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PHYSICAL GOLD VS ETFS- WHICH ONE SHOULD YOU PICK?

Posted on June 15, 2024 by admin

Let’s look at the two main ways to purchase Gold in India:

1) Physical gold via jewelry or coins

2) Gold mutual funds or ETFs

Why bother about the form of Gold you purchase?

If the purpose is consumption, for e.g., a wedding, you should buy gold
physically.

But if you are looking to accumulate gold for instance for the marriage of your
children or for investment purposes, you should consider buying gold ETFs.

Buying gold is a hassle

You have to check numerous things before buying gold jewelry or gold coins such
as hallmark certificates for purity and physically look for an choose the right
piece which suits your needs. There is then a 20%-30% making charge involved. In
comparison buying gold via an ETF is as simple as buying any other mutual fund.
You can even buy just 1 unit of gold whereas even the smallest piece of jewelry
weighs a minimum of 4 grams.

Gold ETFs are economical and easily liquefiable

The only cost investors have to consider when buying gold ETFs is a minimal fund
management fee of around 1%. ETFs can be easily sold back at prevailing market
rates. In comparison, when selling physical gold in the market you stand to lose
up to 25-30% of your initial investment as making charges are discounted for and
typically jewelers buy back gold at 2-3% below prevailing market rates.

Tax benefits

After an ownership period of 3 years, physical gold attracts wealth tax and VAT,
neither of which happens when you own ETFs.

Storage is expensive

Buyers need to find safe physical storage such as bank lockers to store their
gold and this may prove expensive. But for Gold ETF, storage is taken care of by
the fund. Investors hold the gold ETFs in a demat account, and don’t need to
bother about its security as in the case of physical gold.

Quality Assurance of Gold ETFs

Gold ETFs are backed by gold of 99.5% purity, so investors can be assured about
the quality of gold.

Do not be misled into purchasing the wrong form of Gold. Do consider your
investment purpose carefully before heading out to purchase the shining metal.

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MUTUAL FUNDS- HOW DOES IT WORK AND WHY SHOULD YOU INVEST IN THEM?

Posted on June 14, 2024 by admin

One of the easiest ways to begin your journey as an investor today is to invest
in a mutual fund. The concept of a Mutual fund is simple.

Article content:

One of the easiest ways to begin your journey as an investor today is to invest
in a mutual fund. The concept of a Mutual fund is simple.

Money obtained from investors is pooled together. Investors may be individuals
or companies.

A fund manager manages this pool of money and invests the cash on behalf of the
investors. His goal varies depending on the type of fund he manages.

For example, a fixed-income fund manager seeks the highest yield at the lowest
risk for his investors.

How you can benefit from Mutual Funds

A key reason for investing in mutual funds is that it’s simple and convenient.

But that’s not just it.

The industry is also tightly regulated in comparison to our friends in the
banking and insurance sectors. In recent times, investing in Mutual Funds is
being considered relatively as a safer and more lucrative option to certain
financial instruments.

In addition, your investment will be managed as part of a pool by a professional
fund manager who constantly monitors the stocks and bonds in the fund’s
portfolio. We can certainly accept that a fund manager can devote considerably
more time to selecting investments than an individual investor.

This is a very convenient option as you will be able to invest in an informed
manner without having to stress over analyzing financial statements of companies
and picking a stock yourselves.

So here’s our quick roundup on Why should you invest in Mutual Funds?

Low Minimum Investment: Start your investment from as low as Rs. 500/- in SIP
(Systematic Investment Plan) or Rs. 5000/- in lump sum.
Liquidity: Unlike bank fixed deposits, mutual funds have a flexible withdrawal
process, which makes availability of money possible easily. Investor can redeem
their units at any point in time.
Professionally Managed: Once you invest through Mutual Funds, you can relax that
an expert will make desired changes to scheme portfolio wherein you have
invested.
Diversification: You can invest across different asset classes like equity, debt
and gold allowing you to diversify your investments and protect it from
inflation, recessions and any other market uncertainties.
You can achieve you goals, be it long-term, short-term, tax saving or your
emergency needs.

