tag:blogger.com,1999:blog-50856372116593957672024-02-20T02:56:04.164-08:00Indian Investor Guidemoney Investing Guide for Investors in IndiaSakthivelhttp://www.blogger.com/profile/07453636835050969470noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5085637211659395767.post-76074594827447252722017-08-19T11:43:00.001-07:002017-08-19T11:43:45.871-07:00Senior Citizen Income Scheme<div dir="ltr" style="text-align: left;" trbidi="on">
India is a country with the highest younger generation people. Compared to many developed countries, there is less focus for differently abled & elderly people. It is true that they do not have encouraging environment in this Country. In addition, the elderly do not have economically good guidance. Nowadays the rate of interest for savings schemes is decreasing,hence the guidance becomes essential.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhohOEOm7aG8zD9ECawmF876Z8ftb7yMqmBtRxvdVYF6VIJuur5AOVaXcHV0dDT_oeSIevrJKVC69bZ2u8MWUcD7AeNE69MTrE50_GLwZeTNi13X3ncF8KVfv3_NLpqJbTfKj79FaFpYfoT/s1600/old-people-1555708_1920.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1060" data-original-width="1600" height="263" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhohOEOm7aG8zD9ECawmF876Z8ftb7yMqmBtRxvdVYF6VIJuur5AOVaXcHV0dDT_oeSIevrJKVC69bZ2u8MWUcD7AeNE69MTrE50_GLwZeTNi13X3ncF8KVfv3_NLpqJbTfKj79FaFpYfoT/s400/old-people-1555708_1920.jpg" width="400" /></a></div>
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In my previous post <a href="https://moneyinvestorguide.blogspot.in/2017/07/good-monthly-income-scheme.html" target="_blank">Good Monthly Income Scheme</a>, I did not specify that it was best plan for senior citizens.Because there is a better plan for senior citizens than <a href="https://moneyinvestorguide.blogspot.in/2017/07/good-monthly-income-scheme.html" target="_blank">POMIS</a> and I mean it is not just about the Pradhan Mantri Vaya Vandhana Yojana(PMVVY)!!! It's also about 'Senior Citizen Savings Scheme(SCSS)'. Pradhan Mantri Vaya Vandhana Yojana was introduced when I was about to write on SCSS. Okay, I have decided to write about both of them.<br />
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Pradhan Mantri Vaya Vandhana Yojana(PMVVY):<br />
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Anyone who is above 60 years are eligible to join.<br />
The maturity period of the investment is 10 years.<br />
Investment can be done Only through LIC.<br />
You can choose to receive interest on monthly basis, quarterly basis, half-yearly, or yearly basis.<br />
The minimum and maximum investment details are given below.<br />
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<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-spacing: 0px; font-stretch: inherit; font-variant-numeric: inherit; line-height: inherit; width: 483px;">
<colgroup><col style="mso-width-alt: 4864; mso-width-source: userset; width: 100pt;" width="133"></col>
<col style="mso-width-alt: 5778; mso-width-source: userset; width: 119pt;" width="158"></col>
<col style="mso-width-alt: 7021; mso-width-source: userset; width: 144pt;" width="192"></col>
</colgroup><tbody>
<tr height="20" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit;">
<td align="left" class="xl63" height="75" rowspan="3" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 56.25pt; line-height: inherit; width: 100pt;" width="133">Mode of Pension</td>
<td align="left" class="xl63" rowspan="3" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">Minimum Purchase Price</td>
<td align="left" class="xl63" rowspan="3" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Maximum Purchase Price</td>
</tr>
<tr height="35" style="height: 26.25pt;">
</tr>
<tr height="20" style="height: 15.0pt;">
</tr>
<tr height="20" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit;">
<td align="left" class="xl64" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Yearly</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">Rs. 1,44,578/-</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs. 7,22,892/-</td>
</tr>
<tr height="20" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit;">
<td align="left" class="xl64" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Half-yearly</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">Rs. 1,47,601/-</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs. 7,38,007/-</td>
</tr>
<tr height="20" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit;">
<td align="left" class="xl64" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Quarterly</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">Rs. 1,49,068/-</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs. 7,45,342/-</td>
</tr>
<tr height="20" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit;">
<td align="left" class="xl64" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Monthly</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">Rs. 1,50,000/-</td>
