Recently one of well known finance professional Manoj Nagpal conducted online poll about significance of number of units.The poll was like this: In fact there are 2 ways to look at the aspect about number of mutual fund units. Aspect 1: Consider SIP in two different funds having different NAVs Consider Fund 1 with NAV…
Deposit Rates Of HDFC,Mahindra Financial Services,DHFL & Shriram Transport May 2016:
Following the interest rate trend in market, Non-banking finance companies have updated their deposit rates. NBFCs like HDFC,Mahindra & Mahindra financial services,DHFL,Shriram transport which are well known companies accepts deposits from public. Click here to view deposit rates of HDFC. Click here to view deposit rates of Mahindra & Mahindra Financial Services. Click Here to…
What Is SWP – Systematic Withdrawal Plan – Benefits & Risks:
My friends uncle retired recently.He has received retirement benefits of nearly 40 lakh. He want to make some provisions of monthly income (Rs.40,000 per month)throughout retired life.Now he has following options to get periodic income benefits. Senior Citizen Savings scheme (Quarterly income). Fixed deposit – Non Cumulative. Immediate annuity from insurance company. Periodic dividends from…