Indians will earn less from their small savings schemes in the April-June 2020 quarter, with the government slashed interest rates on popular schemes – PPF, SCSS, NSE, SSY etc. in a falling rate cycle. The interest rate cut on small savings schemes such as PPF and post office deposits may
Financial Planning
Growth in the Indian economy could fall to levels not seen for decades as key sectors see a sharp decline in business during Covid-19 lockdown. The pandemic and consequent lockdown have hit various sectors, including MSME, hospitality, civil aviation, agriculture and allied sector. When there is complete lockdown in a
In order to boost investor confidence, the Reserve Bank of India (RBI) on 27th April 2020 (Monday) announced a Special Liquidity Facility-Mutual Funds (SLF-MF) of Rs 50,000 crore to ease liquidity pressures on mutual funds which have gathered as a result of heightened volatility in capital markets due to the
In this unexpected development, Franklin Templeton fund house has decided to wind up six debt funds due to liquidity trouble in the bond market triggered by Covid-19 crisis. In other way, FT has decided to take this action due to continuous redemptions and their inability to sell adequate bonds in
Covid-19 Lockdown and emergency fund requirement. Just imagine the situation! Life is full of surprises — some good and some bad. Most of us just try to ride the wave the best we can, making the most of what we have. Just see the current situation, we have not heard
Here is a very basic guide on how to take the rational decision on ‘Personal Finance Concerns During Covid-19 Crisis’. We have done a ‘One Day Survey’ on this topic with multiple choices thru different online platform. (WhatsApp, Telegram, Linkedin, Facebook etc.) on April 20, 2020 (Monday). The survey questions
Savings accounts are designed to encourage more savings, unlike current accounts which allow unlimited transactions and do not offer any interest. An individual who has a steady income for example salaried employees can benefit from savings accounts. Also, people who have set short term goals like a holiday, or wedding
Some of our investors are asking about the current market correction and future course of action on this event. They are very much confident about their ‘Comprehensive Financial Plan’ which we have prepared for them. It’s a 60-70 pages written report with 4-5 hours discussion on the recommendations with alternatives.
Wishing you and your family a magnificent 2019. I am writing this article after 3 months due to my CWM (Chartered Wealth Manager) Exam preparation. Thank you so much for your believe in “Comprehensive Financial Plan” and CFP professional work and practice. Most important is your TRUST on me as
Generally we are savings are likely to be held in five major categories—property, equity, debt, precious metals, and cash. Whatever the investment product, however complex it’s terminology and working, it is likely to fit into one or more of these categories. Equity shares, IPOs, equity funds, PMS are all equity.
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