Author: Naresh Saini

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…

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…