The Modi government has implemented several welfare schemes, including the Vocational Education and Training Loan scheme. This scheme, a testament to the government’s commitment to the youth, provides financial assistance to unemployed individuals seeking vocational education. It covers a wide range of expenses, including training course fees, tuition, examinations, library and lab fees, book and … Read more
Emphasize the benefits of mutual fund SIP as the best long-term investment strategy, offering higher returns over time. Now, let’s understand how you can create a fund of Rs. 10,000 by investing Rs. 5,000 per month through SIP in a short period. There is a step-up formula for this. A systematic investment plan (SIP) is … Read more
The central government has introduced various schemes for the people of the country. One of these schemes offers significant returns on investment in gold online, similar to the Sovereign Gold Bond Scheme. Through this scheme, individuals can buy gold online at a lower price and earn interest. This is considered a better option than physically … Read more
Financial experts strongly advise that planning for retirement should begin as soon as you start earning. However, many overlook this crucial step, often underestimating the potential financial difficulties that could arise post-retirement. The longer you delay, the more you risk falling short of your retirement goals. The relentless march of inflation further underscores the need … Read more
Today’s students prefer higher education to gain career-specific skills and better job opportunities. Higher education has become crucial for students as educational institutions incorporate new technologies and experiential learning methods. However, the escalating tuition fees have become a burden for many, especially those from poor and middle-class backgrounds. Many banks offer educational loans to help … Read more
Marriage is a significant event in everyone’s life, and many individuals wish to celebrate it grandly with their loved ones. Some parents may go beyond their means to ensure a lavish wedding for their children. However, not everyone may have sufficient funds to host an elaborate wedding, leading some to opt for a low-budget celebration … Read more
Health is our most valuable asset. Many people believe that they are healthy enough, but regardless of how much we prioritize our health, genetic factors and other reasons can make us susceptible to life-threatening diseases. Unexpected accidents can occur, leading to significant medical expenses. We should plan our finances in anticipation of such emergencies. Just … Read more
It’s a harsh reality that the value of money is steadily eroding due to inflation. For instance, a car that costs ten lakhs today could easily double in price after 15 years. The same goes for house rent and food costs, which have seen a significant uptick compared to a decade or two years ago. … Read more
What are index funds? Index funds are a safe investment strategy that provides exposure to a wide range of securities, thereby reducing risk through diversification. Investors can gain exposure to a variety of securities with a minimal investment. What to invest in? Investing in index funds involves tracking stock market indices such as the Nifty … Read more
These days, people have greater trust in banks. Generally, people believe that keeping money in bank accounts is safe. However, people also turn to banks to secure valuables and documents, especially if valuable items are lost, or to secure items like gold and property documents. In this context, let’s discuss the precautions for bank locker … Read more