investment - Blog - eFinancialConnect2024-03-28T23:59:28Zhttps://efinancialconnect.com/blog/feed/tag/investmentInvestment: Post office term deposits vs bank FDshttps://efinancialconnect.com/blog/investment-post-office-term-deposits-vs-bank-fds2014-07-02T09:43:28.000Z2014-07-02T09:43:28.000ZNoopur Shahhttps://efinancialconnect.com/members/NoopurShah<div><p>When it comes to risk-free investment, post office term deposits are a handy option. If you plan to open one, but are in a dilemma over whether to go for bank fixed deposit instead, it would be in order to do a comparative analysis.</p>
<p>Interest rates</p>
<p>A post office term deposit is much like a bank FD with tenures of 1/2/3/5 years. However, with post office term deposits, interest rates for each of the tenures are fixed. Interest rates on bank FDs, on the other hand, vary with market conditions, with many lenders coming out with odd term fixed deposit schemes to fix their asset-liability ratio. For example, a bank may come out with a 364-day fixed deposit with interest rates that are 1% higher than for a one-year and 16-day FD.</p>
<p>While you need to be an Indian resident to open a post office term deposit, there are no such restrictions for a bank FD. In fact, NRIs, in many cases, get higher rates of interest.</p>
<p>Deposit amount</p>
<p>The minimum amount for opening a post office term deposit is R200, and its multiples thereafter. Bank deposits have tenures ranging from less than 15 days to over 10 years. The minimum deposit amount, however, varies with banks, and schemes. Many banks keep a higher minimum deposit amount and allow only a few privileged customers to open FDs. The minimum deposit amount may be as high as R10,000 in certain cases.</p>
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<p>Read more - http://www.financialexpress.com/news/investment-post-office-term-deposits-vs-bank-fds/1265534</p>
</div>Standard returns on investment (annual)https://efinancialconnect.com/blog/standard-returns-on-investment-annual2014-06-30T08:21:19.000Z2014-06-30T08:21:19.000ZDhawal Davehttps://efinancialconnect.com/members/DhawalDave198<div><p><span class="font-size-4" style="color: #0000ff;">1. Fixed Deposit : 9 % to 9.5%</span></p><p><br/><span class="font-size-4" style="color: #0000ff;">2. Gold: 12% to 15%</span></p><p><br/><span class="font-size-4" style="color: #0000ff;">3. Real Estate - 15% to 18% (investment horizon 5 years)</span></p><p><br/><span class="font-size-4" style="color: #0000ff;">4. Equity (Stock) - 15% to 22% (need regular watch on market and support from financial advisor.</span></p></div>How to control your house expenses and make moneyhttps://efinancialconnect.com/blog/how-to-control-your-house-expenses-and-make-money2014-06-21T07:16:17.000Z2014-06-21T07:16:17.000ZDhawal Davehttps://efinancialconnect.com/members/DhawalDave198<div><p><span>Categorized your expenses in 3 categories: Need, Wants and Luxury. </span><br/><br/><span>For example, grocery is need, seeing movie is want and seeing movie in multiplex on recliner chair is luxury.</span><br/><br/><span>In today's scenario, 50% of expenses are on luxurious items. If you cut it down by even 10%, major money can be saved and invested into various investment options, which can give you yield of 14-15%.</span><br/><br/><span>Just for an example: if you save INR 5000 monthly, and invest it in any instrument giving 14-15% return, compounding effect of 5 years will be total savings of INR 4,36,000 !!!</span><br/><br/><span>You can email us on info@sunflowerbroking.com to get personalized financial planning advisory.</span></p></div>Finance & Women: Is the scenario changing or is this area still male dominated ?https://efinancialconnect.com/blog/finance-women-is-the-scenario-changing-or-is-this-area-still-male2014-06-20T07:55:25.000Z2014-06-20T07:55:25.000ZDhawal Davehttps://efinancialconnect.com/members/DhawalDave198<div><div><p>Traditionally, it is observed that female members in most families are not given importance when it comes to taking financial decisions /planning.</p></div><div><p></p></div><div><p>In contemporary world, in <b>almost </b>every family, at-least one female member is working / earning member and contributing well to total income of the family, in some cases<b> </b>earning<b> </b>more than male members.</p></div><div><p></p></div><div><p>Yet, in majority of cases their opinions are not sought for taking any financial and investment decisions.</p></div><div><p></p></div><div><p><b>Though</b> <b>times are rapidly changing & women are now actively participating in financial/investment decisions, I would still say that this change is rather slow & needs to accelerate & gain momentum.</b></p></div><div><p><b> </b></p></div><div><p><b>Why is the change slow?</b></p></div><div><p><b> </b></p></div><div><p><b>Many questions arise which can be debated & discussed.</b></p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because “Finance” is still a male dominated area ?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because men used to take decisions related to finance & were responsible for </p></div><div><p><font> failures / successes </font><font>which they do not want to pass on t</font><font>o </font><font>women today ? </font></p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because <b>women </b>not updated with financial tools/terms?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it because <b>women </b>are afraid of taking risks?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Are women afraid of equity / financial market?</p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>Is it that for them investment means <b>gold jewelry, real estate including their</b></p></div><div><p><b> residences </b><b>& </b><b>fixed bank deposits ?</b></p></div><div><p><b> </b></p></div><div><p><font face="Symbol">·<font face="'Times New Roman'"> </font></font>There are so many questions <b>which need concrete answers.</b></p></div><div><p></p></div><div><p>I am taking this topic to all <b>women </b>and their male<b> counterparts</b> <b>for discussion so effective conclusions can be reached.</b></p></div><div><p><b><font> </font></b></p></div><div><p><b><font>My agenda is not to simply discuss. I am gearing up my team to setup an entire women friendly investment advisory division, </font></b><font>which will be run and managed by <b>“women for women”.</b> </font></p></div><div><p><font><b> </b></font></p></div><div><p><font><b>We believe that if a woman can become an earning member and take crucial decisions in her respective job, why can’t she take independent financial decisions? Why must she rely on her husband/father/brother or any male member when it comes to taking decisions in financial investment?</b></font></p></div><div><p><b> </b></p></div><div><p><b>I, specially, request all women who are taking independent financial decisions or contributing to financial and investment decisions of their families, please send your stories as to how and what kind of investment decisions you took/are taking/planning to take for creating wealth.</b></p></div><div><p><b> </b></p></div><div><p>All readers are requested to give their comments/suggestions here or they can send their views </p></div><div><p>on <font color="windowtext">dhawaldave@sunflowerbroking.com</font> and <font color="windowtext">preitudave@gmail.com</font></p></div><div><p></p></div><div><p><b><i>Article conceived and scripted by Dhawal Dave – CEO (Sunflower Broking), edited and improved by Preitu Dave – counterpart of this initiative at USA.</i></b></p><p><b><i> </i></b></p></div></div>