pradhan Mantri Vaya Vandana Yojana: Secure Your Golden Years

Picture this: You've worked hard all your life, saved up for retirement, and are now ready to enjoy your golden years. However, you realize that your retirement savings are insufficient to support your lifestyle and care for your medical expenses. The thought of financial instability is daunting, and you start to worry about your future.

Your Money

RBI Sovereign Gold Bonds

Investors in India, take note! The clock is ticking as the fourth tranche of the Sovereign Gold Bond Program is now available for subscription, but only for a limited time. The Reserve Bank of India began accepting applications on March 6, 2023, with the subscription window scheduled to close on March 10, 2023. Act fast if you don't want to miss out on this opportunity to invest in SGBs!

Mutual Funds

Understanding NAV in Mutual Funds

Every sort of investor has a wide range of options when it comes to mutual funds. Investors with a high or low tolerance for risk can readily find mutual fund solutions that fit their needs. So how can investors choose the best form of fund that suits their demands when there are so many possibilities on the market?

Your Money

Car Loans: Eligibility, Documentation & Procedure

The process of purchasing a car can be exciting, but it can also be daunting, especially if you plan to take out a car loan. However, with the proper information and planning, the process can be simple. In this article, we will aim to analyse car loan eligibility, the process, and the tools available, such as NBFCs and a calculator, to support you in making informed decisions.

Financial Ratios

Exploring the Advantages and Limitations of CAPM

Imagine that you are about to take a cross-country road trip. You've got your car, your maps, your music playlist, and your snacks all ready to go. But before you hit the road, you realise that you need to figure out the best route to take to reach your final destination. You start to think about the various factors that could impact your journey - traffic patterns, weather conditions, road closures, and so on.

Your Money

Car Loan Interest Rate List

Everyone wants to get a car once they start earning money, right?

Macro Moves

Budget 2023 and Stocks it could affect

The Union Budget 2023 is coming up, and many people are already preparing for it. Some are making budget plans, and others are planning their investments.

Macro Moves

Budget 2024 & how it will affect Retail Consumption

The Indian Union Budget, which is presented annually by the Finance Minister, plays a crucial role in shaping the country's economic and fiscal policies. The Budget 2023, which is yet to be announced, is likely to impact retail consumption patterns in India significantly. The taxes imposed on essential goods, gold, fuel, luxury goods, and tobacco are some key factors that will affect consumers' purchasing decisions.

Tax Club

Capital Gains: What to expect? How can taxation be improved?

Are you looking forward to the upcoming Indian Union Budget 2023? If so, there are many things you may want to keep in mind. Capital gains taxation in India has been a topic of discussion for a while now, and it seems that many changes are set to be made. The upcoming Indian Union Budget 2023 will majorly impact investors in India. You must know what to expect if you are planning to make any money in the country soon.

Your Money

Atal Pension Yojana: A Financial Boon

More than 90% of the Indian workforce is engaged in the unorganised job market. This includes freelancing, odd jobs and non-organisational occupations like driving, gardening, personal help, etc. While being a part of the unorganised sector has its benefits of flexibility, the lack of organisational association leads to the loss of certain benefits as well.

Your Money

Voluntary Retirement Scheme (VRS): Is it Gateway to Relaxation?

When I was working with UTI, I used to wait for public holidays so that I could stay at home. My father-in-law would joke, saying I should opt for VRS. I was just beginning my career and would wonder what VRS was. Soon, VRS became common in most public sector undertakings, with even my sister-in-law, who was working with Indian Oil, opting for it.

Mutual Funds

Best SIP Plans for 2024

Imagine having a stable job, saving a decent amount, and being satisfied with your current lifestyle. Imagine that the only problem in your life is that there are no reunions of your favourite TV shows. (#BringBackTheOffice!). Now, let’s come back to the real world where everybody’s problem is that they’re insecure- body, diet, money and above all, what the future holds.

Your Money

Are Student Credit Card a way to Debt Trap?

The credit card journey began in 1950 when Diners Club introduced the world's first credit card. In subsequent years, its popularity exploded. Initially maintained as emergency funds or as cashless payment options, today, they continue to exist as an avenue for short-term borrowing. However, they also became the face of debt for several people worldwide.

Pradhan Mantri Jan Dhan Yojana: Is it for you?

Types of Bank Accounts in India: You're missing out on benefits!

Axis Bluechip Fund Review: Does High Risk always mean High Rewards?

Budget Planning: Stop living from paycheck to paycheck!

Open High Open Low Trading: A Simple yet Effective Approach

Pradhan Mantri Vaya Vandana Yojana: Secure Your Golden Years

RBI Sovereign Gold Bonds

Understanding NAV in Mutual Funds

Car Loans: Eligibility, Documentation & Procedure

Exploring the Advantages and Limitations of CAPM

Car Loan Interest Rate List

Budget 2023 and Stocks it could affect

Budget 2024 & how it will affect Retail Consumption

Capital Gains: What to expect? How can taxation be improved?

Atal Pension Yojana: A Financial Boon

Voluntary Retirement Scheme (VRS): Is it Gateway to Relaxation?

Best SIP Plans for 2024

Are Student Credit Card a way to Debt Trap?

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