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Investment Makes You MultiMillionare

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What is long-term investment? Long term investment means holding different assets like mutual funds, securities, shares and stocks for more than a year. A year seems to be a long time, but it does not qualify to be called as a long-term investment. Long term investments are mostly investments that go far in time for a span of 3, 5, or 10 years. We understand that the amount of time looks long to lock a certain sum of your money but it is worth it. You will be surprised how your money worked for you and made your present requirements look like a piece of cake. Yes, investments are supposed to be done wisely, as the returns will be able to solve a lot of future issues when you get them back.  But why does it needs to be long term? Is there any reason for it? Or is it just a marketing hype to hoard your money. There is nothing like you think it is. When you invest in mutual funds or stocks the game is all about market risks. It is all connected to the market of your country. Therefore...
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What is Elss And It's Benefits? |Updated

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    Tax Benefits      Under Section 80C of the Indian Income Tax Act, you can claim tax benefits on certain expenditures and investments. ELSS mutual funds and tax-saving FDs are two of the various investment options covered under Section 80C provisions that provide tax deductions of up to Rs.1.5 lakh a year. Each of these options comes with their set of goals, risks, and returns First time investors:     If you are a new investor, ELSS is an ideal choice, since in addition to tax benefits you get a flavour of equity investing and mutual funds. Yes, equity investments do carry a higher risk, but that is generally over the short term. If you invest for more than five years, the risk is much lower. Like all equity investments, the best way is to start investing in monthly SIPs through the year. SIP in a ELSS fund helps you to accumulate more units when the market is in red and generate exceptional returns when the markets are favourable. ...
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Must Know| Why PF Account Is Disabled?

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RAISE GRIEVANCE IN EPFO PORTAL Step 1: UAN Account Error “Account is Disabled  ” While Trying to login into EPF Member Portal (i.e UAN Account) it shows the Account Disabled Error (EPF Grievance for UAN Account is Disabled) Step 2: Go to the EPF grievance portal https://epfigms.gov.in/ After opening the Grievance Portal click on the “Register Grievance”  tab and select the status PF Member Step 3: Selection For Claim ID Select the No option for the Claim ID (Claim ID is PF Withdrawl Acknowledgement Number) Step 4: After Claim id NO, Enter UAN Details Now you Enter your UAN Number and the website Security code And Click on Get Details Step 5: Verify your UAN Details After clicking on Get details, on the Screen, you Get your UAN Details.  Please check the UAN Details. If the details are OK, Then Click on GET OTP After entering the OTP on-screen and proceed further. Step 6: Enter Your Personal Details Please enter your Personal Details • Gender • Address • Pinco...
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Employment Provident Fund 2022 Details

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EPFO   The Employees’ Provident Fund Organization (EPFO) has issued around 41.7 million Universal Account Numbers (UANs). Also, the EPFO is expected to launch its scheme on making Provident Fund numbers portable on 23rd,September 2014. So, it is advisable to know – What is UAN? How to activate UAN registration? What is the procedure to update KYC on UAN? What are the facilities available on UAN member portal? What is Universal Account Number? UAN is a unique identification number issued by EPFO to its members. A universal number is generated for each of the PF (Provident Fund) Account Number at EPFO. This UAN will act as an umbrella for the multiple ‘Member Ids’ allotted to the same individual (Employee or EPF Account holder). What are Member-IDs ? • Let’s say you have been working for Infosys for the last 2 years. You might be contributing to EPF through your EPF A/C. EPFO treats Infosys as an ‘Establishment’ and ‘You’ as a ‘Member’ of EPFO. Since you are a member of E...
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Investing To Create Wealth In Current Fiscal Year

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Investing In Your 20's Investing is an excellent way to build wealth and plan for your financial goals. It’s also the primary method for saving for retirement, and it can help you reach many other financial milestones along the way. Young people have a considerable advantage when it comes to investing. By starting in your 20s rather than waiting until later decades, you have the potential to grow significantly more wealth, take advantage of technological innovations, and take on slightly more risk. How much to invest • The first thing you need to do is save as much as you can to invest. For this, you can divide your income into three categories – Needs, Wants, and Savings. • Dedicate a fixed percentage of your income towards savings. The Thumb rule is 50:30:20 i.e. 50% for needs, 30% for wants, and 20% for savings. But now that many of you are living in your homes due to work from home, you may afford to dedicate a larger part of your income to savings. • If you dedicat...
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