ANAGH Investment Services

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Who Am I?

Who am I I am LIFE INSURANCE. To bring me at your Home to make it Safe & Financially Protected, call your Insurance Advisor now.

UTI Floater Fund An open ended Debt Scheme predominantly investing in floating rate instruments. NFO Opens: October 12, 2018 NFO Closes: October 26, 2018 Scheme reopens on: O...

LIC's Endowment Plan

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What Rise In Small Savings Scheme Interest Rates Means For You The government recently raised interest rates on small savings schemes such as fixed deposits (FD) and recurring deposits (RD), up to 0.4 per cent or 40 basis points for the period from October 1, 2018 to December 31, 2018. This means that small saving scheme investors will get higher interest rates...

Great news for the investors, who are looking for a instrument, where they can park their money for short period like 3-6months
https://youtu.be/torYU-Rfrsc

HDFC Ultra Short Term Fund A Open Ended Fund for the Investors, who are looking for a short term period of 3-6 months.

Please find below the link of performance leaflet of LIC MF ULIS from LIC Mutual Fund. http://licmf.info/ulis_performance_sept18
ANAGH Investment Services

RULE 72

What is Rule 72?

In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money..
Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus it will take 8 years to double your money if you invest at 9% p.a. rate of interest.

INTEREST:
We can use this rule in reverse to know the rate of interest needed to double your money to achieve your set goal.
Eg: If you have 250k today and you need 500k in 5 years. Just divide the number 72 by 5, the answer is 14.41%. Thus you need a type of investment avenue, where you earn at least 14.41% p.a. as rate of interest/returns to double your investment amount in 5 years.

INFLATION:
This 'Rule 72' helps you to understand about inflation also. It helps you to calculate the amount of time it will take for inflation to make the real value of money half. Let's say present inflation is 5.5%. When you divide 72 by 5.5% the answer is 13.09 years. That is to say, if you have 100k in your kitty today, it would take around 13.09 years for the value of the money to be halved..

Hope it helps you in your day to day investments and other finance related activities.

If So, it will be a good news...

Hope to recover Rs 2,000 crore from NPA resolution in FY'19, says IFCI Of the 12 large NPA accounts with over Rs 5,000 crore, identified as bad loans by Internal Advisory Committee of RBI, IFCI has exposure in 6 such cases.