Separate Needs from Goals and Secure your Future.

Separate Needs from Goals and Secure your Future.

71% of parents in India are willing to go into debt to fund their child’s higher education 3.44% is the dismal extent of insurance penetration in India 89% of healthcare expenditure is done out of pocket by Indians. 71% of what they will actually need at retirement is what most Indians manage to save – up   Source: As quoted by ET Wealth based on Aviva Health Plan India Plan study What does the above data tell us?  The data is an eye-opener on the dismal state of individual financial…

Read More

Small savings interest rates cut: PPF inflows will not be impacted

Small savings interest rates cut: PPF inflows will not be impacted

The sharp lowering of interest rates on small savings may be considered a signal to the Reserve Bank of India to cut interest rates. If the RBI cuts interest rates, returns of debt funds will improve Small savings are borrowings by the central government and therefore are absolutely safe. Time deposit rates and postal savings rates are not very different from the interest rates offered by commercial banks. For example, rates on deposits up to 2 years are lower than the State bank of India term deposit rates. Small savings…

Read More