Watch The Money Show On ET Now by Abhinav Angirish, Founder of InvestOnl...

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EPF rates likely to go down, should VPF investors look for alternatives?

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With large withdrawals and fewer contributions being made amid the coronavirus pandemic, the Employees’ Provident Fund (EPF) rates are likely to go down, experts suggest. Speculation is rife that Employees' Provident Fund Organisation (EPFO) -- the retirement fund body -- may cut interest on EPF for this fiscal (2020-21), from the current 8.5 percent. This is expected to have a cascading effect on the returns from EPF and Voluntary Provident Fund (VPF), believes Abhinav Angirish, founder of Investonline.in. VPF is an extension of EPF and investors can opt for VPF only if they have an EPF account. Additionally,   Budget 2021 levied a tax on interest income above Rs 2.5 lakh   in the case of EPF. This would further add to the woes of subscribers as interest earned on the annual EPF above Rs 2.5 lakh will be taxable. According to Angirish, VPF investors will have to assess their risk appetite and look for alternatives. Conservative investors, Angirish suggests, can park thei...
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Why people do not invest in technology oriented startups

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Here is the first thing that comes to mind when we hear technology entrepreneurs discussing why they have not raised any funding: They are clueless. It's not because they are technophiles, but because they do not understand the nature of technology investment. This is a huge challenge because investors are not interested in talking about technology to begin with. They like to invest in growth-oriented companies.   Their interest is only to learn about and from the company and protect their investments. In many cases, founders ignore the importance of investor presentation, where they should have the chance to showcase their technology and strategies. Most importantly, founders should come prepared with a clear plan, realistic targets, and measurable goals. And investors should invest in a team, which they believe can execute in a short period of time. The second problem is the way that most technology companies present themselves when seeking investment. While many entreprene...
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COVID-19 pandemic: How to manage health insurance and emergency funds?

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The COVID-19 pandemic has taught individuals the need for health insurance as well as emergency funds. There have been several cases wherein people have faced problems due to the absence of these important personal finance assets. According to Abhinav Angirish, founder, Investonline.in, health insurance, just a year ago, was looked upon as an unnecessary expense. Though, today the situation is different. "But having health insurance is not adequate," he stresses. In this pandemic, health insurance has some exclusions. For instance, nebulizer kits, steam inhalers, thermometers, or sanitizers are not covered in health insurance. Also, as Angirish points out, there are reports that policyholders are receiving only 50-55 percent of claims. Having said that, it’s important that customers consider the scope of the coverage and weigh the balance between the premiums paid and the benefits the plan has to offer. "If an individual is employed then he/she would be covered under gro...
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