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Showing posts from December, 2020

Where to invest money in India

 Where to invest money in India? There are more than 100 investment alternatives available in India. Here in this blog post I have compiled all in one place. good Financial independence should be our number priority of life. To achieve this goal one must invest in profitable assets. Variety of assets will provide advantage of portfolio diversification. Stock market mostly trade at overvalued levels. In such a situation investors should not buy stocks. If one knows an alternative, money can be parked there (instead of stocks). Generally people invest in stocks, mutual funds, real estate or gold. But there are hosts of other ways to invest money. I agree that it is not easy to convince people to invest elsewhere. But such a comprehensive list in one place may help. For our grandfathers, investment meant buying an insurance plan. If they went a step further, they will buy a PPF, NSC or KVP – no more. Why it was so? Not because they could not take risk, they simply did not knew about o...

What Is Recurring Deposit Account

  Looking for an easy saving tool? A recurring deposit (RD) may be the answer to your question. So, what is recurring deposit? An RD account is one where you invest a specific amount of money every month. But what is RD account for, you ask? Well, you earn an interest on your saving. It is a simple investment tool that helps you learn the discipline of investing money every month as well as earn interest on your investments. Almost all banks offer  RD accounts . The interest offered is different for every bank. It usually lies in the range of 5 to 8 % per annum. What are the features of an RD account? There are several aspects to an RD account. Some of the main features are: Minimum saving: You can start with a minimum saving of Rs10. It is a saving tool for all classes. An RD account gives you the chance to start saving low and grow eventually. Tenure: The minimum period for which you can invest in an RD account is six months. You can invest for up to 10 years. Interest rate:...