The recent government decision to reduce the National Savings Scheme (NSS) interest rate to zero has created concerns among investors, especially retirees. Effective October 1, 2024, all funds held in NSS accounts will cease to earn interest, impacting thousands who had planned their finances around this scheme. This blog explores the financial implications of the …
Over the last two years, more and more investors have bought units of equity mutual funds. Equity related schemes have received net inflows of around Rs. 72,000 crores year-to-date (YTD) as per data from AMFI (Association of Mutual Funds in India). However, buying too many popular and star-rated equity funds may be counterproductive for creating …
The Employees’ Provident Fund Organisation (EPFO) celebrates its Foundation Day on November 1 each year. The year 2024 marks EPFO’s 72nd Foundation Day. This government organisation operates under the Ministry of Labour & Employment, and its Central Board of Trustees was formed by the Central Government through the Employees’ Provident Funds and Miscellaneous Provisions Act …
Prime Minister Narendra Modi on October 29 launched a new health coverage initiative for all senior citizens aged 70 and above, regardless of income, under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). Recently approved by the Union Cabinet, this program aims to provide essential health benefits to approximately 6 crore senior citizens …
In today’s world, personal finance is crucial for individuals of all age groups. However, when we examine two influential generations, Generation Z (Gen Z) and Millennials, we observe stark differences in their approaches to managing money. Shaped by the unique experiences of their times, these generations differ in financial habits, investment strategies, and overall outlook …
With Dhanteras around the corner, the age-old tradition of buying gold is on everyone’s mind. But here’s a twist: instead of gold jewelry, more and more Indian investors are opting for Gold ETFs. And the numbers show why! What’s Behind the Gold ETF Boom? In 2024, Gold ETFs have seen a surge in demand, driven …
In India, buying gold and ornaments on Dhanteras is considered lucky and a sign of prosperity. Dhanteras marks the start of the 5-day Diwali festival, which begins on October 29, 2024. The first day, known as Dhanteras or Dhantrayodashi, involves worshipping Lord Kuber and Lord Dhanvantri while purchasing gold, silver, and other items for good …
With Diwali approaching, the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), and the Multi Commodity Exchange of India (MCX) have announced Diwali Muhurat Trading sessions. In most regions, Diwali will be celebrated on October 31, 2024, while some will observe it on November 1 due to local customs. What is Diwali Muhurat Trading? …
Dhanteras, or Dhantrayodashi 2024, is celebrated 2 days before Diwali, marking the start of the 5-day Diwali festivities. It’s a day when devotees worship Lord Kuber – the God of Wealth, Lord Dhanvantari – the God of Ayurveda and Health, and Goddess Lakshmi – the Goddess of Prosperity. This day is considered highly auspicious for …
Dhanteras is a highly auspicious Hindu festival that marks the beginning of the Diwali celebrations. It falls on the 13th lunar day of Krishna Paksha in the month of Ashwin, and in 2024, it will be celebrated on Tuesday, October 29. The name ‘Dhanteras’ is derived from two Sanskrit words—’Dhan’ meaning wealth and ‘Teras’ referring …