<td align="left" class="xl64" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs. 7,50,000/-</td>
</tr>
</tbody></table>
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For 10 years, interest rate is guaranteed at least 8%. In the normal term deposit, RBI will increase or decrease interest rate once every three months which is NOT applicable for this scheme. However, it is necessary to check for any of the *conditions apply before investing money in this scheme.<br />
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The interest rate will vary depending on the interest rate we choose. If we invest Rs.1,50,000, the interest table is below.<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 483px;">
<colgroup><col style="mso-width-alt: 4864; mso-width-source: userset; width: 100pt;" width="133"></col>
<col style="mso-width-alt: 5778; mso-width-source: userset; width: 119pt;" width="158"></col>
<col style="mso-width-alt: 7021; mso-width-source: userset; width: 144pt;" width="192"></col>
</colgroup><tbody>
<tr height="20" style="height: 15.0pt;">
<td align="left" class="xl65" height="60" rowspan="3" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 45.0pt; line-height: inherit; width: 100pt;" width="133">Mode of Pension</td>
<td align="left" class="xl65" rowspan="3" style="width: 119pt;" width="158">Interest
Rate</td>
<td align="left" class="xl65" rowspan="3" style="font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Interest Per annum for 1.5 Lakh
Invested</td>
</tr>
<tr height="20" style="height: 15.0pt;">
</tr>
<tr height="20" style="height: 15.0pt;">
</tr>
<tr height="20" style="height: 15.0pt;">
<td align="left" class="xl66" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Yearly</td>
<td class="xl67" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">8.30%</td>
<td align="left" class="xl66" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs. 12,450/-</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td align="left" class="xl66" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Half-yearly</td>
<td class="xl67" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">8.13%</td>
<td align="left" class="xl66" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs.
(6907.5*2)=12,195/-</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td align="left" class="xl66" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Quarterly</td>
<td class="xl67" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">8.05%</td>
<td align="left" class="xl66" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs.
(3018.75*4)=12,075/-</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td align="left" class="xl66" height="20" style="border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 15.0pt; line-height: inherit; width: 100pt;" width="133">Monthly</td>
<td class="xl67" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 119pt;" width="158">8.00%</td>
<td align="left" class="xl66" style="border-left: none; border-top: none; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; width: 144pt;" width="192">Rs.
(1000*12)=12,000/-</td>
</tr>
</tbody></table>
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Interest payments will be credited in any of your bank account through NEFT.<br />
If the investor died within policy period(10 years), Nominee will be eligible to get investor's money.<br />
After 3 years, 75% of the investment can be taken as loaned. But the interest for that loan will eat your income & capital.<br />
There is no income tax exemption for this scheme.<br />
If there is a setback in this plan, you can not take the invested money whenever you wish. If you or your spouse need money for critical illness then only you can withdraw the invested amount. In this case, 2% will be taken as penalty and 98% will be returned. Check the list of any 'Critical Illness' before investing in this scheme.<br />
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Senior Citizen Savings Scheme has been introduced and available since 2004. It was introduced by the postal department first & now available in around 25 banks. But even some of the bankers does not know about this scheme. If the senior citizens asks for good income scheme, every bank recommends 5 year term deposits for which senior citizens will have additional interest rate of just 0.25%.<br />
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Below are the features of the SCSS:<br />
Anyone who is above 60 years of age are eligible to join. Those who retired through VRS and above 55 years are also eligible with few additional criteria.<br />
Investment can be done in the range of Rs.1000 to Rs.15 lakhs. Upper limit is higher than the PMVVY scheme<br />
As of July 1, 2017, 8.3% interest rate has been given. This will be increased/deccreased by RBI once in every three months. The maximum interest rate offered was 9.3% during 2012-13 fiscal.<br />
