Author: Naresh Saini

Securing your child’s financial future is a top priority for most parents. As life gets more expensive, many parents wonder how to ensure a sizable fund for their child’s education, marriage, or career. For parents looking to give their children a head start financially, the 21X10X12 formula offers a structured path through systematic investments in mutual funds. What Is the 21X10X12 Formula? The 21X10X12 formula is a simple plan to save and grow money steadily through a Systematic Investment Plan (SIP) in mutual funds, focusing on compounding over the long term. Here’s how it works: Following this strategy can potentially…

Fixed Deposits (FDs) are a popular and secure way to grow savings in India. Even with fluctuating interest rates, they provide reliable returns and financial safety. As interest rates may vary due to global events like the US Federal Reserve’s decisions and RBI repo rate cuts, it’s crucial to make informed FD investments. Let’s explore how FDs can be a smart financial tool and help you achieve both long-term and short-term goals. 1. Guaranteed Safety with Insurance of ₹5 Lakh on Deposits One of the biggest advantages of FDs is the insurance protection offered by DICGC (Deposit Insurance and Credit…

Investing through a Systematic Investment Plan (SIP) has become a popular method to build long-term wealth. The real magic lies in the concept of compounding, which allows your money to grow exponentially. With patience and regular investments, you can multiply your wealth significantly over time. Following the 7-3-2 rule of SIP investments can help you see impressive gains, including an increase of Rs 50 lakh annually after 15 years. Let’s dive deeper into this strategy and how it works. What Is the 7-3-2 Rule for SIP Investments? The 7-3-2 rule offers a simple way to achieve financial goals through SIPs…

For those looking to grow a substantial corpus through mutual fund investments, the ongoing stock market fluctuations can seem daunting. However, experienced mutual fund investors know that patience and consistency in investments often bring in the most rewarding outcomes. One approach to reach this goal faster is the 8-4-3 investment rule—a simple yet powerful method that highlights how compounding can help grow wealth over time. This rule isn’t a specific fund or scheme but a general roadmap to help visualize potential investment growth. Here’s how the 8-4-3 rule works and how it can help you turn small, regular investments into…

For small investors looking for safe and profitable investments, Post Office saving schemes have become a popular choice. These schemes not only offer higher interest rates than most fixed deposits (FDs) but also come with the reliability and support of government backing. With interest rates reaching up to 8.2% and some schemes offering tax exemptions, these options provide an attractive opportunity for stable returns without market risks. Here’s a look at five Post Office saving schemes that stand out, each designed to meet different investment needs and goals. 1. Senior Citizens Savings Scheme (SCSS) Best for: Senior Citizens Seeking Regular…

Systematic Investment Plans (SIPs) are a popular way for people to invest in mutual funds, especially for long-term financial goals. With SIPs, investors contribute a fixed amount regularly, benefiting from both market highs and lows. While SIPs are known for providing high returns over time, they are linked to the stock market, which means there’s always some level of risk. At times, SIP investments can start showing losses, especially when market conditions are volatile. If you are facing this situation, it’s important not to panic. Many new investors get nervous and make impulsive decisions like selling their units or withdrawing…

Investing in a Systematic Investment Plan (SIP) is one of the most popular ways to accumulate wealth over time. However, the concept of Step-Up SIP, also known as Top-Up SIP, brings a unique advantage. This approach involves gradually increasing the SIP amount every year, which can lead to a higher return due to the compounded growth of increased contributions. Here’s how Step-Up SIP works, the benefits it offers, and how it can help achieve a Rs 5 crore corpus faster than traditional SIPs. Understanding Step-Up SIP Step-Up SIP is a systematic approach where investors choose to raise their monthly SIP…

The Pradhan Mantri Mudra Yojana (PMMY) just took a significant step to encourage entrepreneurship in India. The loan limit under this scheme, originally capped at Rs 10 lakh, has now been doubled to Rs 20 lakh. This increase aims to support small business owners, startup founders, and entrepreneurs in expanding their businesses. With the updated limits, a wider range of small and medium-sized enterprises (SMEs) will be eligible for funding, helping them grow in an economy that increasingly values innovation and entrepreneurship. What Is the Mudra Yojana Launched in 2015, the Mudra Yojana is a flagship scheme designed to offer…

Sovereign Gold Bonds (SGBs) have become a favored choice among Indian investors looking to invest in gold. Issued by the Reserve Bank of India (RBI), these bonds come with the added advantage of a fixed interest rate and are considered safer compared to other gold investment products. However, with the current pause on new SGB issues, investors are turning to the secondary market, where older SGBs are trading at a premium of 5-10%. The question is—should you buy Sovereign Gold Bonds at a premium? Here’s what you need to know before making that decision. Why Are Sovereign Gold Bonds Trading…

If your credit score has taken a hit recently, don’t worry—it’s not the end of the road. There are simple steps that can help you get back on track. Many people face credit score issues, often due to unexpected financial troubles. This is quite common, but it’s important to fix it quickly, as a bad credit score can create problems in the future, like difficulty in getting loans or even credit cards. The good news? You can improve your credit score with a few easy actions. Be Smart About Credit Card Usage One of the main reasons credit scores get…