Investment Archives -

How to Plan an Inflation-Resistant Retirement Corpus?

Wed, 31 May 2023 17:31:59 +0000

The Buyt Desk

As you closely observe the retirees in your surroundings, you will notice two distinct groups. One group retired from a government job enjoying a comfortable retirement supported by a decent pension. Another group of retirees struggle to make ends meet and find it difficult to cope with the rising cost of living. They are private job retirees having no pension or second income source.

But, shortly, the disparity between these two groups will no longer exist as the government has ended the pension scheme in most jobs. As a result, those who are proactive and plan retirement corpus smartly will likely to have a more comfortable and fulfilling post-retirement life.

Thus, one must plan for retirement at an early age. And while planning the retirement corpus, keep the inflation in the centre. It is because inflation will increase the price of everything around. Today, things that cost Rs 100 would cost Rs 200 or even more after ten or twenty years.

If you don’t believe this, remember that cup of tea you would enjoy with your friends in the canteen during college. At that time, the cost of that cup was Rs 2, and now, the same cup might cost you Rs 10 or even more. The price rise is the result of inflation.

After ten more years, the price of the same cup of tea will be even higher because of inflation.

So, you must understand that inflation has a compounding effect on prices. It means the prices of things will continue to rise year after year, and if you plan your retirement corpus according to the current inflation rate, you may fall short of the funds required to sustain you during the post-retirement period.

E.g., Suppose today you need Rs 1 cr for retirement. After 20 years, with 6 % inflation, your requirements will be Rs 3.20 cr to meet the same requisites.

What is the Best Method to Grow Your Retirement Corpus in Pace with Inflation?

Building a corpus for retirement in pace with inflation doesn’t mean you should work harder and save more. Instead, let your investment do this job for you. It is the easiest and smartest way.

To ensure your investment grows in pace with inflation, it must earn at least 1% or 2% interest above the projected inflation.

The average inflation in India is 6%. Hence, your target should be to earn a minimum of 7% to 8% return on investment post-tax deduction.

You can target 1-2 % above the inflation, but try to attain a 7-8 % average. If you fail to do so, inflation will harm your retirement corpus.

Which Investment Products Give Higher Returns?

Traditional investment products such as FD, PPF, and NPS generally yield a return that ranges between 5-6 per cent. On the other hand, investment products like mutual funds, equity, and real estate deliver more return, up to 11-12% in the long run.

Although, the investment is subject to individual risk-taking ability. The investment that gives higher returns comes with high risk too.

Conclusion: Planning for retirement corpus is the need of time today. To ensure your retirement corpus outpaces inflation, include traditional and non-traditional both investment products in your portfolio. Traditional Investment products like FD, Bonds, and PPF offer relatively stable returns but may not keep up with inflation. On the other hand, non-traditional investment products such as the stock market and mutual funds have given higher returns and outpaced inflation.

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Is Mutual Fund a New Investment Destination for Indian Women?

Thu, 25 May 2023 17:33:57 +0000

The Buyt Desk

Things are changing for women in India in every sector. They are doing all types of jobs, even the traditional male-dominant bastions. So, when it comes to finance management, they are not behind. Women are doing excellent work in personal finance management.

The latest study by the Association of Mutual Funds in India (AMFI) states that women’s participation in the Mutual Fund industry has witnessed a significant increase in the last few years. It has risen to 14% year-on-year. The number of women investing in mutual funds has increased to 74.5 lakhs in December 2022 compared to 63.8 lakhs in the same month last year. The more interesting fact is that the increased number of women investors in mutual funds is not limited to big cities. Instead, there is participation across the country.

The number of unique investors has tripled from 2017 to 2023. In 2017, the number of women investors in the mutual fund was 1.20 Crore, which has risen to 3.77 Crores in 2023. The leap has come after the Covid-19 breakout.

According to the AMFI, women investors in the 25-35 age group have shown higher participation. It means young professional women have become cautious about their finances and doing financial planning proactively.

In terms of Age

If we break the data age-wise, 35 percent of investors are in the age bracket of 45 years and above. The major contributors are women between the 18 to 24 year age category. Their percentage share has increased in the last ten years.

In terms of Asset

In terms of asset break-up, women investors have invested approximately Rs. 6.13 trillion in regular Mutual Funds and about Rs 1.42 trillion in direct plans.

