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PMVVY PLAN
Where should I invest Rs 60 lakh with minimum income tax liability?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.- LIC Pradhan Mantri Vaya Vandana Yojana to close for investment on March 31: Pension benefits, taxation, interest ratePension payments under the PMVVY plan are made in accordance with the pay-out option that the investor chose when the funds were put in the...
- PMVVY pension scheme: This important feature is due for reset on April 1Currently, the interest rate offered on Pradhan Mantri Vaya Vandana Yojana or PMVVY is 7.4% a year. The interest rate has been kept unchang...
- Investing in PMVVY LIC pension scheme will not help in tax savingThe scheme allows premature exit during the policy term under exceptional circumstances like the pensioner requiring money for the treatmen...
- Where should I invest Rs 60,000 to earn 12-15% return over the next three years?To earn double-digit annual returns, you will need to invest your corpus in equity mutual funds. Equity is a volatile asset class and curre...
- How to invest my retirement corpus to earn monthly income of around Rs 1-1.5 lakhYou can broadly divide your allocation across three baskets-- government schemes, other fixed income products and equity.
- What should you do if your mutual fund schemes are not delivering good returns?Investment in equity-linked market products carry high risk and high return probability and thus it is recommended to route your capital th...
- With the FD interest rates falling, where should I invest my money now?To ensure maximum capital protection, opt for funds with maximum exposure to AAA-rated or sovereign bonds. You can consider Aditya Birla Su...
- Hurry! This LIC pension scheme that can provide Rs 10,000 a month will end March 31Pradhan Mantri Vaya Vandana Yojana pension scheme, meant for senior citizens, is available only till March 31.
- How to invest in Pradhan Mantri Vaya Vandana YojanaIt is a pension scheme available for senior citizens offering a guaranteed payout of pension at a specified rate for 10 years.
- How to earn monthly income of Rs 40,000 from Rs 56 lakh investment?" To earn a pre-tax monthly income of Rs 40,000 on an investment of Rs 56 lakh, you need an annual return of 8.5%."
- Interest rates are falling: Retirees need to lock into higher rates nowUse the gap between the fall in 10-year yield and fall in yields of other products to lock into higher rates.
- Which mutual fund schemes should I invest for 6-12 months?Liquid funds can generate around 6-7% returns in a year, while low duration funds can give 7-9%.
- How much pension will Rs 10 lakh give per monthET Wealth tells you how much you are likely to earn if you invest Rs 10 lakh in an annuity plan compared to other options such as SCSS, PMV...
- Your retirement investments should be in these financial instrumentsIf you are saving for retirement, the portfolio should be a mix of various investment instruments.
- Budget 2018: FM proposes to increase PMVVY limit to Rs 15 lakh, seniors to benefitBudget 2018 proposes to increase investment limit to Rs. 15 lakh from the existing limit of Rs. 7.5 lakh per senior citizen.
- Mutual fund queries answered by Amol Joshi, Founder, Plan RupeeDebt mutual funds are more tax efficient than fixed deposits.
- How senior citizens can make the most of tax breaks on offerThe key changes rolled out have been in the areas of fixed deposit interest and health insurance.
- New pension plan for elderly with 8% returnThe scheme is open to people aged 60 years and above. It can be purchased offline as well as online through the state-run Life Insurance Co...
- Modi's gift to senior citizens: Should one invest in the 8% assured LIC pension scheme?The PMVVY has a term of ten years and provides a return in the range of 8 to 8.3 percent depending on the mode of pension that one chooses.
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