Interest will be credited to your bank account once in every 3 months.<br />
Youur investment will mature in 5 years. If you wish,you can extend it up to 8 years.<br />
You can provide a nominee for your investment.<br />
There is no income tax exemption for this scheme.<br />
You can not withdrew money invested for at least 1st year end.<br />
Upon withdrawal between 1 to 2 years, 1.5% penalty will be charged. For Ex, If you invest in 1 lakh and withdraw it in 1.5 years, you will get only 98500. But in this 1.5 year, you would have already Rs. 18675 Via Interest.<br />
Upon withdrawal between 2 to 5 years, 1% penalty will be charged. For Ex, If you invest in 1 lakh and withdraw it in 3.5 years, you will get only 99000. But in this 3.5 year, you would have already Rs. 43275 Via Interest.<br />
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Below a comparison with other income schemes,<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgy-PAITg6Lley555T1NZgoyADK2ObG2LQH1xl-IrZtI3SGg4XvsbD0PqN7stixHoEH40BN4yxv5Km5bn7KHXVHUZnsM37EJ7AR-EosoZm-mWTrrZQ9-_EWPPY_sl6X6whxfvD6WNlsj0Jg/s1600/Int2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="122" data-original-width="569" height="85" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgy-PAITg6Lley555T1NZgoyADK2ObG2LQH1xl-IrZtI3SGg4XvsbD0PqN7stixHoEH40BN4yxv5Km5bn7KHXVHUZnsM37EJ7AR-EosoZm-mWTrrZQ9-_EWPPY_sl6X6whxfvD6WNlsj0Jg/s400/Int2.PNG" width="400" /></a></div>
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SCSS provides more interest amount than fixed deposits (FD). Similarly, It has higher interest rate than PMVVY. Even though the National Savings Certificate (NSC) is more profitable, you can not get out of it during the whole 5 year period. Also, Interest will not be dispersed in every quarter.<br />
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On the whole, Senior citizen who don't need investment money urgently or within 10 years. Also who is looking for at least 8% interest rate can be invest in PMVVY. For others, I believe that the SCSS will be the best pension investment. Apart from this, Investors can decide based on their own personal circumstances.</div>
Sakthivelhttp://www.blogger.com/profile/07453636835050969470noreply@blogger.com1tag:blogger.com,1999:blog-5085637211659395767.post-88953459869111154242017-07-21T07:17:00.000-07:002017-07-21T07:17:11.946-07:00Good Monthly Income Scheme<div dir="ltr" style="text-align: left;" trbidi="on">
We will cross several monthly income plans in our everyday life. We will invest in some of them. The possibility of exploring which plan is best is not for everyone. Therefore, we are investing on the basis of the advice we receive during our respective needs.<br />
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Private investment plans are usually spread by more promotions. But the government has introduced better investment plan than those private. Yet, they do not get enough of the public attraction because of the lack of advertisements. This is one such plan.<br />
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150 years old Indian postal department was created during British rule which has wide spread presence all over the country. After Independence, Indian government had started using post office as an agency of government to spread various govt plans. As specified in my previous post (<a href="http://moneyinvestorguide.blogspot.in/2017/06/sirindia-post.html" target="_blank">Sir.......India Post.....</a>), India post has started doing various other business.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaiDmLpVvWOxJbtBnDb5u2RqWp9dKHs1csx_Wk7-O7CNl_QY_9rwd-qCTykKRS7M1lqPACY_YkuxoNuqr2r9eSOPvOQlC9dcFVDCaJLVlpsUCrR1UTrllyWdvdTgPj2KM6IuYPKvjHKUXG/s1600/StockSnap_E5RETXVN7R.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1067" data-original-width="1600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaiDmLpVvWOxJbtBnDb5u2RqWp9dKHs1csx_Wk7-O7CNl_QY_9rwd-qCTykKRS7M1lqPACY_YkuxoNuqr2r9eSOPvOQlC9dcFVDCaJLVlpsUCrR1UTrllyWdvdTgPj2KM6IuYPKvjHKUXG/s320/StockSnap_E5RETXVN7R.jpg" width="320" /></a></div>
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Postal office Monthly Income Scheme(PO MIS) is one of the government scheme which has been spread using India Post. The main features of this profitable scheme are as follows.<br />
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<ul style="text-align: left;">
<li>At least Rs.1500 should be invested as minimum investment.</li>
<li>Anyone over the age of 10 can start the investing in this scheme with the maximum threshold of 3 lakh.</li>
<li>4.5 lakhs threshold limit for individuals under 18 years old.</li>
<li>9 lakhs threshold limit for the joint accounts.</li>
<li>As of July 1, 2017, 7.5% interest rate has been paid. This will be changed by government once in every three months.</li>