Women have come a long way in the last few decades and have changed their stereotypical image. It is visible in the field of financial planning as well. They know how to handle their finances to secure their future. The rise in women investors in the Mutual Funds market reflects the same.

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5 Investments That Will Support Your Child’s Education

Wed, 24 May 2023 18:17:03 +0000

The Buyt Desk

As your child starts schooling you start planning for her/his higher education too. You realize how the cost of education has increased over the years and you don’t want to leave any stone unturned when it comes to her/his higher education. So, what is the foolproof plan to ensure you and your child get what you both aspired for when she/he is ready?

The cost of higher education has increased tremendously in the last few decades. It has risen more than food, fuel and medicine. Its average inflation rate is 10%-12% per year. Therefore, it becomes prudent for you to get worried about your child’s higher education before it’s too late. If you start investing at the right time, in the right plan with the appropriate amount, you can secure your child’s higher education fund before they are ready to fly.

Best Investment Avenues to Support the Education of a Child

Children-Focused Insurance Policy – Children-focused insurance policies are one of the preferred ways to secure funds for higher education as well as protect the child incase of any eventuality. If the parent meets with an untimely demise this plan can help in covering the expense of the education. They give bonuses and sometimes even a return on the investments too.

Additionally, unlike the usual investment plan, the children-focused policy becomes a hedge for children in difficulty. Waiving off premium if something happens to the premium depositor and paying the sum accumulated are a few of them.

Equity Mutual Fund – If you have an appetite to take risks, an equity mutual fund could be an option you can rely on. It gives a better return than children-focused policies and thus has the potential to beat inflation in the education sector. The average annual return mutual fund has offered till 2022 in several broad categories is 11.54%. However, before investing in a mutual fund, do check its nitty-gritty. It is crucial.

Public Provident Fund – PPF is a traditional but the most effective way to accumulate funds to support child education. It is one of the most favoured options among investors.It has government backing, offers steady, decent returns and is tax efficient. PPF accounts are easy to open at the post office and banks. But do remember that it has a long lock-in period of 15 years.

Invest in Sovereign Gold Bond (SGB) – Gold has been a consistent performer in offering returns. Because buying and keeping solid gold is risky these days, SGB is a safer way to invest in gold. It offers an interest of 2.5% pa on face value with capital appreciation. With SGB you lock your money for a long term i.e. 7 years though you could sell it in the secondary market after the fifth year. SGBs come with the benefit of capital gains exemption if held till maturity.

Recurring Deposit – If you do not have a lump sum amount, you cannot invest in a policy or FD. In this situation, RD is a solution. A regular deposit of a small amount will help you build a corpus. It is also a way to get a contingency fund. An RD of Rs 2,000/month for five years at an average interest rate of 6% can help you accumulate Rs. 1,40,128. Or you can open a recurring deposit for one year to build a corpus for FD or another investment that offers a higher return.

Things to Remember

Be critical while selecting an option to build a corpus for your child’s higher education. Invest in plans that can beat inflation in the sector yet offer security. For that, it is better not to rely on one investment avenue. You can choose two or more plans to get a better return and avoid financial stress.

Make small goals and try to achieve them step by step. Most importantly, start as early as possible. If you start early, you will get better results.

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5 Investment That Can Give You Regular Income

Sat, 13 May 2023 15:17:49 +0000

The Buyt Desk

We invest to make return. This is a way in which we grow our money for us. Here are 5 ways to invest your money that will give you assured monthly return.

Bank Fixed Deposit

Fixed deposits (FDs) with monthly payout are the most popular investment option to get regular income. By investing in this scheme, your investment amount gets locked for a fixed tenure and you’ll earn interest on your investment. You can consider a regular payout on a monthly, yearly, quarterly, or half-yearly basis. Fixed deposit with monthly payout is also called non-cumulative fixed deposits.

Bank FDs have a insurance protection for the deposit up to Rs 5 lakh. This investment option provides mid-high single digital interest rates, allowing investors to invest their money into an extremely secure scheme and get a guaranteed payout each month. You can earn money without the risk of losing your valuable amount due to market fluctuations.

