Primassure LLP

What are Company Fixed Deposits? Business fixed deposits or Company Term Deposits are another name for company fixed deposits. Companies, housing finance businesses, or other categories of banking and non-banking financial institutions (NBFCs) provide these. This is a great way for businesses to request money from the general population. These FDs have excellent credit ratings from organizations like ICRA, CARE, and CRISIL, making them very reliable investments. These ratings indicate relative safety of the money deposited. The advantage for individuals investing in Company deposits is the higher interest rates compared to Fixed Deposits from Banks. Company FD Schemes Interest Rates 2023: (1-year tenure) - Company                                             Regular FD Rates               Senior Citizen FD Rates Kerala Transport Development ...

Exchange-traded funds (ETFs) are one of the strongest investment options, and they have recently attracted a lot of attention. To the uninformed, these funds—which pool client cash to buy a diverse portfolio of bonds and stocks—might resemble mutual funds. What specifically separates the two, then? The differences between mutual funds and ETFs aren't that great. One of the significant differences between the two is that ETF shares can be purchased through a brokerage, much like stocks, as opposed to a fund management company that offers mutual funds. ETFs operate largely like index funds. Instead, these funds look like a list of investments. The customer has the option of selecting between mutual funds and ETFs based on their convenience. If he or she already has a brokerage account, buying an ETF is quite easy and practical. A mutual fund is suggested if a shareholder doesn't have a brokerage account. What is ETF? The exchange-traded fund, or ETF, is a type of investment vehic...

We assume that a married woman can possess and manage her property without the assistance of her husband, regardless of whether it was a gift from her parents or something she worked hard for. It wasn't always like this. Typically, a wife gave up her ownership and managerial rights to her husband at marriage. The Married Women's Property Act, an important piece of legislation addressing this injustice, was adopted in 1850 as a result of early 1800s campaigns by numerous women's rights organizations. A wife was able to own and manage property without her husband's help for the first time in recorded history. Several countries quickly adopted this adjustment, and India put into effect a statute that was nearly identical in 1874. In light of the history lesson that was just provided, what significance does this have in terms of life insurance? Your loved ones might not always receive the insurance payout even if you have a life insurance policy in place and you pass away. ...

ETF vs MUTUAL FUND Exchange-traded funds (ETFs) are one of the strongest investment options, and they have recently attracted a lot of attention. To the uninformed, these funds—which pool client cash to buy a diverse portfolio of bonds and stocks—might resemble mutual funds. What specifically separates the two, then? The differences between mutual funds and ETFs aren't that great. One of the significant differences between the two is that ETF shares can be purchased through a brokerage, much like stocks, as opposed to a fund management company that offers mutual funds. ETFs operate largely like index funds. Instead, these funds look like a list of investments. The customer has the option of selecting between mutual funds and ETFs based on their convenience. If he or she already has a brokerage account, buying an ETF is quite easy and practical. A mutual fund is suggested if a shareholder doesn't have a brokerage account. What is ETF? The exchange-traded fund, or ETF, is a type ...

What is Financial Planning? Financial planning is a rigorous, step-by-step procedure for achieving one's own financial goals and life objectives. A financial plan serves as a guide for achieving and achieving your future financial goals. Basically, keeping track of your income, expenses, and assets can help you manage your money more effectively and accomplish your goals within the allotted time. “Financial goals should be specific, measurable, achievable, relevant, and time-bound when they are set.” The following benefits of financial planning are listed: Setting short-term, mid-term, and long-term financial goals. Increase life savings by deciding on discretionary income to save. Improve the standard of living with good financial planning without compromising the current lifestyle Crisis management with the help of a contingency fund. One must make sure to have an emergency fund that is at least equal to six months' worth of monthly income. Boost savings rate with the help of...

What is Health Insurance? A financial safety net that covers unforeseen medical, hospitalization and surgical costs is health insurance, also referred hospitalization insurance. It offers financial assistance to cover medical, hospitalization, and surgical costs. What are the Benefits of Health Insurance? Coverage against medical contingencies: Here, "contingencies" refers to crises. Getting personal accident insurance is strongly advised due to the unpredictability of life and the steadily rising prices of medical expenses. Your medical bills and other help during these trying times will be covered by the insurance provider. Financial protection against medical cost: Health insurance sets you free from all the worry about medical emergencies. All you will need to worry about is your health and recovery, or the recovery of a loved one. Hospitalization expenses: Any illness that necessitates immediate hospitalization is covered by most health insurance plans. But claims are...