<li>Investment will mature in 5 years.</li>
<li>Post office savings account is must to invest in this scheme.</li>
<li>Monthly interest will be credited to our savings account every month.</li>
<li>We can define/modify the nominee at any time.</li>
<li>There is no income tax exemption for this scheme.</li>
<li>You can not withdraw invested money invested at least one year.</li>
<li>If you withdraw your investment between 1 to 3 years before maturity, 2% penalty will be charged. For ex: If you invest 1 lakh and take it back in 2.5 years, you will get only Rs.98,000. But in this 2.5 years, earned interest will be Rs.18750.</li>
<li>If you withdraw your investment between 3 to 5 years before maturity,1% penalty will be charged. For ex: If you invest 1 lakh and take it back in 3.5 years, you will get only Rs.99,000. But in this 3.5 years, earned interest will be Rs.26250.</li>
</ul>
Below a comparison with other investments,<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKFovUdhS-gkL2ITpsdHyMNlkwRVHNl2RnV5lIDimveAmETt_jntvMQXKxA6WJxG8nCw0osUlTsDBND2_3tZ1oBxnHvTKOxPyZcXUGw3GW-Y3apLnf1KWo4HquEcgk9Jwc6tzYk9_y4x1u/s1600/Int1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="251" data-original-width="592" height="169" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKFovUdhS-gkL2ITpsdHyMNlkwRVHNl2RnV5lIDimveAmETt_jntvMQXKxA6WJxG8nCw0osUlTsDBND2_3tZ1oBxnHvTKOxPyZcXUGw3GW-Y3apLnf1KWo4HquEcgk9Jwc6tzYk9_y4x1u/s400/Int1.PNG" width="400" /></a></div>
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PO MIS provides more interest than FD's. Even though the National Savings certificate (NSC) is more profitable, you can not tap out of it in between 5 years. Moreover, interest will not be available any month.<br />
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For who says that I do not need monthly interest, postal department offers more option to go for the long-term investment. You can convert your monthly interest in to a recurring deposit by simply an additional form. In doing so, your interest will be compound. For ex: your 1 lakh in 5 years will change to 1.45 lakhs.<br />
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This is just another set of people who wants their Investment to be safe and at the same time the returns should be higher. These people will be able to earn a higher return on investments by investing the monthly interest in the stock market or mutual fund (MF) through a systematic investment plan. For: 1 lakh invest in this scheme will earn Rs 625 per month. If you get 15% returns in 5 years through mutual funds SIP, your 1 lakh will be 1.56 lakh.<br />
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Therefore, this monthly income scheme is a good plan for those who have taken voluntary retirement, those who have a surplus money in hand and looking for a stable income from investment.<br />
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I'll write about some more investment plans here. So keep an eye on this webpage :-)<br />
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Sakthivelhttp://www.blogger.com/profile/07453636835050969470noreply@blogger.com0tag:blogger.com,1999:blog-5085637211659395767.post-87677504259837497972017-07-15T09:57:00.000-07:002017-07-16T19:41:54.213-07:00Gold is old<div dir="ltr" style="text-align: left;" trbidi="on">
Gold .... what is gold? A metal. That's it... why can't we just move on like that?<br />
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As per statistics, Indians consume 28% of gold produced all over the world.. Why Indians go crazy about Gold? If women have gravity towards gold, there is a justification for it. They wear gold as a jewelry. There will also be millions of reasons for them for attraction towards gold starting from the neighbor house grandmother's earrings till film actress necklace.We wouldn't understand any of it. So let's leave it. But, why men are attracted towards gold!!<br />
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That's all because of its money value.Lets leave those exceptional men who wear those gold chain as if they are dogs tied up with chain. Other than that, everyone else is seeing gold as a good investment. There is reason for that. At the time of my great grandmother, eight grams of gold was 12 rupees and the same gold is now worth 25000 rupees. That's why gold is very important for everyone.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiaWKduP7eip1CJWFJINmxvWmD8ozOw_jHXTfiBzPwELDuFC13bJo-_RLEK5OF3NLrd_FCVjhBWqmYq5cNF5yGgyyymhnNR2udMZkBR5jGisRN8l2UyStoiClh0TFzJFJUVBQVXjUite2W/s1600/gold-513062_1920.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiaWKduP7eip1CJWFJINmxvWmD8ozOw_jHXTfiBzPwELDuFC13bJo-_RLEK5OF3NLrd_FCVjhBWqmYq5cNF5yGgyyymhnNR2udMZkBR5jGisRN8l2UyStoiClh0TFzJFJUVBQVXjUite2W/s320/gold-513062_1920.jpg" width="320" /></a></div>