Achieve Financial Goals: A Systematic Investment Plan (SIP) will help you make
the most of the compounding effect. You can find a suitable scheme for all your
different financial goals such as wealth creation, child’s marriage or
retirement.

Transparency: The Mutual fund industry is regulated by The Securities and
Exchange Board of India (SEBI). SEBI has defined comprehensive processes, rules
and regulations in order to protect the interest of investors and ensure
transparency. It is mandatory for all Asset Management Companies (AMCs) to
follow these processes and to disclose their scheme portfolios every month to
maintain utmost transparency.

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MUTUAL FUND TYPES AND HOW DO YOU CHOOSE

Posted on June 13, 2024 by admin

Mutual Funds are of many kinds and it’s easy to get lost even for an experienced
investor amongst the wide array of funds available to you in the market.

To enable our investors to pick the best mutual fund to achieve their financial
freedom, let’s understand in details, the ways in which mutual funds are
classified.

Mutual funds can be classified on the basis of investment objective or on the
basis of maturity period.

Closed vs. Open-Ended Funds

Open ended Funds

Subscription: Open ended Funds offer units for sale without specifying any
duration for redemption.
Selling price: Redemption value is on the basis of the ongoing NAV
Maturity: Doesn’t have a set number of shares or maturity period
How is it traded: Not traded on the open market (like stocks), NAV of such
schemes is generally less fluctuating
Liquidity: Can be redeemed anytime
Closed-ended funds

Subscription: Subscription opens at the time of New Fund Offer (NFO) and for a
defined period only.
Selling Price: Price varies depending on supply and demand
Maturity: Set number of shares and a fixed maturity period.
How is it traded: Listed on a recognised stock exchange. They can be traded at
any time of the day when the market is open
Liquidity: Fixed lock-in time period, however can be bought and sold on a
recognized stock exchange where they are listed.
Mutual fund can be categorized as per asset classes. Broadly, they can be
classified under the following seven broad categories:

Equity Mutual Fund
Debt Mutual Fund
Gold Mutual Fund
Multi Asset Fund
Hybrid Mutual Fund
Solution Oriented Schemes and
Other Mutual Fund
Knowing which fund is right for you is essential to making confident investment
decisions to grow your wealth in a sustained manner.

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WHAT IS AN EMERGENCY FUND AND WHY DO I NEED ONE?

Posted on June 12, 2024 by admin

This financial emergency could be in the form of

Medical expenses
A job loss
Repair work to your home or car
Unexpected travel expenses
or any other tough time.
2020 taught us the importance of saving for uncertainties, when unemployment
rose and people started redeeming from their investments and increasing their
debts. Having an emergency fund keeps you away from tapping into mutual funds
reserved for long term goals.

How much to save

It is recommended that you need to have enough money at your disposal that can
keep up with your consumption pattern for ideally 12 months. If your monthly
expenses are Rs 50,000 then your emergency fund should save 50,000×12 =
Rs.6,00,000 for your emergency fund.

However, the size of your emergency fund will vary depending on your lifestyle,
monthly expenses, income, and financial dependents. Those who have EMIs or
higher monthly expenses might need to start building a larger emergency corpus.
If you have no financial obligations or if you are young, you can reduce your
weightage to six months’ worth of expenses.

Where to invest

Follow the SLR (safety, liquidity, and return) philosophy while building this
corpus. Consider financial instruments that prioritizes safety and liquidity of
your money over returns. Consider bank deposits and liquid funds (with a short
duration of 3 months) for building your emergency corpus. Those who are
beginning to save can start with one month and then gradually build it up from
there. As per SEBI norms, liquid funds invest in debt and money market
securities with maturity of up to 91 days. The invested money is parked in
market instruments such as Certificate of Deposits, Commercial Papers, Term
Deposits, Call Money, Treasury Bills, and so on.

