Suggestion kavali

[Rushabhi]

Maa  vallu money vishayam lo chala mistakes chesaru. Long story short aasthulu ammukoni appulu teerusthunnaru. Vallaki fixed income emi ledhu ippudu. Naaku question enti ante valla karchulaki saripada long term em cheyochu. Tier 2 cities like narasaraopeta lo entha karchu avuthundi per month? Sontha illu undi. Nenu anukunnavi ivi

national savings certificate 

fd

pmvvy

mutual funds - (veeti gurinchi pedha teleedhu)

What is better?

[Android_Halwa]

@Rushabhi

Post office scheme is lot better at rates comparatively...

Fixed deposits ki last week ae oka .5% tagginchinaru rate...so Post Office is lit better

 

[xano917]

17 minutes ago, Rushabhi said:

Maa  vallu money vishayam lo chala mistakes chesaru. Long story short aasthulu ammukoni appulu teerusthunnaru. Vallaki fixed income emi ledhu ippudu. Naaku question enti ante valla karchulaki saripada long term em cheyochu. Tier 2 cities like narasaraopeta lo entha karchu avuthundi per month? Sontha illu undi. Nenu anukunnavi ivi

national savings certificate 

fd

pmvvy

mutual funds - (veeti gurinchi pedha teleedhu)

What is better?

who is maa vallu ? in laws or parents ?

[Android_Halwa]

Mutual funds are based on market risks...you may not have regular payouts. Returns may range ante here between 1-2% to even 10-15% but it all depends on market risks, tenure ekuva vunte returns ekuva vuntayi and money gets locked up and liquid conversion and access to funds may be a challenge...

[Rushabhi]

1 minute ago, Android_Halwa said:

@Rushabhi

Post office scheme is lot better at rates comparatively...

Fixed deposits ki last week ae oka .5% tagginchinaru rate...so Post Office is lit better

 

Senior citizens saving scheme fd undi kadha daaniki rate 8 percent anukunta kadha

[Rushabhi]

1 minute ago, xano917 said:

who is maa vallu ? in laws or parents ?

How does that matter in the grand scheme of things? 

[xano917]

Just now, Rushabhi said:

How does that matter in the grand scheme of things? 

You tell then DB will tell the scheme 

[johnydanylee]

2 minutes ago, Android_Halwa said:

Mutual funds are based on market risks...you may not have regular payouts. Returns may range ante here between 1-2% to even 10-15% but it all depends on market risks, tenure ekuva vunte returns ekuva vuntayi and money gets locked up and liquid conversion and access to funds may be a challenge...

+1

MF  only long term returns subject to market risks...no use in emergencies

[Android_Halwa]

For the PMVVY scheme, it is as good as the Post Office savings scene...rate is also the same but with fixed interest , like monthly pension schemes. 

Calculation of pension amount 
Illustratively, if one invests Rs 5 lakh (purchase price) and opts for a yearly pension, the pension amount will be: 

For every Rs 1,000, it is Rs 83 per annum, therefore for Rs 5 lakh, the pension amount comes to Rs 41,500 annually. So, if one needs a monthly pension of Rs 3,000, one needs to invest Rs 4.5 lakh. On investing the maximum allowed amount of Rs 15 lakh, a monthly pension for ten years will be Rs 10,000. 

On maturity or on death 
PMVVY has a term of ten years and on surviving the date of maturity, the purchase price along with the final pension installment is refunded to the individual. On death during the policy term of 10 years, only the purchase price is refunded to the beneficiary.

[JollyBoy]

Just now, xano917 said:

You tell then DB will tell the scheme 

genuine post ni enduku va spam chestaru

[kasi]

19 minutes ago, Rushabhi said:

Maa  vallu money vishayam lo chala mistakes chesaru. Long story short aasthulu ammukoni appulu teerusthunnaru. Vallaki fixed income emi ledhu ippudu. Naaku question enti ante valla karchulaki saripada long term em cheyochu. Tier 2 cities like narasaraopeta lo entha karchu avuthundi per month? Sontha illu undi. Nenu anukunnavi ivi

national savings certificate 

fd

pmvvy

mutual funds - (veeti gurinchi pedha teleedhu)

What is better?

mee oru lo entha karchu avuthundho neeku thelida??

and appulu therchatam mistake yala avuthundhi ???? 

first if you want to take financial responsibility, if you really want to help them and if you have money........appu theru first, aa properties nuvu konu, and make them rental for a study income 

 

if you dont have money.......get the list of assets and debts.......plan it properly, if they have more money than debt, if you are smart/patient enough, invest in rental....they will have a very study income plus assets  

[Android_Halwa]

So this PMVVY scheme has a ceiling limit too, 15 lakhs is the maximum amount one can invest and one will get 10,000 rupees per month as pension for 10 years. 

 

[Scada]

12 minutes ago, Rushabhi said:

Senior citizens saving scheme fd undi kadha daaniki rate 8 percent anukunta kadha

 there is a cap limit on how much you can put it that fd..mat be its 15 lakhs..Yes for senior citizens its 8% something

[Android_Halwa]

@Rushabhi

chwck out this link for PMVVY scheme. 

One can buy this scheme at LIC

https://www.google.com/amp/s/m.economictimes.com/wealth/personal-finance-news/budget-2018-fm-proposes-to-increase-pmvvy-limit-to-rs-15-lakh-seniors-to-benefit/amp_articleshow/62739810.cms

[Android_Halwa]

So the equation pretty much stands out like this..

for every 15 lakhs invested in such bonds or schemes or even FD’s, you will get a return of 10,000 per month, that calculates to almost 1.2lakh an year...

most schemes are in this range with few thousands here or there..