RICH INVESTING iDEAS

How to get your free CIBIL(Credit) score report in India ? In the earlier decade, If we are going to ask for a loan from the bank, then the bank will ask us to submit our Pay Slips, Income Certificate, Information about the employer where we are working and details of mortgage assets if any. But now this situation has changed. After the arrival of PAN(Permanent Account Number) in India, the subsequent growth of this PAN has completely upgraded. It helps the banks to retrieve our financial data very easily. Today, the PAN Card and the link of Aadhaar details will tells the financial details of every Citizen of India. Now, if we ask for a loan in a bank , then the bank will examine our financial credit status and make funds to us accordingly. So, the borrowing of money as a loan is depending upon the basis of Merit (Credit report). Our Current income status alone is not enough to borrow a loan in banks, the eligibility of loan defines with the Credit report. Prior to this, there are so m

India Trade deficit fell to USD 14.73 Billion in January 2019 The Country's Trade deficit fell to USD 14.73 Billion in the last month, Exports were grew by 3.74 percent to USD 26.36 Billion. The Export numbers mostly driven by Chemicals, Pharmaceuticals, Ready made garments, Gems and Jewellery and the Engineering Goods. The Sale of Chemicals were increased by 15.56 percent, Pharmaceuticals by 15.2 percent, Ready made garments were at 9.33 percent, Gems and Jewellery by 6.67 percent and Engineering Goods by 1.07 percent growth in the Exports. Imports in the last month January 2019, were stood at USD 41.09 Billion. India's trade deficit were also decreased to USD 14.73 Billion. The Trade deficit of during the same period in the year of 2018, was seen at USD 15.67 Billion. The Import of Gold rose by 38 percent to USD 2.31 Billion. Last year in the January 2018, the Gold import was seen at $ 1.8 Billion. For India, the trade deficit for the last 10 months in this current Financial

Physical Gold vs Gold ETF - A better comparison on Investment Which is a better Investment - Physical Gold or Gold ETF ? The prices of gold varies day by day due to the import on Dollar-Rupee conversion. As gold prices were increased in the last year and the demand for Gold was increased in the face of Festival Seasons. Last January, the Import of Gold in India were at 46 Tonnes. This is 64 percent growth on gold import as compared to the Previous year's January 2018. In the year of 2013, the gold price rose by Rs. 35,074 per 10 grams in the Benchmark Gold Futures of Bombay Stock Exchange. On February 2013, the gold price of 10 grams was traded at Rs. 33,646 /-. It is noteworthy that the price is currently trading at the same rate. The reason for increase in the Gold prices in India, due to the domestic demand and related to the import on Dollar value. Generally, the import of Gold will increase the Fiscal deficit for a Country. As far as the Government is also concerned to decrea

FII and DII Trading activity – January 2019 In the Current month till today(12-02-2019), the Foreign Institutional Investors(FII) have invested about Rs. 33,717 Crore in the Indian cash market. The Net purchase was seen as Rs. 2,989 Crore. At the same time, the Domestic Institutional Investors(DII) have invested Rs. 24,478 Crore and the Net sales was seen of 371 Crore rupees. The Factors that we have for the last few months have yet to decide the course of Indian stock market and even globally - US-China Trade war, Monetary Policy in United States, Crude oil changes and in the domestic, already the budget is over. However the upcoming election date and the Third quarterly results of FY 2018-19 for the Listed companies are now moving the Market. Last January 2018, the trade was seen as a positive feature of FII and DII in the Stock Market. In the January 2018, the FII had a net purchase of Rs. 9,568 Crore and DII had a net purchase of 398 Crore rupees. But this year is not like that m

5 Best & Top performing Tax Saving - ELSS Funds - 2019 There are nearly 50 days to complete this current financial year 2018-2019. The date of Income tax filing will start from the April 1,2019 for the FY2018-19 (Assessment year 2019-20). Tax Rebates and Standard Deduction amount increased in the interim budget of this year, will apply for the next financial year 2019-20. There is no change on Income tax slab and its rate in the recent budget. Most of us, using the Section 80(C) of Income Tax act during the last minute to get the tax exemption for their Taxable income. So, they are impatient and doing their tax saving investments between January and March every year, it's not a good thing. The best time to start to invest for tax saving is at the start of the Financial year and it must be related on your Financial Goals. Under Section 80C of Income tax act, one can save up to Rs. 1.5 lakh in a Financial year. It is also not good to put your whole money in an insurance product f

Interest rate history of Public Provident Fund(PPF) When it comes to Safe Investment or savings, the debt markets should be considered. Although the debt market investments are available in the mutual funds, but still we have a safer side on Banks and Post Offices. There are so many small savings schemes available in the above said. The state and private employees do not have a regular pension today, the Provident fund(PPF) is still attractive. If we see the PPF interest rate history over the last 20 years, it was decreasing due to the inflation rate. However it is always a good investment avenue for the retirement life. Prior to the year 2001, the interest rat for the PPF, was above 10 percent. On that period, Inflation in India is just a bit too high. From the year 1986 to 2000, the interest rate were stood at 12 percent. This is the rate that Mutual Fund investments are giving today. The period between 2001 and 2002, the public provident fund interest rate were seen at 9 to 10 perce

Budget India 2019 - Highlights Over the past few weeks, the Indian Stock market was moving forward with the expectation of Budget Announcement. The Indian Stock market rallied before the budget day and in the budget day. No one expected on budget day, the prices of Automobile sector went up due to the price cut on GST and related news on Agriculture. On February 1st, the budget bill for the 2019 was announced by the Finance Minister Mr. Piyush Goyal in parliament. Finance Minister said in the end of budget day, 'It's not an interim budget, this budget is the roadmap for development for Indian economy '. As everyone expected, the offer had in the Income Tax. Without changing the rates in the Income Tax slab, cleverly the tax rebate was offered. It was called as a budget that would benefit for the Farmers, the Unorganized Labors and the middle class men. However as the opposition parties said that the budget was based on upcoming election. So, we can expect what are the thing