What is the current interest rate of RBI Floating Rate Bonds or FRSB 2020 (T)? The current or latest interest rate (2023) on RBI Floating Rate Bonds is 7.35% per annum. There is a fixed formula for calculation of RBI…
Read More What is Interest Rate on RBI Floating Rate Bonds 2023?
The government has made a few changes to the small scheme savings interes rates for the quarter of January-March 2023. Here are the changes made - PPF interest rates - No Change (remains at 7.1%) Sukanya Samriddhi rates - No…
Read More PPF stays at 7.1% | Sukanya at 7.6% | SCSS rates increased to 8.0%
With RBI aggressively hiking repo rates to counter inflation, many of the banks have also now started passing on the benefit of higher rates to depositors. While larger banks like SBI, HDFC, ICICI, etc. are nearing 7% in FD interest…
Read More Should I break Old FD to make new Fixed Deposits at higher interest rates?
I was recently quoted in LiveMint in an articled titled "Why prepayment of home loans is better in early years of tenure than later". Here is the link to the online version of the article - Link The article references…
Read More Quoted (Live Mint) – Dec 2022 – Best Time to Prepay Home Loans
While smaller banks had been offering high-interest rates on bank FDs for the last few months, now even the biggies of the field are increasing the FD rates as expected. the 3 biggest banks of India, SBI, HDFC and ICICI…
Read More Bigger Banks (SBI, HDFC, ICICI) Increasing FD Rates (Now at 7%)
FinFluencers are regular people who use social media platforms (and generally have a large follower base) to share advice on all things related to finance like investing, loans, stocks, mutual funds, etc. More than 99% of these content creators or…
Call me whatever you want for doing this. But like all common people of India, even I have a few wishes from the Budget 2023. I know my ideas may not even reach the right people but still, let me…
After SEBI allowed the launch of passive (index-based) tax-saving ELSS funds, finally an AMC, IIFL has decided to launch India’s first tax-saver index fund. The fund - IIFL ELSS Nifty 50 Tax Saver Index Fund, as the name suggests tracks…
Read More India’s 1st Passive Tax-Saver ELSS Index Fund Launched. But Don’t Rush to Invest
Indian stock markets are at new All-TIme-Highs. Unlike other markets which are down a lot this year (till now). So when markets are making new highs, many people feel that even their mutual funds should also make new highs in…
Read More Nifty At All-Time-High. How much % is NAV of MFs below All-Time-Highs?
A lot of investors look to multiply their investments in stock markets. Some look for multibaggers and others invest in mutual funds and plan to remain invested for the long term and thereby, grow their wealth. CAGR (or Compound Annual…
I was recently quoted in The Hindu Business Line (26 Nov 2022) in an article titled "Debt fund yields turn attractive at both short- and long-ends". Here is the link to the online version of the article - Link Since…
For the first several years of their career, most individuals do not give retirement the importance it deserves. And why would they? In their mid-20s, retirement for these young individuals is still 30+ years away. As a result, the only…
Read More PF Alone Won’t Be Enough. ‘Start Early’ to Save ‘More’ for Retirement.
LIC has launched (or rather relaunched) its online term plan in 2022 – The name of the new policy is LIC New Tech Term Plan (No. 954). It’s a simple term policy. Technically, it is a Non-Linked, Non-participating, Individual, Pure…
Read More LIC New Tech Term Plan (No. 954) – Should you Purchase this Online Term Plan?
LIC SIIP is not SIP. I repeat. LIC SIIP is not a SIP that you know about. LIC has a ULIP plan which is (surprisingly) called LIC SIIP (2023). Why the choice of name is surprising is that the word…
Read More LIC SIIP is NOT a SIP. Avoid this ULIP named SIIP (2023)