Post Office Monthly Income Scheme or POMIS

This is a low-risk investment option offered by the Department of Post (DoP), Indian Post. The DOP reviews the interest rate quarterly. The POMIS is perfect for risk-averse investors who need regular income. The interest rates for this scheme are based on the returns provided by the Government Bonds of the same tenure. The Post Office Monthly Income Scheme presently offers a 7.40% interest rate per annum, payable monthly.

Since this scheme is regulated by the Government of India, you’ll receive an interest rate with a negligible scope of credit risk. An individual will get a deposit tenure of 5 years and can start investing with a minimum investment amount of INR 1500. The maximum investment amount is INR 4,50,000 which gets doubled i.e. INR 9,00,000 for joint accounts. You can reinvest the same POMIS investment for another five years once it matures.

Senior Citizen Saving Scheme or SCSS

This investment option is best for senior citizens. This scheme enjoys sovereign backing thus loaded with complete security assurance. It provides an interest rate of 8.2% per annum from 1st April 2023. You can open an account for this scheme as an individual or as a joint account with your spouse. It comes with five years of tenure and can be obtained at notified post offices and bank branches. If you want, you can extend the period for up to 3 more years.

You can invest INR 15 lakh and enjoy good returns. However, make sure that you subscribe to this scheme within one month after retirement. The interest you will receive from this investment is added to the taxable income and taxed according to your income tax bracket. You can save tax on this scheme as per Section 80C of the Income Tax Act, 1961.

This scheme is available easily. All you need is just fill out an application form at the nearest post office or bank. The application process needs minimum paperwork. KYC generally includes a DOB certificate, PAN card, passport, senior citizen card, etc.

Annuity Plan

This is another fund investment option for a regular income at a lower risk. Annuity plans are provided by Indian insurance companies for people who need a steady income to enjoy their life without any financial burden. You can use this investment option as a retirement plan by investing in a lump sum to get payments at regular intervals.

The investment made is further invested by the Indian insurance companies and the investor is paid with the produced returns. Investing in annuity plans requires several fees like surrender charges and commissions. Also, it doesn’t offer any tax benefits and is taxable.

Government Long-Term Bonds or Govt Securities

Government bonds or securities also called G-Secs are great low-risk investment plans for risk-averse investors. The main purpose of the government behind this bond is to increase the capital for government expenditure and the country’s economic needs. Long-term government bonds are basically the debt instrument issued by the State or Central Government. These are issued under the RBI (Reserve Bank of India) supervision.

These types of bonds generally range from 5-40 years and come with a predefined maturity date. By investing in these bonds, you will get regular interest rates or coupon payments as agreed by the Indian government. The interest rate on G-Secs bonds is known as the coupon rate or yield. According to RBI, the interest added must be paid to the investors every six months.

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NPS vs Mutual Fund – Where Should Women Invest for their Retirement?

Mon, 24 Apr 2023 18:14:10 +0000

The Buyt Desk

Investment is an important financial decision for men and women to grow their money and stay financially strong for the future. There are several investment options available for all. Let us focus on two types of investment that can help you accumulate funds for your retirement.

NPS (National Pension Scheme) and Mutual Funds are the two best financial instruments that help in building an appropriate retirement corpus. Here is a look at how these two options differ from each other and which one is highly beneficial for women in their retirement planning.

NPS

The National Pension Scheme is an ideal way to plan your retirement. It provides the immense flexibility to switch from one investment option to another one or from seven different fund managers. NPS provides access to Government Debt securities, Corporate Bonds, Equity, and other asset classes. This investment instrument provides an average return of 8 to 10%. However, 40% of the corpus will be gained as an annuity. This means you will receive regular payments monthly after retirement.

The best advantage of this investment option is that you can begin with a minimum amount of INR 500 while opening an account. It provides the ease to switch to a new location or a job without leaving behind corpus build. PFRDA (Pension Fund Regulatory and Development Authority) regulates NPS with constant monitoring and NPS Trust regularly reviews the performance of fund managers. The investments are combined into a fund effectively managed by PFRDA-approved investors.

NPS investments are categorized into equity and debt. So, you’ll get market-associated returns plus good stability. The sooner you begin investing in this scheme, the better returns you will receive after a certain period. Since there is no maximum limit, you can choose the policy suitably. However, the minimum contribution you require is as low as INR 1000 every financial year.

