Introduction:  

          The Public Provident Fund (PPF) is a popular long-term investment option backed by the Indian government. Introduced in 1968, the motto of the scheme is encouraging savings among Indian citizens, especially for their retirement. Offered by the Central Government, the balance in the Public Provident Fund account is not subject to attachment under any order or decree of court under the Government Savings Banks Act, 1873.

Summary:

Government-Backed Scheme:

                 Public Provident Fund  is a government-backed savings scheme available for residents of India.

Long-term Investment:

                It’s designed to provide long-term financial security and is especially beneficial for retirement planning. 

Tax Benefits: 

                Contributions made to  Public Provident Fund  are eligible for tax deductions under Section 80C of the Income Tax Act, making it a tax-efficient investment avenue.

Fixed Tenure: 

                Public Provident Fund  has a fixed tenure of 15 years, although it can be extended indefinitely in blocks of 5 years.

Interest Rate:

                The interest rate on  Public Provident Fund  is set by the government and is compounded annually. Historically,  Public Provident Fund  interest rates have been relatively higher compared to other fixed-income investments.

Minimum and Maximum Investment:

                 The minimum amount required to open a  Public Provident Fund  account is nominal, and there’s a maximum annual investment limit imposed by the government, which can vary from time to time.

Loan Facility:

               After a certain period, account holders can avail of loans against their  Public Provident Fund  balance.

Partial Withdrawals:

               Partial withdrawals are permitted from the 7th year of account opening, subject to certain conditions.

PPF – Key Information:

Articles on Public Provident Fund Account (PPF) :

Benefits:

              This article would delve into the various benefits and features of the Public Provident Fund , including tax benefits, interest rates, and flexibility.

 Open an Account:

             A step-by-step guide on how to open a  Public Provident Fund  account, including the documentation required and where to apply.

 Options:

             Comparing  Public Provident Fund  with other popular investment options like Fixed Deposits, Mutual Funds, and National Savings Certificates, highlighting the advantages and disadvantages of each.

 Interest Calculation: 

               An article explaining how interest is calculated on  Public Provident Fund  balances and the impact of compounding over the long term.

Maximising Returns: 

              Tips and strategies for maximising returns from a  Public Provident Fund  account, such as optimising contributions and timing withdrawals.

 Extension Rules:

                   Explaining the rules and procedures for extending a  Public Provident Fund  account beyond the initial 15-year term and guidelines for partial and complete withdrawals.

 Withdrawals:

                Discussing the tax implications of withdrawals from a  Public Provident Fund  account, including exemptions and taxable components.

Retirement Planning:

               How  Public Provident Fund  can be a cornerstone of retirement planning, including strategies for using  Public Provident Fund  alongside other retirement investment vehicles.

 Young Investors:

             A guide specifically tailored for young investors, highlighting the benefits of starting a PPF account early in life and the potential impact on long-term financial goals.

Risk-Averse Investors:

            Exploring why the Public Provident Fund  is an ideal investment for risk-averse investors, emphasizing its stability and government backing.

Interest rates:

2020-2021

2021-2022

2022-2023

2023-2024

Calculation formula:

M = P [ ( { (1 + i) ^ n } – 1 ) / i ] 

M = Maturity benefit

P = Annual instalments

i = Interest rate

n = Number of years

PPF calculator example table:

                    The Public Provident Fund calculation example, it is assumed that the annual investment amount is Rs 1,50,000, and the Public Provident Fund interest rate is 7.1% per annul in the quarter financial year of 2023-2024. The above example highlights the power of compounding when investing in a Public Provident Fund. Your maturity amount rises from Rs 40 lakh to Rs 1 crore merely by investing Rs. 1.5 lakh over a 15-year period to a 30-year period. 

Other information:

Sukanya Samriddhi Yojana

More details:

PPF

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Introduction:

        Sukanya Samriddhi Yojana (SSY) is a small deposit scheme by the Ministry of Finance for a girl child. The Honorable Prime Minister Narendra Modi launched the scheme on 22nd January 2015 with the main motto of the campaign being “Save Daughter Educate Daughter”. The scheme intends to cover the education and marriage expenses of a girl child. You can open the account at any India Post office or authorized commercial bank branch, as well as online.

Summary:

                    Sukanya Samriddhi Yojana (SSY) scheme has some annual period of interest rate. At first, we set the interest rate at 9.1%. We later revised the interest rate to 9.2% in March 2015 for FY2015-16. You can keep the account open for up to 15 years from the date it was opened Currently, the interest rate is 8.2% in the financial year of January to March 2024.