Things to consider when building your emergency corpus

Liquidity: Liquidity refers to how quickly your investments can be converted to
cash. Invest in instruments that does not attract high penalties or exit loads.

Safety: Avoid saving in instruments that have high risk for capital erosion,
instead, prioritize safety over returns.
Co-relation with other asset classes: Your investment portfolio has several
asset classes, it’s important to evaluate how your emergency fund fits in with
the rest of your portfolio.
Risk appetite: If you are conservative and have a low threshold for risk, you
might want to consider a higher sum dedicated to your emergency fund.

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HOW FOREX TRADING CAN CHANGE YOUR FINANCIAL FUTURE

Posted on June 11, 2024 by admin

Foreign exchange or forex is the global marketplace for all the world’s
currencies. It is the biggest financial market worldwide. Forex trading has many
benefits that can impact your financial future. Every forex trader will tell you
a different reason why it’s worth a try. There is also lots of information about
this particular market out there. Understanding the impact it can have on your
finances will help you make a more informed decision. Here are the financial
benefits of forex trading.

High Liquidity
The Forex market is the most liquid in the world. The ease in which something
can be sold or bought is referred to as liquidity in trading. There are a lot of
traders looking to sell or buy at any time with forex. Over 5 trillion dollars’
worth of currencies is traded there every day by companies, banks, and
individual traders. With the right prop trading firms, your chances of making
trades and profits will seriously increase. If you are trading with major
currency pairs, your assets will be exchanged with a variance to their values.
The slight variance means little profit, but you can increase the earnings
because of the high liquidity. It also allows you to trade with minimal risks.

Convenient Market Hours
All the trading transactions in forex are done through computer networks; there
is no one-on-one centralized exchange. For that reason, one can trade at any
time across all the time zones. The trading hours add to the financial
advantages of forex trading. As long as there is one open market somewhere in
the world, you can make a trade. However, on weekends the market is closed to
retail traders. But banks and other related institutions continue operations on
weekends. You can trade on weekends, but if you don’t want to expose yourself to
gapping risks, close your operations on Friday too. The market has incredible
hours and doesn’t require a lot of capital to get started. This means you can
start with small amounts and grow from there; the convenient hours will boost
your finances. All the trading is done over the counter (OTC), and since forex
is a global market, you won’t lack someone to trade with.

Leverage Makes Your Money Go Further
You can benefit from leverage in forex, which is probably the most appealing
advantage. Leverage is using borrowed funds to increase financial trading
position. It’s offered mainly by brokers to give traders a chance to go beyond
their cash limitations. That means you can increase your return on the
investment. However, you should know that leverage can also amplify losses. So
before you use it, you have to consider all the possibilities. It’s the only way
to avoid losing your money in forex. When used correctly, leverage can make you
impressive profits. Stop-loss orders are essential when you are using leverage.
They will protect your trades from any unexpected market shifts. Your losses
will not accumulate and limit your financial goals; instead, you will be able to
trade and improve your trading position. You can leverage large amounts of money
and make significant trades that you could not have managed with your finances.
It’s just like any business opportunity; you have to weigh the risk and reward
and how it will impact your finances.

Greater Volatility
Very many things influence the foreign exchange market. Some of the things that
affect the market are trade deals, the political and economic stability of
different countries. Natural disasters and the global economy can also influence
it. What this means for you as a forex trader is, there can be plenty of
opportunities to make massive profits. Significant shifts in currency values can
happen at any time. But as much as this is an advantage, you have to recognize
the changes can occur in any direction. If they are not in your favor, you may
incur losses. Some major currency pairs like the Canadian Dollar/Japanese Yen
and Australian Dollar/US Dollar are subject to high volatility. So if you want
to take advantage of the greater volatility in the forex market, you need a
well-tailored strategy. If you detect any potential risk, you have to ensure
your assets are protected. The market can make you lots of profits if you learn
how to navigate the risks.

