Public Provident Fund In RED

The PPF is one of the best indicators of household savings trends. It is also the most robust long-term savings instrument in the economy with a 15-year tenure; its ease of liquidity, unlike term insurance plans, makes it a favorite with the middle class. However it isn’t only mutual funds and non-banking financial companies that [...]

Author: Austin Comments: 0 comments Date: 8 Nov 2008 More: Read more
Categories: Saving Money Tags: , ,

Power of compounding

photo by orangeacid Investment experts keep advising us to “invest for the long term,” mainly so that we may benefit from the power of compounding. Take an individual who decides to invest Rs. 50,000 for 20 years. Assume that he earns a constant return of 8% per year. In the first five years, the Rs. [...]

Author: Austin Comments: 2 comments Date: 22 Sep 2008 More: Read more
Categories: Saving Money Tags: , , , , ,