Treasury Bill (T-Bill) is the short-term debt securities or government loans with a maturity of less than a year available at zero coupons rate. In other words, T-Bill is a money market instrument issued by the Government of India when the government needs money for the shorter term. They are issued at a discount to the published nominal value of Government Securities. Treasury … [Read more...]
Universal Account Number or UAN
The EPFO (Employee Provident Fund Organisation) allot a 12 digit account number to every employer and employee who has contributed to EPF. And this account number called UAN or Universal Account Number. This number is issued by the Ministry of Employment and Labour under the Government of India. In other words, this account number is a unique identification number that helps … [Read more...]
Employees’ Provident Fund
The Employees' Provident Fund (EPF) is a savings scheme introduced under the Employees' Provident Fund and Miscellaneous Act, 1952. It is managed by the Central Board of Trustees (CBT) which is consists of representatives from three parties such as the government, the employers, and the employees. And the EPFO (Employee’s Provident Fund Organization) helps this board in its … [Read more...]
National Pension Scheme (NPS)
National Pension Scheme (NPS) was launched in January 2004 for government employees (except for armed forces) which is a central government sponsored pension scheme. It brings an attractive long-term saving plan to investor's retirement through the safe and regulated market-based return. On retirement, investors can redeem a part of the collections in a lump sum and use the … [Read more...]
Exchange Traded Funds
What is an Exchange Traded Funds? Exchange-traded funds are one of the most important and valuable products created for individual investors in recent years. Like any other securities (Mutual Funds, Shares, and Bonds, etc) ETF (Exchange Traded Fund) is also a type of securities that are listed on stock exchanges. Index ETFs are created by institutional investors swapping shares … [Read more...]