Investing consistently is one of the most effective strategies for wealth creation. While investing a higher amount each month may seem like the best way to build wealth, the duration of investment plays a crucial role in determining the final corpus. This brings us to an important question: which strategy generates more wealth—a ₹10,000 monthly …
Investing in equity mutual funds can yield substantial returns over time, but it also comes with tax obligations. Long-term capital gains (LTCG) from equity mutual funds are taxed if they exceed a certain threshold in a financial year. However, investors can use short-term capital losses (STCL) to offset taxable gains and reduce their tax burden …
As multiple cases of financial irregularities are coming to light, RBI is strengthening its restrictions on banking companies. With the earlier discovery of irregularities in Maharashtra Cooperative Bank, and now IndusInd Bank, depositors are questioning whether fixed deposits remain a safe investment option. The question is- should you still invest in FDs? Choosing the Right …
The National Pension System (NPS) equity funds, classified under Scheme E, have demonstrated strong performance over various time horizons. Not only have these funds surpassed the Nifty 200 TRI benchmark in the long run (3- and 5-year periods), but several have also outperformed large-cap mutual funds. Even in the short term—over a one-year period—7 out …
CM Yuva Udyami Yojana or Mukhyamantri Yuva Udyami Vikas Yojana is a key initiative under the broader Mukhyamantri Udyami Yojana, launched by the Department of Industries, Bihar, to promote entrepreneurship and self-employment. The scheme aims to support individuals from all categories by providing financial aid and resources to start their own businesses. Under this component, …
The Jharkhand Mukhyamantri Maiya Samman Yojana is a state government initiative aimed at providing financial support to women, particularly homemakers, to enhance their economic stability. The scheme offers monthly financial assistance to eligible beneficiaries, with funds directly transferred into their bank accounts. Initially, the scheme provided ₹1,000 per month, but in December 2024, this amount …
Managing multiple credit cards can be overwhelming, particularly when some remain unused for extended periods. While cancelling an inactive card may seem like a responsible financial decision, it can have unexpected consequences on your credit score and overall financial health. Here are 7 important factors to weigh before making your choice: 1. Impact on Your …
The salary structure for central government employees in India has undergone significant evolution over the years, rising from ₹55 per month in 1946 to ₹18,000 per month currently. Various Pay Commissions have periodically recommended salary and pension hikes, considering economic factors and inflation rates. With the recent announcement of the 8th Pay Commission, set for …
The Indian government has introduced various welfare programs to ensure the financial stability of farmers and foster agricultural growth throughout the country. In 2025, farmers are set to receive support from the government to purchase and utilise advanced agricultural equipment such as harvester machines, rice planting machines, potato planters, combined harvesters, and more. In this …
The Employees’ Provident Fund Organisation (EPFO) has announced key changes to the Employees’ Deposit Linked Insurance (EDLI) Scheme, aimed at improving financial security for families of EPF members. These updates were introduced during the 237th meeting of the Central Board of Trustees (CBT) on February 28, 2025. Key Changes in EDLI Scheme 1. Minimum EDLI …
