Author: Naresh Saini

Mirae Asset Mutual Fund has introduced a new fund offering—Mirae Asset Gold ETF Fund of Funds (FoF). The fund provides an accessible way for investors to benefit from gold without having to buy or store physical gold. This open-ended fund invests directly in units of the Mirae Asset Gold ETF, offering a convenient investment opportunity. The New Fund Offer (NFO) period starts on October 16, 2024, and will close on October 22, 2024. Investors can begin with a minimum lump sum investment of Rs 5,000. However, for those who prefer systematic investments, the SIP starts at just Rs 99 per…

The National Pension System (NPS) has added a new fund to its investment options: the Balanced Life Cycle Fund. This fund caters to those looking for a retirement investment option that automatically adjusts their risk exposure as they age. This new plan rebalances the portfolio based on an investor’s age and risk profile, making it a perfect fit for those who want minimal involvement and low risk, especially as they near retirement. Key Features of the Balanced Life Cycle Fund The Balanced Life Cycle Fund focuses on providing safety and stability to investors, especially when they approach retirement age. Here…

Diwali is a time of joy, light, and celebration, but with the festivities comes the risk of accidents, especially from firecrackers. To address this concern, PhonePe has launched a special insurance plan called Firecracker Insurance, providing an affordable and easy way to stay protected during the festival season. Priced at just Rs. 9, this insurance covers accidental injuries and hospitalization due to firecracker-related mishaps. What Does the Firecracker Insurance Plan Offer? For a minimal cost of Rs. 9, the Firecracker Insurance Plan offers coverage of up to Rs. 25,000 for a 10-day period during Diwali. The plan includes coverage for…

The Chinese stock market has been in the spotlight recently, especially after witnessing a remarkable rise in September. Despite some pressure at the beginning of October, the markets surged again on October 14, igniting fresh interest among investors worldwide. With talks of the Chinese government introducing a large financial package to boost its property market, experts suggest that there might be further growth ahead for Chinese stocks. Indian investors are increasingly exploring options to invest in Chinese markets. So, how can you invest, and what should you keep in mind? Investment Options for Indian Investors in China Indian investors who…

As our parents grow older, ensuring they have a regular income to maintain their lifestyle is a priority for many. The Senior Citizen Savings Scheme (SCSS) offers an excellent solution for retirees, providing a steady source of income with the security of a government-backed investment plan. Designed specifically for senior citizens, this scheme offers attractive interest rates and safety, making it a smart option for managing finances during retirement. Let’s explore how SCSS can help your parents enjoy financial stability in their later years. Key Features of the Senior Citizen Savings Scheme The SCSS is a government-run retirement savings scheme…

The Ladki Bahin Yojana, also known as Majhi Ladki Bahin Yojana (MMLBY), is nearing its registration deadline. Women in Maharashtra who have not yet applied have until tomorrow, October 15, 2024, to sign up for the financial support provided by the state government. This initiative, launched by Chief Minister Eknath Shinde, aims to assist women from low-income families by providing them with a monthly financial aid of Rs 1500 directly into their bank accounts. Key Details About Ladki Bahin Yojana The Ladki Bahin Yojana was introduced earlier this year to provide financial assistance to women aged 21 to 65 from…

The Central Government has rolled out new guidelines regarding the National Pension System (NPS) for its employees, introducing changes that will come into effect before the launch of the Unified Pension Scheme (UPS) in 2025. The Department of Pension and Pensioners’ Welfare issued these guidelines on October 7, 2024, under the Ministry of Personnel, Public Grievances, and Pensions. The revised rules will be reviewed periodically, ensuring corrections and adjustments as necessary. For employees covered under NPS, these new guidelines bring important changes in how contributions are managed. Here’s a simplified look at what these changes mean for government employees. What…

The Indian government has been actively launching schemes to benefit citizens across various sectors, with healthcare being a significant focus. One such initiative is the Ayushman Bharat Scheme, introduced in 2018, which has provided health insurance to millions of low-income families. As part of this scheme, the government has now launched the Ayushman Bharat Health Account (ABHA) Card. This card serves as a digital health identity, making it easier for citizens to access healthcare services and store their medical history in one place. In this post, we’ll explain how to apply for an ABHA card, the benefits of having one,…

For those who seek peace of mind in their investments, fixed income instruments offer a stable alternative to the often volatile stock market. These options are ideal for investors looking for predictable returns, capital security, and tax benefits. Here’s a guide to some of India’s top fixed income investment options, each providing safe returns and minimal risk. 1. Bank Fixed Deposits (FDs) Bank FDs are among the most popular investment choices for risk-averse individuals. In an FD, you deposit a lump sum amount for a fixed tenure and receive a guaranteed interest rate. 2. Recurring Deposits (RDs) For those who…

Systematic Investment Plans, popularly known as SIPs, have become one of the most effective and accessible ways for people to build wealth. For those new to investing, SIPs offer an easy and disciplined way to enter the world of mutual funds, where regular contributions can lead to significant returns over time. Whether you’re a young professional or a blue-collar worker, anyone can start with a modest amount, like Rs 100 per day, and over the years, potentially see it grow into a substantial corpus. Let’s explore the SIP formula that has enabled many investors to reach financial goals such as…