Know Your Risk Appetite You must be willing to invest in assets carrying the maximum amount of risk you can tolerate if you want to reach your savings objectives. Your investments should ideally be set up in accordance with your level of risk tolerance. Investors should weigh both potential risk and the investment's future growth because the risk is a crucial factor in determining whether or not to pursue a particular investment opportunity. All investments are subject to market risk. How To Measure Your Risk Appetite? Your level of risk tolerance and your ability to assess the level of risk you can tolerate is referred to as your risk appetite. Think about the following: Are you ready to deal with short to the medium-term risk associated with aspired long-term investment gains? What would you do if the value of your portfolio dropped by 30% quickly? (The COVID-19 epidemic or the 2008 global economic crisis are two examples of such severe unrest.) How will these uncertainties affec...

One of the finest ways to build wealth in India is through the Equity-Linked Savings Scheme (ELSS) of Mutual Funds, which offers the shortest lock-in time and tax advantages. With the help of the ELSS mutual fund, you can reduce your taxable income by up to Rs.46,800 yearly and qualify for a tax credit of Rs.1,50,000 each year under Section 80C of the Income Tax Act of 1961. SAVE TAX + BUILD WEALTH = ELSS Which is better for ELSS investments: lump sum or a SIP (Systematic Investment Plan)? With a SIP, you have the option of investing weekly, monthly, quarterly, or biannually while continuing to make small contributions at regular intervals. It is simpler to profit from buying fund units during market cycles thanks to SIP, which enables you to buy more units when the market is down and fewer units when the market is up. SIP delivers more financial rewards upon redemption than the Lumpsum investment method during market upswings. Why recommend investment in ELSS with clear tax? ELSS mutu...

The act of deciding on one's financial goals and developing a plan for achieving them is known as investment planning. Investment planning is the foundation of financial planning. Investment planning begins with determining goals and objectives. Then, we must strike a balance between those goals and the available financial resources. Today, there are many options for investing, with cash, stocks, bonds, and real estate is the most well-liked. Based on the funds we have available. we can invest in these vehicles to help us attain our goals and objectives. Benefits of Investment Planning The importance and benefits of investment planning are stated below: ·          Family Security: For your family's security, investing wisely is essential. Even if the working member were to suffer a loss, the family's investment will guarantee the other members' financial stability. ·          Efficiently manage inco...

Critical illness sometimes throws a family into poverty.   Because of large amounts of money needed, every year 3% of the population, go one level down below their present class.   Clearly the illness affects our financial lives heavily. Due to the style of living, food, and pollution the probability of getting affected by life-threatening diseases are getting higher day by day. As per the statistics on Indian health the incidence of Diabetes, heart diseases and cancer have increased heavily.   We should be prepared financially so that we can concentrate on treatment and not the financial aspects of that. So, to be prepared for that, having a critical illness policy cover will be best. WHAT IS CRITICAL ILLNESS COVER? If the policyholder is diagnosed with one of the specific life-threatening illnesses on a predetermined list as part of an insurance policy, the insurer (insurance company) promises to provide a lump sum cash payment under the terms of critical illnes...

  Due to the rise in the number of high-net-worth individuals there, wealth management is evolving into a specialist segment of the financial sector in India (HNIs). The practice of wealth management is now comparatively well-established in India. 3.57 lakh HNIs were present in India as of 2021, according to a report that featured in the Mint. This figure is projected to increase to 6.42 lakhs by 2031, when India is predicted to become one of the greatest economies. WHO IS A HIGH NET-WORTH INDIVIDUAL?   Greater net worth those of us with personal liquid assets between Rs. 5 lakh and Rs. 5 crores. A liquid asset is one that can either be redeemed immediately without experiencing a major loss in value or is in the form of cash. You can think of your checking account balance, fixed deposits, stock investments, etc. as liquid assets. Understanding this allows us to see that the bulk of us are either High Net Worth Individuals or, at the very least, on the fringe. Whether or no...

A critical Illness is a life-threatening disease that disables you from performing your normal occupation. Various studies have revealed that the incidence of Critical Illnesses have increased manifold. Reasons are many, and these include stress, a sedentary lifestyle, junk food, lack of physical exercise and so on.  Nevertheless the fact is that along with the incidence rates, also increasing are the costs of treatment. It makes eminent sense to purchase a Critical Illness (CI) cover from an Insurance Company. Which Illnesses are Critical In India, Critical Illness covers are sold as stand-alone policies by General Insurance companies and as add-on covers (riders) by Insurance companies. This means that if you wish to buy a Critical Illness cover from a life company, you must have an existing life policy with them.  Most companies (Life or General) cover at least the top 6 Critical Illnesses: First Heart Attack Stroke (Cardio Vascular Accident or CVA) Cancer Kidney Failure Ma...