Age limit:

Starting January 1, 2024, the Sukanya Samriddhi Yojana (SSY) account has been revised to an interest rate of 8.2%. Parents or guardians can open an account for a girl child anytime between her birth and when she reaches 10 years of age. Each child is allowed to have only one account. Their parents can open a maximum of two accounts for each of their girl children.

The girl can operated her account after she reached the age of 10. That account allows 50% withdrawn at the age of 18 for higher education purposes. The account achieved maturity status after 21 years from the date of its opening, and the account holder may choose to either continue or close it at her discretion.

Investing amount criteria:

You can transfer a Sukanya Samriddhi Yojana (SSY) account to any location in India. You must deposit a minimum amount of Rs.250 into the account initially. Subsequently, you can deposit any amount in multiples of Rs 100. The maximum deposit limit is Rs. 1,50,000.If the account holder fails to make the minimum deposit of Rs.250 within a year, a fine of Rs.50 will be charged. The opening account will earn only applicable rate of interest only.

Transfer of account:

You can transfer your Sukanya Samriddhi Yojana (SSY) Account anywhere in India, including between post offices and banks. The cost on furnishing of proof to shifting the residence of either the guardian or the account holder to be free. The account holder must pay a fee of one hundred rupees to either the post office or the Bank to which the transfer is being made. The account transfer process must be electronically initiated by the account holder.

Interest calculator:

Sukanya Samriddhi Yojana calculator uses the following formula

A = P (1 + r/n) ^ nt

Where –

A-Compound interest

P-Principal amount

r- Rate of interest

N-Number of times interest compounds in a year

t- Number of years

For example let us consider the investing amount is Rs.1.5lakh per annum for each 15 years. The compound interest rate is 8%. After 21 years the maturity amount is Rs. 65,93,071 lakh to be raised.

TAX DEDUCTION:

Sukanya Samriddhi Yojana (SSY) account is eligible for a tax deduction up to Rs 1.5lakh per year under Section 80C of the Income tax act. The interest you earn on the deposit and the amount withdrawn at maturity are tax-free.

For more Details:

Sukanya Samriddhi Yojana

Public Provident Fund 2024 Details

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dividend battery company  india 2023

Introduction

Exide Industries Limited (Exide) is an Indian multinational storage battery manufacturing company, headquartered in Kolkata, India. It is the largest manufacturer of lead-acid storage batteries and power storage solutions provider in India.

The company has ten international standard factories spread across five states in the country, out of which 8 factories are dedicated to lead-acid batteries and 2 factories manufacture Home UPS Systems. The factories are located in Ahmednagar, Chinchwad & Taloja in Maharashtra, Haldia& Shyamnagar in West Bengal, Roorkee & Haridwar in Uttarakhand, Hosur in Tamil Nadu, Bawal in Haryana, and Prantij in Gujarat.

Exide exports its batteries to more than 60 countries across the globe. It has a strong 95,000+ distributor & dealer / sub-dealer network.

Dividend Summary

For the year ending March 2023 Exide Industries has declared an equity dividend of 200.00% amounting to Rs 2 per share. At the current share price of Rs 345.20 this results in a dividend yield of 0.58%.

Investor Calculation:

dividend battery company  india 2023

Introduction

Amara Raja Group, is an Indian multinational conglomerate company, headquartered in Tirupati, India. The group has a presence in the automotive battery business, packaged foods and beverages, electronics products manufacturing, infrastructure sector, power system production and fabrication of sheet metal products and fasteners.The Amara Raja Group is known for its automotive battery brand Amaron, the second largest selling automotive battery brand in India after Exide Industries.

Dividend Summary

For the year ending March 2023 Amara Raja Energy & Mobility has declared an equity dividend of 610.00% amounting to Rs 6.1 per share. At the current share price of Rs 882.75 this results in a dividend yield of 0.69%.

Investor Calculation:

Introduction

Founded in 1977 in India, HBL is a global powerhouse in the industrial and specialized batteries space. As a leading engineering company, we have built an extensive footprint worldwide and cater to the most demanding customers and applications.

HBL stands unequalled in its ability to design, manufacture, supply, and service customized solutions using numerous battery chemistries. These include VRLA, nickel cadmium, silver, and lithium-ion types. We also manufacture supporting ancillary equipment and DC systems.With a relentless pursuit to provide reliable, high-quality battery solutions, we have developed innovative products for both automotive and industrial applications that meet their needs in every step of the way.HBL supports several critical applications across sectors including Aviation, Railways, Defense, Oil & Gas, Power, Telecom & Data Centers.

