What is NPS? The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004. NPS has been opened to all Indian citizens voluntarily by the Pension Fund Regulatory and Development Authority (PFRDA). How does NPS works? NPS investment encourages people to invest in a regular interval during the course of their employment and helps in building the retirement corpus. After retirement, we can choose to withdraw 60% of the total amount and the remaining amount 40% should be used to purchase an annuity which will be a regular income post-retirement. 2.Types of NPS Account: 2.1.1. NPS […]

We started 2022 with peak of equity market followed by Ukraine war, historical high US inflation rate, hikes in interest rate by central Banks and oil price volatility. The market reacted adversely to global uncertainties. The latest uncertainty is the bizarre China Covid 19 policy. But India has handled Covid effectively, managed macro-economic fundamentals well amidst uncertainties. The inflation has started moderating, is below 6% now and likely to go down further as per RBI’s assessment. As per IMF, India is the highest GDP growing economy in the world today. The credit growth has picked up and non food credit […]

1) There is always, always, always something to fear when to comes to the stock market. Fear is good because it’s the fear that creates opportunities. Rather than avoid fear, you should welcome it. It is in the grip of stock market fear and exuberance that the most money is made in the shortest timeframe. 2) When fear starts, we perpetuate it. Fear is great for us, for the financial media, the brokers, the financial planners, the fund managers, for financial advisers, in fact it’s great for the whole finance industry. Why? Because fear triggers insecurity which drives investors to […]

We normally associate investment risk with loss of capital, fluctuation or volatility in prices of listed securities, foreign exchange risk, stock picking risk and so on. The impact of ‘illiquidity’ is also an important risk in listed securities like stocks and exchange traded-funds (ETFs). Illiquidity risk in Real Estate Real estate is plagued with illiquidity risk and this is well understood by most people, however, the same parameter is somewhat misunderstood in listed securities such as ETFs. Sometimes in an hour of crisis we may be forced to sell assets like our house with distress selling wherein lack of liquidity […]

National Pension Scheme (NPS) is one of the popular retirement savings schemes in India. Now you can invest through systematic investment plan (SIP) facility to make periodic contributions to your NPS account. For this one must have an NPS account with active permanent retirement account number (PRAN). Please visit our blog https://www.maxsecfp.in/how-to-open-nps-account-online/. You can create SIP in NPS in two ways. 1.One way is to approach the bank (POP- Point of Presence) in which you opened your NPS account and provide a standing instruction to the bank to make periodic payments to your NPS account. 2. The other way is […]

Background Legacy is often understood as leaving behind a property or tangible assets to be inherited by successors. And Financial Will is the instrument of such legal succession. This, no doubt, ensures easy and smooth transition of one’s tangible property, both movable as well as immovable. This also translates the transition of property of the deceased in terms of his / her intent and prevents any possible chaos/confusion after death. However, the said process only takes care of financial assets. While financial estates are important, the other aspects, possibly more important ones, are often forgotten. This includes the intangible legacy of an individual. Every person is the repository […]

“Women should be financially independent. It doesn’t matter who your father is, doesn’t matter who your brother is, doesn’t matter who the man in your life is, you need to be responsible for your finances and be financially independent “Priyanka Chopra” The role of women in society is changing. The number of educated girls is increasing and they are coming out with flying colours in every sphere of life. They are now career-oriented and are being commissioned into Defence & even Flying Combat Aircraft which were once upon a time dominated by males. Indian born Dr Swati Mohan recently led […]

The year gone by is unforgettable. We have survived the challenges, thrived and adapted. We learnt how to handle our health better; exercises, meditation and enough sleep. This has helped us to discover our body, mind and emotions. We learnt the limitations of the false ego originating from wealth, position and power. There was enough time to introspect and learn crucial life lessons. How many would have befriended pains and challenges voluntarily? It was a big opportunity in disguise. It taught us big lessons on patience and empathy. We learnt to respect and gratitude. We have emerged more mature and […]

Parents in India believe in providing full financial support for children’s higher education. The moot point is; Would you pay for your child’s higher education abroad, even if it means dipping into your retirement kitty? For many, it is an investment into their child’s future, and by extension their own. There is a difference in the way many parents look at it and the right way to look at it. We have seen parents struggling to honour the EMIs even after retirement by resorting to Debt. They believe “that is what a good parent would do”. Parents also believe to […]

Secured way to safe keep and share e-Documents Digital Locker, one of the key initiatives under the Digital India initiative, is aimed at eliminating the usage of physical documents (Pan Card, Driving Licence, Birth certificate, Marksheets, Income Tax return etc),  and enable sharing of e-documents across government agencies via a mechanism to verify “authenticity” of the documents online. Residents can also upload their own electronic documents and digitally sign them using the e-sign facility. These digitally signed documents can be shared with Government organizations or other entities. Citizens with Aadhaar number can create Digital Locker accountsKindly ensure that your current […]