RICH INVESTING iDEAS

 Small Savings Scheme interest rates for the period - October to December 2021 Interest Rates on Small Savings Scheme were announced recently for the period between October - December, which is the third quarter of the current fiscal year 2021-22. The rates are subject to change on a quarterly basis.  According to the data released by the Ministry of Finance, the interest rates are unchanged from the current rates which is said in the July to September 2021 quarter. So, there is no change in the rates for the period of October - December 2021. Most of the Savings plan were available in Banking and Postal Offices are coming under the Small Savings Scheme, Ministry of Finance. For the Term deposit of one year, two year and three years the interest rates are said to be 5.5 Percent. However it is 6.7 Percent for the 5 years Term Deposit savings plan. The 5 years Senior Citizen Savings Scheme(SCSS) comes with 7.4 Percent and 5 years monthly income scheme which provides 6.6 Percent rate unde

 Short cut to Fastest Financial Freedom(FFF) Whether it's a Simple Life style or the life style which we want, we always depend on Economy (Say 'Money'). On the other side, only if we have a time to happily spend the money we have put together, will the money we have added benefit.  In the Modern-age development,  most of us are talking about Early Retirement Plan(ERP), Financial Freedom, Entrepreneurship, Blogging, Flexible work Hours, Live the life as we want and so on. All of these are the root cause for Financial Independence, as we are not interested to depend something or someone. Thoughts like these are a healthy thing to do, however we have to work with some key factors to attain the Financial Independence or live the life we want. Financially Free or Financial Freedom or Financial Independence is when we do not work or not required to work for our Essential needs for the rest of our lives. For this Independence, we have to create a massive or enough wealth in advan

  Drawbacks of Investing in a Single Investment product It is common nature for any investment product to experience ups and downs over a period or time or cyclically. If we can predict this easily - in fact it's not. Hard to predict even with enough skill and insider information.  There are few disadvantages of investing the entire amount in a single investment product or avenue,  Chances of Losing the investment value drastically are very high The problem with receiving the Targeted or Goal amount in a certain period, the amount may be low Investment Risk is very high when invest in a Single product Missing the Opportunity cost of any other investment product which gives good returns False Predictability about the Market or Herd Mentality Asset Allocation and Diversification - both are very important on Investing Life. This will reduce the investment risk and increase the chances of generating better returns. In the long run, invest in a single instrument is not only the huge ris

 TCS and Infosys - The better friendly fundamentals India's two biggest IT Companies - Tata Consultancy Services and Infosys Limited. TCS have over 50 years of experience and Infosys have more than 40 years in the field of Tech Industry. The Current Market Capitalization for TCS is around Rs.11.85 Lakh Crore, where Infosys stands with Rs.6.73 Lakh Crore in the Indian Stock Market Exchange. TCS is the fourth largest employer in India after Indian Railways, Indian Army and India Post. It has more than 4 Lakh employees and it is noteworthy that 37 percent of its employees are Women. Tata Consultancy Services takes its revenue mostly from America and Europe. 52 Percent of revenue comes from America and the Europe contributed with 31 Percent. Both Companies are considered as a Debt Free Companies. Their Financial Track record were also reasonably good and progressively improving. They are not fast on its financials, but with stabled achievement. TCS is currently trading at 14 times of i

 Small Savings Scheme interest rates for the period - July to September 2021  Small Savings interest rates for the Q2FY22(July to September) have been announced recently. It is noteworthy that the interest rates for Small Savings Scheme would be announced by every quarter. According to the recent report, the interest rates will remain same as last time(April to June 2021).  Generally Savings Account Deposit, Recurring Deposit, Term Deposits, Monthly Income Scheme(MIS), NSC, Kisan Vikas Patra, Public Provident Fund(PPF) are coming under the Small Savings Scheme. Small Savings Schemes are available in Post Offices and Banks across India. Senior Citizens Savings Scheme(SCSS), Sukanya Samriddhi for the Girl Child were also included in the Small Savings Category. It is noteworthy that the interest rates on small savings has been declining over the past few years. This lead and attracts to invest in Low risk product mutual funds like Liquid Funds and Debt Funds(Low to Moderate) in the curren

 Advantages and Disadvantages of buying Electronic or Digital Gold  The history of Gold is over a thousand years. The catch on Gold is generally slightly higher on the Asian Continent. Gold is a hedging instrument against the Inflation. It is also acts as a diversified and a tool to mitigate losses in times of bad economy. It is an asset and having an intrinsic value. Generally, Gold has an inverse relationship with the USD. Gold is nominated as Central bank's Queen, where the Global debt is too high in the recent decades. When there is any uncertainty on economy or political, then the Central bank would buy more Gold on it's reserves. Historically, the Gold price in INR(Indian Rupee) has given around 990 Percent absolute returns in the past 20 years. However the yield of returns with Gold on different segment may vary. Likewise, if we invested Rs.1 Lakh in Gold instruments - Gold Bonds, Gold Funds, Gold ETF, Gold Deposit and Jewelry. The yield may be different post charges and

 GDP India 2021 - Contracts 7.3 Percent due to Pandemic  The Country's Gross Domestic Product(GDP) fell 24.4 Percent in the first quarter of fiscal 2020-21. India's economy was hit hardest by the Covid-19 Pandemic in the April to June quarter of 2020. It then fell by 7.4 Percent in the Q2FY21 which is July - September. Due to this, the country experienced a major recession last year. In the Economic cycle, If the GDP has fallen negatively for the two consecutive quarters in general, then it is called an Economic Recession. The Country recovered slightly from the recession and grew by 0.5 Percent in the third quarter.  India's GDP grew by 1.6 Percent at the end of the fourth quarter, according to the latest report by the Central Bank. Overall, India's Gross Domestic Product - economy has fallen 7.3 Percent in the last fiscal year 2020-21.  The country's real economy, which had been somewhat paralyzed since the pre-epidemic period, is now on a growth path after the Co