Dividend Summary

For the year ending March 2023 HBL Power Systems has declared an equity dividend of 45.00% amounting to Rs 0.45 per share. At the current share price of Rs 530.75 this results in a dividend yield of 0.08%.

Investor Calculation:

Introduction

Panasonic Holdings Corporation[a] is a Japanese multinational electronics company, headquartered in Kadoma, Osaka, Japan. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works[b] in Fukushima, Osaka by Kōnosuke Matsushita. In 1935, it was incorporated and renamed Matsushita Electric Industrial Co., Ltd.[c] In 2008, it changed its name to Panasonic Corporation. In 2022, it became a holding company and was renamed.

In addition to consumer electronics, of which it was the world’s largest maker in the late 20th century, Panasonic offers a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial systems, as well as home renovation and construction.Panasonic has a primary listing on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX 100 indices. It has a secondary listing on the Nagoya Stock Exchange.

Dividend Summary

For the year ending March 2023 Panasonic Carbon India has declared an equity dividend of 120.00% amounting to Rs 12 per share. At the current share price of Rs 242.10 this results in a dividend yield of 4.96%.

Investor Calculation:

Dividend calculator

Amaron

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Dividend Yield Mining Company In India 2023:

Dividend Yield Mining Company In India 2023 is defined as a company whose primary business is exploring, seeking to develop.

Coal India Ltd.

Introduction:

Coal India Ltd. is an India-based coal mining company. The Company operates through its subsidiaries in 83 mining areas spread over eight states of India. The Company has 322 mines, of which 138 are underground, 171 opencast and 13 mixed mines. It also manages other establishments like workshops, hospitals and others.

Investor Calculation:

Gujarat Mineral Development Corporation Ltd.

Introduction:

Gujarat Mineral Development Corporation Limited (GMDC) is a major Indian state-owned minerals and lignite mining company based in Ahmedabad. GMDC was founded in 1963. Its product range includes essential energy minerals like lignite, base metals and industrial minerals like bauxite and fluorspar.

Investor Calculation:

MOIL Ltd.

Introduction:

MOIL is a Schedule “A” Miniratna Category-I Company. It was originally incorporated as Manganese Ore (India) Limited in the year 1962. Subsequently, name of the Company was changed from Manganese Ore (India) Limited to MOIL Limited during the financial year 2010-11.

Investor Calculation:

NMDC Ltd.

Introduction:

National Mineral Development Corporation (NMDC), an enterprise of Government of India, incorporated on November 15, 1958, is engaged in the activities of exploring, developing and exploiting mineral resources of the country other than coal, oil, natural gas and atomic minerals.

Investor Calculation:

Sandur Manganese and Iron Ores Ltd.

Introduction:

The company was incorporated as a private limited company in 1954 and latter on converted as public limited company in 1964. The company is promoted by Mr Y.R. Ghorpade. The company is engaged in the business of mining of Manganese and Iron Ore.

Investor Calculation:

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Atul Ltd.

Introduction

Dividend Giving Bike Stocks in India.Atul Auto Limited is an Indian three wheeler(auto rickshaw,tuk tuk,e-richshaw)manufacturing company based in rajkot

Dividend Summary

                          For the year ending March 2023 Atul has declared an equity dividend of 325.00% amounting to Rs 32.5 per share. At the current share price of Rs 6334.65 this results in a dividend yield of 0.51%.

The company has a good dividend track report and has consistently declared dividends for the last 5 years.

Investor Calculation:

Dividend Giving Bike Stocks in India

Introduction

Hero MotoCorp Limited is an Indian multinational motor cycle and scooter manufacturer headquartered in Delhi. It is one of the world’s largest two-wheeler manufacturer and has a market share of about 46% in the Indian two-wheeler industry. As of 27 May 2021, the market capitalization of the company was ₹59,600 crore (equivalent to ₹700 billion or US$8.8 billion in 2023).

“Hero” is the brand name used by the Munjal brothers for their flagship company, Hero Cycles Ltd. A joint venture between the Hero Group and Honda Motor Company was established in 1984 as the Hero Honda Motors Limited at Dharuhera, India. Munjal family and the Honda group both owned a 26% stake in the company.

Dividend Summary

For the year ending March 2023 Hero Motocorp has declared an equity dividend of 5000.00% amounting to Rs 100 per share. At the current share price of Rs 4586.55 this results in a dividend yield of 2.18%.

Investor Calculation:

Dividend Giving Bike Stocks in India         

Introduction

                  Bajaj Auto Limited  is an Indian multinational automotive manufacturing company based in Pune It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj(1889–1942) in Rajasthan in the 1940s.