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Gold is still the same investment vehicle. But the world has changed so much. Our idea towards gold was well-recognized by the government and tax was applied for purchase of gold similar to petrol. Even today, 3% is taxed through GST. Earlier, the price of gold can be well judged based on the seaons. The price of gold will go higher during Diwali and Pongal period. But after the globalization impact, gold is the product of the world stock market. There was a lot of change in gold sales. I am not talking about the monthly gold saving schemes in jewelry stores.<br />
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I will be explaining about the purchase of gold in electronic form which has many ways again,<br />
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<ol style="text-align: left;">
<li>Gold ETF</li>
<li>E-Gold</li>
<li>Gold Mutual fund or Gold Funds of Funds</li>
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Except people who considers gold as jewelry, all others can buy gold in electric form. Buying in the electronic format will have below advantages </div>
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• No worries about gold's quality</div>
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• No wastage & making charges</div>
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• When selling again, there is no concern about wastage & price reduction.</div>
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• There is no concern about gold's safety.</div>
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• No Wealth tax & G.S.T.</div>
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There are other taxes except the GST. Let's see it in detail later.</div>
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Gold ETF:</h4>
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Gold ETF(Exchange Traded Fund) is based on gold pricing in commodity market. We need a demat & trading account to buy gold ETF. It will be more volatile. It's better for a short-term investment. If you withdraw within a year of investing, you have to pay capital gain tax. No capital gain tax for more than a year. In the systematic investment plan, we can invest in the desirable minimum amount in regular intervals.</div>
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E-Gold:</h4>
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E-Gold has less stock market risk. There is a separate National Spot Exchange platform to administer this E-Gold and cannot be traded in NSE & BSE. Hence, it will be less volatile compared to Gold ETF. We need a Demat & Trading account to buy E-gold. It's great for long-term investments, such as daughter's wedding. But if we pull out less than three years, we will have to pay Capital gain taxes.</div>
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Gold Funds of Funds:</h4>
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Gold Funds of Funds or Gold Mutual funds is a mutual fund which will invest in gold ETF. It does not require a stock trading account to invest in. In the systematic investment plan, we can invest for the desired amount in regular intervals. If you withdraw within a year of investing, you have to pay capital gain tax along with the Exit load from fund house. Moreover, the expense ratio will be keptt on our head which are extra compared to Gold ETF. Therefore, the above investment options are better than this option.</div>
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Other than this, Central government has another scheme named Gold Deposit Scheme or Gold Monetization Scheme which is between 3 to 7 years. For the gold jewelry which is sleeping in your safety box, government will give interest. But the interest rate is very low. Also, there are rules to get our gold back in between. Moreover, they will scrap the gold and remove the wastage and will consider only the pure gold for the investment. So this is not a good investment.<br />
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I believe gold is still a better investment portfolio. But, Gold is old and electronic format of gold is even more better than physical gold investment in this modern era.<br />
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That's it right? Nope... there is still one usual point missing here... Guess? Disclaimer :P This blog is a mere co-ordinated information. Please analyze more on gold investment based on your personal financial situation and decide on your own.</div>
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Sakthivelhttp://www.blogger.com/profile/07453636835050969470noreply@blogger.com0tag:blogger.com,1999:blog-5085637211659395767.post-87931411819026943512017-06-17T03:23:00.000-07:002017-07-07T06:52:15.849-07:00Sir.......India Post.....<div dir="ltr" style="text-align: left;" trbidi="on">