Conclusion
If you take all these financial benefits into account, the forex market can
change your financial future for the better. But as you can see, there are some
potential risks. Ensure you use leverage sensibly and be wary of shifts in
currency values. If you treat forex trading as an investment, the rewards will
be immense.

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EQUITY INVESTMENT IN EMERGING THEMES

Posted on June 11, 2024 by admin

Investing in ESG Funds are considered to be ‘sustainable’ investing. They are
essentially schemes that invest into companies that rank high on environment,
social and good governance practices.

ESG schemes gained popularity since 2018 in India. While there are many ESG
funds in the market, the Quantum India ESG Equity Fund is one such fund that was
the frontrunner in the market. Since then, several players have entered the
market. As per AMFI data in December, 2020, the combined assets under management
of existing ESG funds in India are at Rs. 9,516 crores.

Socially Responsible Investing (SRI), was the predecessor to ESG mutual fund.
Investors are beginning to recognize the importance of weighing both financial
and non-financial metrics while making investment decisions. They well
understand that lack of foresight on risk and responsibility management
eventually translates into lower profitability and valuation. ESG investing aims
to achieve the triple bottom line that is good for the people, planet and
profits. ESG investing allows investors to express their own values and to
ensure that their savings and investments reflect their preferences, without
compromising on returns.

Mutual funds that incorporate ESG screening criteria in their equity selection
prove to be better long-term custodians of investors capital, provide downside
protection, and generate better long-term risk-adjusted returns for your
clients.

it is important to evaluate where the companies that the equity scheme invests
in faces the risk on account of ESG parameters, as ignoring these risks can have
far-reaching consequences.

One might argue that responsible investing is just a passing trend. But a closer
look at how the trend has gained momentum over the past 15 years suggests
otherwise.

How to invest in ESG Equity Mutual Fund

While ESG equity investments should be on your investment portfolio, it’s best
to invest in equities in a staggered manner to counter uncertainty and average
out the cost of buying.

This is where systematic investment plans (SIPs) in mutual funds can help you
make a disciplined investment route of investing in mutual funds.

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IT’S NOT A SKILLS GAP BUT A TRAINING GAP THAT WE NEED TO FIX

Posted on June 10, 2024 by admin

The workforce is constantly evolving and the need for new skills and knowledge
is becoming increasingly important. However, it is not always a lack of skills
that are holding people back, but rather a lack of proper training and
development opportunities. The skills gap discourse has been pervasive in recent
years, but it’s time to shift the focus from just filling the gap to addressing
the root cause of the problem: the training gap. And this can be fixed with the
right amount of Leadership Training. In this article, we will explore why it’s
essential to fix the training gap and how organizations can support their
employees in their ongoing professional development.

This Training Gap Is Even More Crucial To Fill At Present, In These Post
Pandemic Days
The training gap has taken on even greater importance in the post-pandemic
world. The pandemic has disrupted traditional ways of working and accelerated
the need for new skills and knowledge in many industries. Organizations must
prioritize closing the training gap to ensure their employees are equipped with
the skills through Leadership Training course and resources necessary to
navigate this rapidly changing landscape and succeed in the new normal. Filling
the training gap is not just important for individual employees, but also for
the overall success and competitiveness of the organization.

The Lack Of Employability Skills Among Young People
Employability skills are the abilities and traits that make individuals
competitive in the job market. There are various skills that young people are
often missing, but some of the most common ones include:

Communication:
Effective communication is a critical skill for success in any job. Young people
often struggle with clear and concise written and verbal communication.

Problem-solving:
The ability to analyze problems, generate solutions, and make decisions is
essential in the workplace. Young people often lack experience in this area and
need training and development to build these skills.

Critical thinking:
The ability to evaluate information, understand different perspectives, and make
informed decisions is crucial in today’s rapidly changing world.

Teamwork:
Working effectively with others is a vital skill in many jobs. Young people
often struggle with collaboration and may need training to develop the skills
necessary to work effectively in teams.