Bajaj Auto is the world’s third-largest manufacturer of motorcycles and the second-largest in India. It is the world’s largest three-wheeler manufacturer.^] In December 2020, Bajaj Auto crossed a market capitalisation of ₹1 trillion (US$13 billion), making it the world’s most valuable two-wheeler company.

Dividend Summary

For the year ending March 2023 Bajaj Auto has declared an equity dividend of 1400.00% amounting to Rs 140 per share. At the current share price of Rs 7655.75 this results in a dividend yield of 1.83%.

Investor Calculation:

Introduction

The Suzuki SJ410-based Gypsy, a 970 cc 4-wheel drive off-road vehicle, was introduced in 1985. The 100,000th car manufactured by the firm was the 796 cc hatchback Suzuki Alto (SS80), which succeeded the original 800 in 1986 In 1987, the company started exporting to western markets, when a lot of 500 cars were sent to Hungary. By 1988, the capacity of the Gurgaon plant was increased to 100,000 units per annum.

Dividend summary

Investor Calculation:

Mrf 

Introduction

MRF or MRF Tyres, is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. It is headquartered in Chennai, Tamil Nadu, India. The word MRF comes from the company’s initial days when it was called as Madras Rubber Factory. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys.[3] MRF also runs the MRF Pace Foundation, Chennai and MIDD – MRF Institute of Driver Development in Chennai. MRF Limited has emerged as the world’s second-strongest tyre maker, with a AAA− brand grade

Dividend summary

For the year ending March 2023 MRF has declared an equity dividend of 1750.00% amounting to Rs 175 per share. At the current share price of Rs 142477.80 this results in a dividend yield of 0.12%.

Investor Calculation:

Dividend calculator 

Atul auto ltd

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Dividend Paying Education Stocks 2023 here economic growth has lead to an increased demand for educational institutions in indian market.

Career Point Ltd.

Introduction:

Career Point was incorporated to impart quality education to students preparing for various competitive examinations. With the sky-high ideals and commitment to excellence, now Career Point has taken a shape of vibrant, dynamic and responsible education company of the country.

Investor Calculation:

Global Education Ltd.

Introduction:

Global Education Limited is an ISO certified Educational Service Provider and consultant headquartered in Mumbai with branches in various cities. We are substantial organization comprising a dedicated cluster of professionals who have proved their par excellence in their respective fields.

Investor Calculation:

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dividend giving alcohol company stocks here we list out top dividend yield sprit or alcoholic beverage industries stock in indian market

Associated Alocohol and Breweries

Introduction:

The company was promoted by B. P. Kedia and Anand Kumar Kedia.The Company was engaged in the manufacture of potable alcohol with an installed capacity of 270 LLPA (Lakh Proof litres per annum) at Madhya Pradesh. Presently manufacturing all kinds of potable liquor and blended liquor.

Investor Calculation:

G M  Breweries

Introduction:

G M Breweries Limited is an India-based company, which is engaged in the manufacture of alcoholic liquor. The Company is primarily engaged in the manufacturing and marketing of alcoholic beverages: such as country liquor (CL) and Indian made foreign liquor (IMFL). The Company’s brands include G.M.

Investor Calculation:

Globus Spirits Ltd

Introduction:

Globus Spirits Ltd (Globus Spirits) manufactures, markets, and sells liquors, sanitizers, animal feed, CO2, bioethanol, and bulk alcohol. The company’s product portfolio includes whisky, brandy, vodka, rum, and gin.

Investor Calculation:

India Glycols

Introduction:

India Glycols Limited holds the distinction of being the only green petrochemical company of its kind and is the first and only in the world to have commercialized the production of ethylene oxide, its derivatives and glycols from renewable agricultural resources, namely molasses or sugar cane.

Investor Calculation:

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List of Top Small Finance bank with their Dividend Shares:

Ujjivan 

Introduction:

dividend giving small finance bank 2023:

Ujjivan Financial Services Limited (UFSL) commenced operations as an NBFC in 2005, with the mission to provide a full range of financial services to the ‘economically active poor’ who were not adequately served by financial institutions.

Investor Calculation:

Capital small finance bank

Introduction:

Small Finance Banks basically work as savings vehicles as well, as they are engaged in offering credit facilities to small business units, micro and small industries, small and marginal farmers and other unorganised sectors through their advanced technology & low-cost operations.

