Retirement

PM Vaya Vandana Yojna PMVVY 2020

fixed amount, LIC PMVVY, LIC Pradhan Mantri Vaya Vandana Yojna, LIC Table 842, pension scheme, PMVVY, Pradhan Mantri Vaya Vandana Yojna, senior citizen, table 842

Update till 10 June 2020. Pradhan Mantri Vaya Vandana Yojna or PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which is available from 4th May 2017. It was officially inaugurated by then FM Late Sh Arun Jaitley on 21/07/2017. The Scheme canRead More

Transfer Your EPF To NPS – Details & NPS Performance

by Madhupam Krishna

employee provident fund, EPF, National Pension Scheme, NPS, PF, retirement, section 80 c

In the budget of 2015-16, the government had announced that they will allow funds to be transferred from Employee Provident Fund EPF to NPS or National Pension Scheme. Finally, this has arrived, now you can Transfer EPF TO NPS. This is like one-way portability between two different superannuation schemes. And finally this last Monday, 06Read More

Is Compounding 8th Wonder of the World

by Madhupam Krishna

8th wonder of the world, Albert Einstein, compound interest, investment, mutual funds, returns

Compound growth means your interest earns interest. When you have a growing thing, which creates more growing things and again creates more growing things… your return adds up fast. This is the core of all financial concepts.
It works for both, one who invests and one who lends or borrows. It is relevant to us as it has the power to convert few 1000s to few Lakhs and few 100000s to few Crores.Read More

EPF Rate Cut – Is It Still Attractive

by Madhupam Krishna

employee provident fund, EPFO, EPFO rates slashed, retirement

The rates are falling everywhere (except the US) and so EPFO also finalized the interest rate to 8.65% pa for 2016-17. This is a fall of 15 bps (1%=100 basis points) as earlier it was an 8.8%. The EPFO (Employees Provident Funds Organisation), has roughly 17 crore accounts and every year they take a view on the prevailing rates and announce for any new cut or increase.Read More

Why Retirement Planning – Infographic

by Madhupam Krishna

financial planning, investment, planning, retirement, Retirement Planning, saving

Retirement planning is an essential element of financial planning. Lack of social security, disintegrating family support, the rise in living age and rise in medical or health related cost are the primary reason a person should immediately check his retirement sustaining ability. Retirement Planning

Understanding Asset Allocation – Infographic

by Madhupam Krishna

advise, asset allocation, diversification, financial planning, goals, infographic, infographics, investment, Retirement Planning, savings

Studies have proved the reason for financial success is 90% because of asset allocation and rest 10% for other things like choosing assets and economic conditions. Asset allocation is through which small investors can make real money, provided they stay disciplinedRead More