Adaptability:
The ability to adapt to new situations and technologies is becoming increasingly
important in the rapidly changing world of work.

These are just a few of the skills that young people may be missing, and it’s
important for organizations to recognize and address these gaps through training
and development opportunities.

These Leadership Training Programs are not only important for employees but also
crucial for organizations to get a highly productive and skilled workforce.

Where Traditional Education Fails Leadership Training Programs Come Into Play
Traditional education has its limitations when it comes to preparing young
people for the workforce and equipping them with the skills they need to
succeed. While academic knowledge is important, it’s not enough to succeed in
the modern workplace. This is where leadership training programs come into play.

Leadership Skills Training initiatives are designed to fill the gaps left by
traditional education and provide young people with practical, hands-on
experience in developing the skills they need to succeed. These programs focus
on developing key competencies like communication, problem-solving, critical
thinking, teamwork, and adaptability. They provide young people with the
opportunity to practice these skills in real-world scenarios and receive
feedback and guidance from experienced professionals.

By participating in Leadership Training Programs, young people are better
equipped to enter the workforce with the skills and confidence they need to
succeed. These programs also provide a competitive advantage for organizations
that invest in them, as they ensure that their employees have the skills they
need to thrive in today’s rapidly changing world.

Endnote
By now you must be convinced that it’s actually a training gap that needs to be
addressed to better prepare young people for the workforce. Leadership Training
offers a solution to this issue by providing hands-on experience and practical
skills development. By investing in these programs, organizations can ensure
that their employees have the skills and confidence they need to succeed in
today’s rapidly changing business landscape.

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HOW L&D CAN CREATE A HUMAN-CENTERED WORKPLACE?

Posted on June 10, 2024 by admin

In today’s fast-paced and constantly evolving work environment, organizations
are increasingly recognizing the importance of creating a human-centered
workplace. A human-centered workplace places people at the center of everything,
focusing on their well-being, growth, and development. In this context, Learning
and Development (L&D) play a critical role in creating a culture that supports
the needs and aspirations of employees. By offering Leadership Training
Programs, coaching, and mentoring opportunities that align with employee goals
and ambitions, L&D can foster a positive and engaging work environment that
benefits both individuals and the organization as a whole. In this article,
we’ll explore the key ways L&D can help create a human-centered workplace.

Aligning Employee Development With Business Goals
The first point of how L&D can create a human-centered workplace is by aligning
employee development with business goals. By developing training programs that
are closely tied to the strategic objectives of the organization, L&D can help
employees understand how their personal growth and development align with the
overall goals of the company.

This approach not only helps employees feel more connected to the organization’s
mission but also enables them to see how their contributions make a meaningful
impact. Additionally, when L&D efforts are directly linked to business
objectives, organizations are better equipped to achieve their goals and remain
competitive in the marketplace. By aligning employee development with business
goals, L&D can create a win-win situation that benefits both employees and the
organization.

Personalizing Learning Experiences
The second point of how L&D can create a human-centered workplace is by
personalizing learning experiences for employees. Every employee has a unique
skill set, learning style, and career goals. Therefore, a one-size-fits-all
training approach for their Leadership Development may not be effective. L&D can
create a human-centered workplace by offering personalized learning experiences
that meet the specific needs of each employee.

By conducting needs assessments and utilizing data-driven insights, L&D can
design Leadership Training Programs that cater to individual learning styles,
knowledge levels, and career aspirations. Personalized learning experiences not
only help employees acquire new skills and knowledge more effectively but also
make them feel valued and supported. When employees receive training that is
tailored to their needs and goals, they are more likely to feel engaged and
motivated, leading to increased job satisfaction and productivity.

Promoting Continuous Learning And Development
The third way is by promoting continuous learning and development. In today’s
rapidly changing work environment, it is critical for employees to keep learning
and upskilling to remain relevant and competitive. L&D can create a
human-centered workplace by offering continuous learning opportunities and
Leadership Programs that enable employees to keep pace with the latest
developments in their field. This can include a variety of options, such as
online courses, coaching, job shadowing, and mentorship programs.