Investor Calculation:

 Equitas Small Finance Bank

Introduction:

Equitas Small Finance Bank (erstwhile Equitas Microfinance Ltd) is a small finance bank founded in 2016 as a microfinance lender. The bank has its headquarters in Chennai, and is a subsidiary of holding company Equitas Holdings Ltd. Equitas Small Finance Bank. Native name. Small bank of Bank india.

Investor Calculation:

Au small finance bank

Introduction:

We started our journey in the year 1996, as erstwhile AU Financiers (India) Limited. For the last two decades, AU Small Finance Bank has been relentlessly working in the underbanked and unbanked areas. Today, AU Small Finance Bank has a network of 900+ touchpoints across India.

Investor Calculation:

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List of Top Jewellery Industries with their Dividend Shares:

Titan Company

Introduction:

Dividend Yield Jewellery Stocks : In June 1984, Tata Industries and the Tamil Nadu Industrial Development Corporation (TIDCO) formed a joint venture to bring Titan Watches to market. From that point on, Titan’s clock never paused. Manufacturing started in 1986, and the Titan name was introduced to the public in March of 1987.18 Aug 2022 established leading positions in the Jewellery, Watches and EyeCare categories led by trusted brands and superior customer experience.

Investor Calculation:

Kalyan Jewellers

Introduction:

Kalyan Jewellers India Ltd is a Jewellery companies. The business activities of the company is to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions such as wedding, festivals and others. It operates in a single segment namely the jewellery business. From a humble start in Thrissur to 140 showrooms worldwide, 1993 marked the year when a small jewellery showroom unfurled its vision to the world. That vision belonged to TS Kalyanaraman.12 Oct 2023

Investor Calculation:

Golkunda Diamond Company

Introduction:

1990 -Golkunda Diamonds & Jewellery Ltd was incorporated and was engaged in the business of manufacturing, marketing and exporting of diamond and jewellery products. Golconda diamonds are graded as Type IIa, are formed of pure carbon, are devoid of nitrogen, and are large with high clarity.

Investor Calculation:

 Thangamayil

Introduction:

Thangamayil Jewellery Ltd was incorporated in the year 2000 as a private limited company with the name Thangamayil Jewellery Pvt Ltd. Prior to the formation, the business was carried on by the promoters of the company in the name of Balu Jewellery as a partnership concern. From the time of its inception in 2000 as Thangamayil Jewellery Private Limited, the company grew exponentially to turn out as a public limited company in 2007.

Investor Calculation:

Senco Gold

Introduction:

Senco Gold and Diamonds is a brand owned by Senco Gold Limited (‘the Company’) with a legacy of over five decades. Our company was originally incorporated as Senco Gold Private Limited on August 22, 1994, in Kolkata, West Bengal, under the provisions of the Companies Act, 1956.

Investor Calculation:

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List of Top Electrical Industries with their Dividend Shares:

 Siemens

Introduction:

Electrical Dividend Paying Stocks in 2023 : Siemens is leading the Digital Transformation. Learn more today! Shape the Future. Reliable energy. Future of Manufacturing. Moving Societies. Sustainable development. Optimizing infrastructure. Siemens is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial . Siemens is the largest industrial manufacturing company in Europe, and holds the position of global market leader in industrial automation and industrial software.

Investor Calculation:

ABB Ltd company

Introduction:

ABB Ltd (ABB) is a provider of electrification and automation technologies and solutions. The company’ offers products, systems, solutions and services related to electrification products, motion and industrial automation. ABB is a pioneering technology leader with a comprehensive offering for digital industries. With a history of innovation spanning more than 130 years, …

Investor Calculation:

  Apar Industries

Introduction:

APAR Industries was started in 1958, in India. Over 60 years later, we have grown into a diversified $1 billion company, and expanded to over 140 countries as a highly trusted manufacturer and supplier of conductors, transmission cables, speciality oils, polymers and lubricants. APAR Industries was started in 1958, in India. Over 60 years later, we have grown into a diversified billion dollar company, and expanded to over 140 …

Investor Calculation:

CG Power and Industrial Solutions

Introduction:

CG Power and Industrial Solutions Limited, also known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution & Rail Transportation. CG Power and Industrial Solutions Limited, also known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, …

Investor Calculation:

Havells Ltd

Introduction:

Havells India Limited is a Fast Moving Electrical Goods (FMEG) Company with an extremely strong global presence, thanks to our philosophy of Make in India, extensive distribution network and world class quality. Havells India Limited is an Indian multinational electrical equipment company, based in Noida. It was founded by Haveli Ram Gandhi, later sold to Qimat Rai ..

Investor Calculation:

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