If you are in home during day time in early 90's, you might have heard a voice says "Sirrrrrrrrrrrrrr... Post...." at your door step quite frequently. Most of us might have been for that voice eagerly on various occasions as the telephone communication itself was far beyond compared to what we see in this digital India...!!!<br />
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<a name='more'></a>Globalization and Privatization has its own hand in every sector and Postal department of India is also NOT an exception to it. It has lost its part of game to Private courier services which are faster with easy trace-ability.<br />
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There is a theory in IT industry that a multi skilled professional never loses his job and the same applies to India post as well. India post is the one of the well established organization which has its presence in every corner of India and Government of India was never letting India post to do the postal work alone. It was one of the key factor to make the govt plans reach people quite faster. India post was involved in the "money" business for a quite long time as an additional skill. It was providing multiple services related to Money. But, it was operating in a traditional way where you can imagine a group of oldies sitting and working in a 'Booth' Bungalow at a real slower phase like Zombies :-)<br />
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Recently around 2015, India post has stretched its wings and added more glamour to its money business as a Payment bank. With the core banking system in place along with Payment bank license from RBI, It has started providing various financial services which is dancing along with government policies like financial Inclusion, financial literacy etc.<br />
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<a href="https://www.indiapost.gov.in/Financial/Pages/Content/Financial.aspx" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="370" data-original-width="1028" height="142" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD0LDzGBx65qNAHsEOEvHQg8tudSPuEAE6cWhKAW_-suBsuhTcSnTPVlrq4XYP3fEdnY7WcCSKyK7t4zaIVaUlugzwiMa8GDKATeaGj23BvBYRnZ2Gs8jECynU7XRGz_LUaHzegMqv5Jw6/s400/IPPBnewbanner.jpeg" width="400" /></a></div>
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I was surfing for different details on postal services and landed on this payment bank. I was approaching it imagining the same old face which provides the money order services and few government bonds sales. Do you know that India post is offering services in Insurance, Forex & Mutual funds areas? Surprised right? I was also surprised to see that they are having ATM's, Internet banking and providing ATM+Debit cards to their customers. But, they are still in a very younger stage of this business and these services are available only in the limited branches.<br />
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India post is also offering different small savings schemes for us. Yeah, everyone might have heard about postal small savings scheme during school days. But, who remembers it..! Also these services are not advertised as much as other financial institutions does. Along with that, they don't have different tools like Interest calculator, Maturity calculator etc similar to modern day banks to attract its customers. So, I was searching for tools in internet for each savings schemes and found that the <a href="http://finotax.com/misc/po-calc">http://finotax.com/misc/po-calc</a> page has the calculator for all India post schemes in one place. It is easy to use this tool to find out the interest rate for different period, Interest amount & Maturity value. It will provide better vision to the investors on the investment returns. Actually after exploring these schemes, I found that India post is offering better rates and returns comparing to even nationalized banks in certain areas!! So I thought of posting it through this post about India post... :-)<br />
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R'evolution has an evolution in it and India post has both revolution and evolution in it now. I always believe that the government organizations are key to provide better services to Indian citizens to post the bigger Image of our country in the world and India post is right direction to do it....Way to go.... :-) Please follow this blog for further information on savings and investments...<br />
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Sakthivelhttp://www.blogger.com/profile/07453636835050969470noreply@blogger.com0tag:blogger.com,1999:blog-5085637211659395767.post-40637519910390551282013-03-16T20:51:00.003-07:002013-03-17T01:50:50.509-07:00Awesome "Aasai Mugam" Song<div dir="ltr" style="text-align: left;" trbidi="on">