By promoting continuous learning, L&D can help employees stay engaged and
motivated, and feel supported in their career growth. This, in turn, can lead to
higher retention rates, as employees are more likely to stay with an
organization that invests in their development. Moreover, a culture of
continuous learning can help organizations stay agile and adaptable, ensuring
they remain competitive in an ever-changing business landscape.

Providing Opportunities For Feedback And Growth
Another way of creating a human-centered workplace is by providing opportunities
for feedback and growth. L&D can foster a culture of open communication and
feedback, where employees feel comfortable sharing their thoughts, ideas, and
concerns. By providing regular feedback and growth opportunities, L&D can help
employees feel valued and empowered, leading to increased engagement, Leadership
Development, and job satisfaction.

This can include regular performance reviews, mentorship programs, or even
opportunities to participate in decision-making processes. L&D can also
encourage employees to take ownership of their development by setting achievable
goals, tracking progress, and celebrating milestones. By providing a
feedback-rich environment and opportunities for growth, L&D can create a
human-centered workplace that supports the well-being and aspirations of its
employees.

Final Words
In conclusion, a human-centered workplace is a critical component of a thriving
and sustainable organization. L&D plays an essential role in creating such a
workplace by aligning employee development and Leadership Programs with business
goals, personalizing learning experiences, promoting continuous learning, and
providing opportunities for feedback and growth.

By adopting these approaches, L&D can help create a culture that values and
supports the well-being and aspirations of its employees, leading to increased
engagement, job satisfaction, and productivity. Ultimately, investing in a
human-centered workplace can benefit both employees and the organization,
resulting in long-term success and a positive impact on society.

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DOCUMENTATION PROCESS WHILE AVAILING GOLD LOAN

Posted on June 10, 2024 by admin

The procedure of availing Gold loan

The method of obtaining a gold loan is quick. In times of need, a Dena Bank Gold
Loan can be valuable. The procedure of availing Gold loans are

Application process
Document verification or Documentation
Purity Test of Gold
Loan Approval
Application protocol

The application is a process where one has to appeal to the respective authority
for granting certain things. The application for a Gold loan can be completed in
the bank in-person visit or digitally by visiting Dena Bank’s official website
or app. An application contains some personal information along with gold
information and other details.

Documentation

This is the most crucial process for acquiring loam. A simple background check
is conducted to avoid fraud. KYC documents, along with two passport-sized
photographs, are asked to be submitted.

One can submit any one of the Aadhar Card, Driving licenses, Voter IDs, PAN Card
as Identity proof. Aadhar card, Ration card, passport, utility bills, or renter
agreement for people residing on rent can be submitted as Address proof or
residence proof.

The Borrower has to visit the Bank for this procedure. A bank representative
will assess your KYC Documents.

Purity test of Gold

Bank authorities do the Purity test of Gold on the premises of the Bank. The
purity test of Gold is an evaluation of Gold for its composition, weight, and
impurities present in it. The loan amount is sanctioned based on the evaluated
gold rate per gram. A purity test is a mandatory test.

Loan Approval

After completing all the procedures and meeting the Eligibility criteria, a Gold
loan is sanctioned. A Sanction letter is issued in the name of the Borrower. A
sanction letter contains details about the lending bank, loan scheme, gold rate
per gram, interest rate, processing fee, prepayment options, tenure period,
repayment options, etc., along with the Dena Bank’s terms and conditions. After
depositing the evaluated Gold in the Bank, the loan amount is reflected in the
Borrower’s account quickly.

Safety of Gold

The Gold deposited in the Bank is placed in the bag and marked by a unique
application no. This is placed in the lockers present in the Bank. Lockers are
present inside the Bank’s vault. It is safely guarded and kept under
surveillance. Bank authorities only enter this room. Each locker has its
specific keys. The keys are with one of the Bank authorities.