Mutual Fund

If you’re looking for an investment option with moderate risk, mutual funds are worth considering for you. They are subjected to market risks. These investment options provide ordinary investors access to stock, gold, debt, foreign equity, and other asset classes. If you are willing to invest in a children’s education, house, or something else, then Mutual Funds are the right investment instrument.

Debt Funds and Equity Funds are the two main types of mutual funds. But, their selection is highly important to reduce the number of funds to 2 or 3. Housewives or homemakers can opt for the option where they can start investing with only INR 100. Unlike PMS, mutual funds provide tax benefits and daily liquidity. Debt mutual funds invest in safe government securities with a 7-9% average return. It has a better taxation policy as it allows users to adjust the inflation return which bank fixed deposits don’t allow. Equity mutual funds are good for long-term financial goals.

Conclusion

NPS is a good option for women who want to plan their retirement, while mutual funds are better to get the potential for higher returns at a higher risk. The selection of investment instruments must be done based on several important factors. For example, investment horizon, personal circumstances, risk tolerance, and financial objectives.

Go with the investment option that suits your pocket size. Before starting an investment, it’s recommended to consult an experienced and knowledgeable financial counselor.

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A New Small Saving Scheme for Women

Sun, 05 Mar 2023 09:00:48 +0000

The Buyt Desk

The Union Finance Minister Nirmala Sitharaman announced a new one-time small saving scheme – ‘Mahila Samman Saving Certificate’ for girls and women. The FM new scheme will provide a 7.5% fixed interest rate for a period of 2 years along with the option of partial withdrawal. One can make the deposits in the name of a girl child or a woman. The scheme has a maximum deposit limit of Rs 2 lakh.

A one-time new small savings scheme will be made to commemorate ‘Azadi Ka Amrit Mahotsav’. This scheme will be available up to March 2025. The interest rate provided in this scheme is much higher than most bank FDs and investment schemes like NSC (National Savings Certificate), POMIS (Post Office Monthly Income Scheme), SSY (Sukanya Samriddhi Yojana), PPF (Public Provident Fund), and SCSS (Senior Citizen Saving Scheme).

What are small savings schemes?

The government administers small savings schemes to encourage people to start saving even if it’s a small sum of money.SSY, PPF, SCSS, POMIS, and NSC are popular small savings schemes. These investment options provide fixed returns and tax benefits under section 80C of the Income-tax Act, 1961.

The government revises interest rates on these schemes once every quarter. For example, for Jan-March 2023, Public Provident Fund provides 7.1% interest rates, while National Savings Certificate (VIII Issue) offers an interest rate of 7%.

Since Mahila Samman Saving Certificate is backed by a sovereign, it is completely free from credit risk. Even though the scheme details have not been still shared by the government, the scheme can be opened in state-owned banks from April 1, 2023, onwards.

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How to Raise Financially Aware Children?

Sat, 04 Mar 2023 07:09:20 +0000

The Buyt Desk

A report published by National Centre for Financial Education in 2019 stated that only 24% of the Indian population are finacially aware which means 76% population has no idea about financial planning. The survey is a bit old but things havent changed much.That is why it is important to start educating our children about good financial habits.This will help them to have lasting financial competence. Additionally, practical education in financial management will make them less vulnerable to financial troubles.

The government has taken many initiatives on the banking front to educate people, but not children, who are the future. But they can learn this at home.

Children tend to develop habits by observing their parents and surroundings. Parents can educate children about financial management by following good practices at home. Education institutions can also contribute to making education robust by introducing conceptual programs for students.

Financial education at an early age would make children understand the importance of saving and investing. Even if they do not understand all concepts, they will have a basic understanding.

When informed kids grow into adults, they tend to make lesser mistakes.

So, the question is, how to impart finance literacy to children at an early age?

Become an Example – In the age of single children and both working parents, parents are obsessed with their children. Parents want to keep their children engaged and happy, and the easiest way they can do so is to fulfill all their demands. When you fulfill all your child’s demands or pamper them with unjustified gifts, you set an example of extravagance for them. Remember, the fun should not always have to be funded. Be selective and calculative when you buy stuff for kids.