Hey Buddies, I have been awestruck to this song for past 4 days. I keep on listening to this song in repeat mode. It just spreads all over me its magical peace. This will be the one of the songs which will be used in my whole life whenever I am disturbed.<br />
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Yeah, they have used Tamizh dialect of Brahmins which is different from Poet's own classical tamizh. But, I am very much pleased with their performance. :-)<br />
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If you have the habit of losing yourself in melodies, then I am sure this is the one melody you are looking for.<br />
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This is one of the songs from Shankar tucker sung by Vidhya and Vandhana Sisters. They have lot of songs in that album(Shrutibox) in youtube. All of them are really good. But, this song and "Nee Ninaindhal.. "(will post later) song sung by Vidhya and Vandhana Sisters are awesome.<br />
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This song was written by Great Indian Patriot Subramaniya Bharathiyaar. In Short Bharathi as everyone says, belongs to Tamilnadu. He died in 1921.(I will put a separate post on him).<br />
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Sorry to keep you people waiting so far. The situation of this song is that a girl who is in love with lord Krishna (Kannan) singing a song about his face while missing him very badly.<br />
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First listen to the song then I will give the lyrics and meaning later.<br />
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<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/i1h40CG2rlo?feature=player_embedded' frameborder='0'></iframe></div>
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Awesome... Right? :-)<br />
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Lets now see the lyrics and the meaning in English.<br />
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1st part<br />
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aasai mugam marandhu poachchae - idhai<br />
yaaridam solvaenadi thoazhi<br />
naesam marakkavillai nenjam - enil<br />
ninaivu mugam marakkalaamoa<br />
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1st Part in English<br />
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My beloved's face is forgotten - to<br />
whom shall I convey this my firend?<br />
The heart hasn't forgotten his love,<br />
can the face be forgotten<br />
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2nd Part<br />
kannil theriyudhoru thoatram - adhil<br />
kannanazhagu muzhidhillai<br />
nannu mugavadivu kaanil - andha<br />
nalla malarch chirippaik kaanoam<br />
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2nd Part in English<br />
In my eyes is an image - but<br />
his splendor isn't complete,<br />
when i recollect his face - that<br />
enchanting smile is not there<br />
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3rd Part<br />
thaenai marandhirukkum vandum - olich<br />
chirappai marandhuvitta poovum<br />
vaanai marandhirukkum payirum - indha<br />
vaiyam muzhudhumillai thoazhi<br />
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3rd Part in English<br />
A bee that forgot the honey - or<br />
a flower that forgot its radiance,<br />
or a crop that forgot the rain - are<br />
Not there in this whole world, my friend<br />
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4th Part<br />
kannan mugam marandhupoanaal - indha<br />
kangalirundhu payanundoa<br />
vannap padamumillai kandaayainini<br />
vaazhum vazhiyennadi thoazhi<br />
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4th Part in English<br />
If they forgot his face - what<br />
is the use of these eyes, my friend,<br />
I don't even have his portrait - then<br />
how am i to live my friend<br />
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(Source of Translation at the bottom of the page.)<br />
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Shankar tucker just used 1st and last part of this poem. Ah, Don't except me to comment on this poem. This was written by a Legend. <br />
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Just want to share this happiness with everyone with the meaning for Non-Tamizh Speaking people also. As I could see most of the people in you tube has asked for the meaning of it. <br />
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Bye pals. See you in next post with some more good stuff.<br />
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Thanks,<br />
S.Sakthivel<br />
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Source : You tube & <a href="http://ravishanker76.blogspot.com/2009/10/my-beloveds-face-is-forgotten.html">http://ravishanker76.blogspot.com/2009/10/my-beloveds-face-is-forgotten.html</a> Thanks.</div>
Sakthivelhttp://www.blogger.com/profile/07453636835050969470noreply@blogger.com2