Repayment options

These choices are given for the fulfillment of the Debt. The loan amount has to
be paid over the tenure period chosen by the Borrower. If the Borrower misses
repaying an installment, he/she can renew or extend their tenure period, but
this has to be done before the expiry of the tenure period.

The three options given for repayments are Bullet repayment scheme, Overdraft
repayment scheme, and EMI option.

Bullet Payment Scheme
One has to repay towards month-end, and the principal amount is due at the end
of tenure.

Overdraft Scheme
This scheme can be available for colossal loan amounts, and the interest is only
charged on the amount disbursed by the Borrower.

Equated Monthly Instalments (EMI)
In EMI, an indicated amount by the Borrower gets deducted towards the end of the
month. EMI can be calculated using EMI Calculator. Choices have been given to
the Borrower for making a suitable EMI choice.

Standing Instruction (SI)- It is For Dena Bank account holders. The repayments
are made towards month-end on the amount indicated by the borrowers.
Electronic Clearing Service (ECS)- It is for Non-Dena Bank account holders to
digitally transfer the amount.
Post-Dated Checks (PDC)- to enable non-Dena Bank accounts to submit post-dated
EMI cheques have to be submitted.

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VOLUNTARY PROVIDENT FUND (VPF) VS DEBT MUTUAL FUND

Posted on June 10, 2024 by admin

What is a Voluntary Provident Fund?

VPF is an employee savings scheme that comes under the traditional provident
fund savings scheme. However, under the VPF scheme, the contributor can decide
the fixed amount for a monthly contribution. This contribution is not part of
the 12% contribution by an employee towards his EPF.

Advantages

Safe option to invest: Since the Indian Government operates the scheme, the risk
involved is relatively less as compared to other various schemes of investing;
also it is easier and safer to invest via a VPF account.
High rate of interest: Under the VPF scheme, the VPF interest rate is usually
around 8.50% p.a. for FY 21-22.
Easy to open account: It is simple and easy to open a VPF account. Employees can
open a VPF account once by submitting the registration form. The current EPF
account shall also act as the VPF account.
Simple transfer process: If employees change their jobs, the process of
transferring from the old company account to a new one is also quite simple.
Conclusion:

The VPF account is considered one of the best options to invest for a salaried
person. Employees are eligible for tax benefits of up to Rs.1.5 lakh under
Section 80C of the income Tax Act, 1961. The interest that is generated from
these contributions is also generally exempt from tax. However, in case of VPF
interest earned on employee contribution above Rs.2.5lakh p.a over Rs.1.75 Lakh
basic salary., will be taxable. Investments towards a VPF account are viable
because of its efficient rate of interest and tax benefits.

What is the meaning of a Debt Mutual Fund?

A debt mutual fund is a mutual fund scheme that invests in fixed income
instruments, such as Government or Corporate Bonds, corporate debt securities,
and money market instruments etc. Debt funds are also referred to as Fixed
Income Funds or Bond Fund.

What are the four Advantages of a Debt Mutual Fund?

High liquidity: Debt mutual fund schemes, especially liquid funds, typically
have a high degree of liquidity and investors may redeem their investments
faster than others.
Tax efficiency: Debt Mutual fund schemes do have long and short-term capital
gains tax. However, the benefit of indexation increases after three years of
holding and succeeding years.
Flexibility: Using an STP, the debt mutual fund units can be easily transferred
periodically to an equity scheme or any other scheme as per investor’s choice.
Diversification of investment: While choosing debt mutual funds, ensure to
verify the portfolio. Generally, it is safer to invest in Debt Mutual Fund that
invest Government securities and Government-issued papers, thereby reducing
portfolio risk.
Conclusion

Firstly, Debt Mutual fund schemes help reduces overall portfolio risk as they
help in diversification. When equity markets fall, debt investments cushion
downside risks and may bring stability to returns.

Secondly, Debt Mutual funds are a good option for your short-term investment
planning. The accumulated cash could be used for short-term goals like
vacations, buying a gift, etc.

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