Piggy Bank – It might sound old-school concept, but in the present age also, it is an effective tool to teach money management to children. Money management applications are also working on a similar concept. Remember, everything a child need should not come to him easily. Teach him to earn the rewards. We live in a society where gifting is a culture. Every time children visit their grandparent’s or relative’s house, they get pampered with cash. Explain to your child to spend it carefully.

Differentiat Between Need and Desire– Children are demanding by nature. The parent’s duty is to educate kids to differentiate between need and desire and always prioritize their needs. To buy a book is a need, and cloth could be a desire.

Try to build a habit in your children that they cannot have everything they want, and they have to choose between options based on the budget you have set.

Help Them Prioritize – A small pocket of money can help children prioritize. Every month give them pocket money and let them decide how they want to spend it. Monitor how they spend that. If they choose to spend it on desires, let them manage their needs. It will develop a sense of responsibility in them and a habit of spending on needs first.

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Investment Limit of Two Saving Schemes Doubled- Find Out Who Will Benefit?

Tue, 28 Feb 2023 18:07:39 +0000

The Buyt Desk

Senior Citizen Saving Scheme and Post Office Monthly Income Scheme have seen a big change in the Union Budget of 2023. The investment ceiling for both schemes has been increased by double. These two schemes will now help investors to park larger sums of money than before and pave the way to earn regular income.

Senior Citizens’ Saving Scheme (SCSS)

Senior Citizens’ Saving Scheme (SCSS) maximum deposit level has been doubled and increased from Rs 15 lakh to Rs 30 lakh. The minimum deposit for this scheme is the same i.e. Rs 1,000. For the quarter ending March 31, 2023, the government has increased the interest rate on the scheme to 8%. It is used to invest the retirement benefits and earn monthly interest from the investment as regular income.

Earlier, the maximum deposit limit for the senior saving scheme was Rs 15 lakh. The interest rate provided on this risk-free scheme was 7.40% per year.

Most retired people become conservative investors after their retirement. The rise in the maximum savings and investment limit of Rs 30 lakh at the given interest rate would result in decent earnings through interest income. With this move, the government has promised a guaranteed higher return to senior citizens. Thus, the doubling of the ceiling provides senior citizens an opportunity to keep their funds in a 100% safe investment with a better interest rate.

The tenure of the scheme is 5 years. However, an individual can look for an extension of another 3 years, taking the complete investment tenure to 8 years. Since premature withdrawal is permitted, investors can withdraw some money in an emergency.

Post Office Monthly Income Scheme (MIS)

The maximum deposit limit for Monthly Income Scheme has been raised from Rs 4.5 lakh to Rs 9 lakh for a single account and Rs 9 lakh to Rs 15 lakh for a joint account. The investment ceiling in the post office’s monthly income schemes was not reviewed since 1987. The monthly income scheme is a 5-year deposit scheme that is presently providing an interest rate of 7.1% as announced for the Jan-Feb March quarter. Though the government reviews and fixes the interest rate for small savings schemes every quarter and thus it is subject to change.

Both schemes are used to earn a monthly income in the form of interest. They are low-risk and guaranteed return schemes. The biggest advantage is that they come with a government guarantee and thus investors feel safe in such schemes.

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Is It the Right Time to Invest in Bank FD or You Should Wait?

Tue, 07 Feb 2023 17:26:00 +0000

The Buyt Desk

Fixed deposit, i.e., FD, is the haven for low-risk appetite investors for the secured return it offers. But despite being a safe option, it has disappointed investors by offering low returns in the last couple of years. It resulted in FD becoming a worthless option to address inflation. Investors started opting for other investment products despite knowing the attached risks such as stocks, mutual funds, NPS, etc.

To address high inflation in India, the Reserve Bank of India has increased the repo rate four times lately, which has allowed banks to pass on the benefits to FD customers as well. All the banks in India, irrespective of their size, have raised the FD interest rates. The move has brought the average interest rate on FD in the year 2022-2023 to 7.0% for three years of tenure. For senior citizens, it is 0.75% extra.

The spike in FD interest rates has pulled the investors’ attention once again. And the poor performance of mutual funds in the last few years has added fuel to it. However, the question will we see more interest hikes by RBI final? Will the FD rates increase further in the coming weeks or decrease? Should you wait, or is it the right time to invest?

