Author: Naresh Saini
Naresh Saini
Naresh Saini, a graduate with over 10 years of experience in the insurance and investment sectors, specializes in covering topics related to insurance, investments, and government schemes. His expertise and passion for the financial industry allow him to provide valuable insights, helping readers make informed decisions. Naresh is committed to delivering clear and engaging content in these fields.
Investing in gold has always been a preferred choice in India, especially because it is seen as a safe and stable asset. Traditionally, people would buy physical gold in the form of jewellery or coins, but now there’s a modern alternative: Gold Exchange Traded Funds (ETFs). Not only does buying a Gold ETF make investing in gold more accessible and flexible, but it also eliminates many of the challenges associated with physical gold. Here’s everything you need to know about why Gold ETFs are becoming a popular choice among investors and how to get started. What is a Gold ETF?…
For those looking to invest in a safe scheme with a guaranteed monthly income, the Post Office Monthly Income Scheme (POMIS) could be an ideal choice. Backed by the Government of India, this scheme offers assured returns and is perfect for individuals seeking a reliable income stream without frequent investments. Here’s a breakdown of everything you need to know about this scheme, from eligibility and interest rates to monthly earnings and withdrawal rules. How the Post Office Monthly Income Scheme Works The Post Office Monthly Income Scheme is designed to provide regular income through monthly interest payments. You only need…
In India, important documents like Aadhar, Voter ID, Driving License, and PAN cards are essential for various tasks. A PAN card is crucial, especially for financial transactions and income tax processes. Many may not know that minors, too, can have a PAN card, which serves as an identification document and is sometimes required for certain transactions on their behalf. Here’s an easy guide to understand why a PAN card for children under 18 is important, and how to apply online. Why Do Children Need a PAN Card? Though a PAN card is typically associated with income and tax, it also…
Kisan Vikas Patra (KVP) is a popular savings scheme designed for those who prefer a stable, risk-free investment option. Supported by the Indian government, KVP is known for its safety and guaranteed returns, making it ideal for conservative investors who avoid stock market volatility. With a return that doubles the investment in around 124 months, KVP is available at most post offices and select bank branches across India. A Scheme for All, Beyond Just Farmers Originally launched to benefit farmers, KVP is now available to all Indian residents, allowing a broader section of society to take advantage of this safe…
In a major step toward inclusive healthcare, Prime Minister Narendra Modi will be launching an extension of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), offering health insurance coverage for citizens aged 70 and above. This announcement, timed with Dhanvantari Jayanti and Ayurveda Day, aims to support the health needs of senior citizens by providing them with up to ₹5 lakh of free health coverage annually. Here’s a guide on the benefits, eligibility, and application process for those above 70 years of age to obtain the Ayushman Card. Who is Eligible for Ayushman Bharat’s New Extension? Under the newly…
Many parents dream of giving their children a financially secure future. One of the simplest ways to achieve this goal is through a Systematic Investment Plan (SIP) in mutual funds. While SIPs are widely used for long-term wealth building, a specific formula, the 21x10x12 formula, can help turn a consistent investment into a million-dollar fund for your child. Despite the popularity of SIPs, many people in India aren’t familiar with this approach. Here’s a breakdown of the 21x10x12 formula and how it can help your child become financially independent in the future. What Is SIP? SIP, or Systematic Investment Plan,…
The National Pension System (NPS) is a government-backed retirement plan that has gained popularity among Indian employees and investors for its flexibility, tax benefits, and long-term returns. While many NPS account holders target retirement funds by age 60, there’s an alternative approach to enhance your retirement income: simply extend your NPS maturity age by two years. This slight adjustment can increase your pension by up to 22% and significantly boost your retirement corpus, making it an appealing option for those planning for a financially secure retirement. Why Extend NPS Beyond 60 Years? Typically, NPS subscribers aim to keep their accounts…
New Delhi: The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is about to bring major relief to India’s elderly population. On October 29, the government will launch a new phase in this health scheme, offering free health insurance coverage of up to Rs 5 lakh per year specifically for citizens aged 70 and above. With the distribution of new Ayushman Cards, this expansion promises to extend health coverage to millions across the country, regardless of economic status. Prime Minister Narendra Modi is expected to announce this extension of Ayushman Bharat, alongside launching the U-WIN portal for digital vaccination…
Saving ₹5 crore in 10 years may sound like a challenging goal, but it’s achievable with a disciplined investment plan. To hit this target, choosing the right investment option is critical, one that offers high returns and stability over the long term. Equity mutual funds through SIPs (Systematic Investment Plans) are the best way to accumulate such wealth for most investors. Let’s explore how you can build a ₹5 crore corpus step by step. Why Choose Equity Mutual Funds for Wealth Creation? Equity mutual funds are ideal for long-term wealth creation because they offer higher returns than other savings tools…
Investing in mutual funds is gaining popularity as a way to grow wealth and achieve financial goals. Many investors are drawn to mutual funds for their potential returns and the flexibility they offer. When considering mutual fund investments, two primary approaches come up: Systematic Investment Plan (SIP) and Lump Sum Investment. Both methods offer distinct advantages, but each serves different types of investors depending on their financial goals, risk tolerance, and income flow. Here, we’ll break down the differences, highlight the pros and cons, and help you decide which approach might be best for you. What Are SIP and Lump…