Affordable housing is one of the major focus areas of the present Government. Pradhan Mantri Awas Yojana (PMAY) was launched in 2015 to promote affordable housing. Under PMAY, the Government launched Credit Linked Subsidy scheme (CLSS) to provide relief to such buyers who take loan to purchase or construct a house . Under the scheme, the Government, through its nodal agencies … [Read more...] about How Interest Subsidy is calculated under Credit Linked Subsidy Scheme in PMAY?
The Government of India is coming out with Further Fund Offer (FFO) of CPSE ETF. FFO opens on January 18, 2017 and closes on January 20, 2017. The Government plans to raise Rs 4,500 crores with an option to retain over-subscription up to Rs 1,500 crores. Should you invest in follow on offer of CPSE ETF? Let’s discuss the various aspects. What are Exchange Traded Funds … [Read more...] about Should you invest in CPSE ETF follow on offer?
Life is fickle. Anything can happen. You purchase insurance to protect yourself financially against such unfortunate events. A good insurance portfolio ensures that you (or your finances) are covered against all eventualities. Life insurance proceeds will ensure that your family achieves the financial goals in your absence. A health insurance plan will ensure quality health … [Read more...] about Do you need a Personal Accident Insurance Plan?
What, according to you, is an emergency? I am sure, for the most of us, medical hospitalization will rank at the very top. And where do you keep money that you would touch only in the event of medical emergency? Where do you keep funds for medical emergency? Cash in Hand or Cash in Savings Bank account. A few of us also keep in fixed deposits. The reason is ease of … [Read more...] about ICICI Prudential Medical Advantage Feature: Is it any good?
It is often said that you must not mix insurance and investment. However, if you get life cover absolutely free of cost while making an investment, should you ignore it? A few AMCs provide you an option to avail life cover (free of cost) when you start SIP in select schemes from them. Yes, the life cover is INDEED free and cost is borne by the AMC. How does it work? Life … [Read more...] about You may get free life cover along with your mutual fund SIP