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Showing posts with the label Investment

How to use Income Tax Refund

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  How to use Income Tax Refund    While paying taxes we always feel bad that we are paying to government part of our hard earned money. But when you received Income Tax refund then you feel like its also your savings. What you are getting back from government is savings with government. In Today Article   I will suggest goods uses of Income tax Refund? If you will be receiving an income tax refund, have you considered how you will use it? Before you give in to the pressure from family, friends, and retailers to spend your refund, why not buy yourself a little time. Think of this refund as a financial opportunity for you ! Then, think maximize . Ask yourself how it can bring the most benefit to you. Gave yourself some options what you can do with refund. Here are some points to consider: Be Selfish! Yes, I said Be Selfish. Is there something you have had your eye on for a while? If so, consider taking a small part of your refund and do something...

Sukanya Samriddhi Yojana scheme

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    The government has come up with several schemes to promote daughters' education. The Central Government's Sukanya Samriddhi Yojana scheme is a good investment scheme for saving girls for higher education and marriage under the age of 10 years. Ministry of Finance is authorized to start Sukanya Samriddhi Yojana (SSY). Customers can open an account at any bank branch or post office by submitting their account opening documents. The account will be opened in any of the 42 nominated branches. The Sukanya Samriddhi Yojana (SSY) was launched by the Government of India on 21st January 2015 to improve the condition of daughters of the country. The goal of this scheme is to provide higher education to girls under Beti Bachao Beti Padhao Camp and the Government of India has started this scheme for big wedding expenses. Account can be opened at any departmental post office or authorized banks in India. The opening amount for the SSY account is Rs.1000. Thereafter, depos...

Reasons for Investing in Mutual Funds

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    Reasons for Investing in Mutual Funds Investing money in stock market is still a taboo in India people still fear from investing in stock market, they think in making investing in stocks, mutual fund they will definitely bankrupt one day. They feel safe in saving their money in revenue deposits and fixed deposits. To many people, investment is like rocket science. Initially, it may seem to be complicated or intimidating. However, mutual funds are a wonderful and convenient way to invest your money for both seasoned and new investors. Smartly Managed They are managed by fund manager who is profound at tracking the markets and managing the investments. They guide you at every point from when to buy and which one to buy to when to sell the stocks. They manage your funds far better than you. The fund managers have a vast experience of all financial matters and they are an assurance that your investment is safe and will flourish with time. They take the entire responsibi...