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What is ELSS and What to Consider When Investing in ELSS – Indian Money

What is ELSS and What to Consider When Investing in ELSS – Indian Money

If you are wondering what ELSS stands for, then it refers to Equity Linked Savings Schemes. These are considered diversified funds which are primarily invested in equity related investments. The good thing ELSS is that here investment is made in companies that have strong business model and a very good growth potential. Let us look at Indian Money review of aspects you need to check before making an investment in ELSS. IndianMoney.com Review of ELSS Many people get scared when they hear that investment will be made in equities. But, on the contrary, you get the assurance of better returns when you make investments for a longer period of time. Our focus here will be on analyzing few things that you need to keep note of while investing in ELSS. Types of ELSS As per Indian Money CEO, C S Sudheer, there are two types of ELSS, one is known as dividend funds and the other is called growth funds. Investment Method You can make an investment in two ways; as a lump sum amount or through SIP where fixed amount is invested on a monthly basis. This way you get the advantage of rupee cost averaging. Lock-in Period As an investor you need to be aware of the fact that there is a lock in time period of 3 years for this type of investment. However, the good thing is that ELSS has shortest lock in since PPF has a 15 year lock-in and NSC has 5 years lock in period. Additionally, if you are able to hold the investment for seven to ten years then you can expect better returns. NAV Fluctuations You need to be aware of the fact that investment in equity funds is always risky and a fluctuation in Net Asset Value (or NAV) is always a possibility. Thus, the best thing to do is to make a long term investment. https://indianmoney.com/articles/how-can-high-earning-individuals-optimize-tax-deductions https://indianmoneyreview.blogspot.com/ https://indianmoneyceo.blogspot.com/ https://yourstory.com/2014/04/indianmoney/ https://in.linkedin.com/company/indianmoney-com https://www.owler.com/company/indianmoney https://bangalore.locanto.net/ID_2237291663/Indian-money-review-Indian-Money-Company-reviews-Indianmoney.html https://www.crunchbase.com/organization/indianmoney-2 https://www.glassdoor.co.in/Reviews/IndianMoney-com-ShantiNagar-Reviews-EI_IE554119.0,15_IL.16,27_IC4471285.htm https://indianmoneycomreview.wordpress.com/2018/07/17/indian-money-reviews-indian-money-bangalore-benefits-of-filing-income-taxes-early/ https://economictimes.indiatimes.com/indianmoney-com-bangalore/params/smecompany/entityid-173329 https://www.amazon.in/Love-Beyond-Death-Founder-IndianMoney-com/dp/819348360X https://indianmoney.com/ contact@indianmoney.com 08042687207

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What are the features, benefits, and eligibility criterion for PradhanMantriJeevanJyotiBimaYojana? Let us answer this question in the following sections. Features of PradhanMantriJeevanJyotiBimaYojana 1. You have to pay premium of only Rs.28 per month or Rs.330 every year. As per indianmoney.com reviews, this is a very meager amount when you think about other life insurance plans. These premiums are automatically deducted from your account on a yearly or monthly basis. 2. Your nominee will receive Rs.2 Lakhs upon your death if the death occurs within plans term. 3. In Indian Money reviews it was found that you can select the long term or the other scheme where you have to opt-in every year. 4. You will not have to undergo a medical test to avail the insurance. 5. Auto renewal of insurance means you do not have to worry about lapse of your insurance. 6. The risk cover starts after 45 days and claims are not settled in this 45 day period. But, according to Indian Money review, death is taken as an exemption. Eligibility Criterion 1. A person should be 18-50 years and also have a savings account in his or her name. People joining before turning 50 are able to avail risk cover up to age of 55 years if the premium is paid on regular basis. 2. Indian Money review Bangalore states that the policy term is of 1 year and it can be renewed on a yearly basis. 3. If there would be a joint PradhanMantriJeevanJyotiBimaYojana then each one has to pay the yearly premium amount. 4. The scheme gets renewed every year of 1st of June. In case, someone exists the scheme then it is easy to rejoin by making payment of the yearly premium amount. https://www.aasaanjobs.com/org/indianmoney-com/81ed5a48-996b-40f9-a560-3f7781fd59fc/ https://yourstory.com/2014/04/indianmoney/ https://economictimes.indiatimes.com/indianmoney-com-bangalore/params/smecompany/entityid-173329 https://www.owler.com/company/indianmoney https://www.crunchbase.com/organization/indianmoney-2 indianmoneyreview.blogspot.com https://indianmoney.com contact@indianmoney.com 08042687207

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