The interest rate of banks at the current time is the highest in the past two years. With that, a question arises, is it the right time to invest in FD, or should you wait for further spikes?

The experts in the industry say investors should wait for some more time to get better rates. Here are the facts to support this view.

Inflation is still on the higher side. The RBI will probably increase the repo rate further by February to address high inflation. It will help banks to increase the FD interest rates and benefits customers.

They also believe that considering the present economic conditions of the country, RBI will not decrease the repo rate. This means there will not be any cut in the FD interest by banks.

Thus, if you have not parked your money in the FD yet and looking forward to doing it, you can wait till February.

Furthermore, investors should also consider non-banking finance companies that offer better returns than banks to get better returns. Example: The non-financial organizations such as Bajaj Finance, Mahindra Finance, HDFC, and Shriram Finance have interest rates between 7.44 to 8.00 % for the same tenure that leading banks offer.

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7 Lessons of Financial Stability

Sat, 14 Jan 2023 13:58:19 +0000

The Buyt Desk

To achieve financial stability, the age of 20s is a perfect time. If you are wondering how to lay the foundation for a stable financial status in your 40s, then follow some steps mentioned below when you are in your 20s.

Begin with Saving and Investing

There is no specific age to start saving and investing for a financially stable future. Always set aside some portion of your income every month for short and long-term goals.

Emergency Fund

To stay safe from unforeseen financial setbacks, it’s good to have some emergency funds. It will help meet emergencies during a job loss or unexpected expenses. Make a goal to save a sufficient amount to cover the worth of living expenses for a minimum of 6-9 months.

Pay Off Debt

This is a significant step if you have high-interest debt including student loans or credit cards. The reason is that the longer you keep the debt, the more it will charge you in the long run. Hence, keep into account consolidating your debt or refinancing to have a lower interest rate.

Better Credit Score

Your financial stability in the coming years is highly dependent on your credit score. To have some good credit, always try to timely pay your bills, and make sure all your credit card balances are low. If possible, try to avoid applying for a large number of credits.

Future Planning

Planning for the future is always recommended to achieve financial stability. Hence, consider having your long-term goals. For example, starting a family or purchasing a house. Keep into account how you can financially get ready for these milestones.

Get Personal Finance Knowledge

If you are not well-versed in financial stability, then take some quality to educate yourself about personal finance. For example, budgeting, saving, debt management, and investing. The more personal finance knowledge you have, the better equipped and more confident you will be in making confident and informed financial decisions.

Ask for Professional Guidance

Seeking advice from a knowledgeable and experienced financial advisor or planner is worth considering if you can’t be sure about the best ways to manage your finances or make better planning for the future. The professional guidance will assist in making the customized plan based on your different financial situation.

Once you successfully start implementing these seven effective steps in your 20s, you can achieve financial stability in your 40s and many more coming years. Be sure that you always keep consistency and remain disciplined in your financial planning. Don’t feel shy or afraid to get an expert’s help when you need some professional guidance. Once you create a solid financial base, you can successfully climb the ladder to meet your financial goals and enjoy a secure and more stable financial life ahead.

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Investment Archives -

How to Plan an Inflation-Resistant Retirement Corpus?

After ten more years, the price of the same cup of tea will be even higher because of inflation.

What is the Best Method to Grow Your Retirement Corpus in Pace with Inflation?

Which Investment Products Give Higher Returns?

Is Mutual Fund a New Investment Destination for Indian Women?

In terms of Age

In terms of Asset

5 Investments That Will Support Your Child’s Education

Best Investment Avenues to Support the Education of a Child

Things to Remember

5 Investment That Can Give You Regular Income

NPS vs Mutual Fund – Where Should Women Invest for their Retirement?

A New Small Saving Scheme for Women

How to Raise Financially Aware Children?

Investment Limit of Two Saving Schemes Doubled- Find Out Who Will Benefit?

Senior Citizens’ Saving Scheme (SCSS)

Post Office Monthly Income Scheme (MIS)

Is It the Right Time to Invest in Bank FD or You Should Wait?

7 Lessons of Financial Stability

Begin with Saving and Investing

Emergency Fund

Pay Off Debt

Better Credit Score

Future Planning

Get Personal Finance Knowledge

Ask for Professional Guidance