GPSSB DWARA LEVAYEL SAMAJ KALYAN NIRIKSHAK PROVISIONAL MERIT DECLARED 2019
The rise of civilization and writing occurred simultaneously. When men discovered fire, at the same time he invented the alphabets, and so began the progression of civilization and literature of various kinds. From the dark ages to this day, great works of writing has been and is still being produced and published; it ranges from the great Shakespearian plays to children’s favorite author Dr Seuss, but what is it that makes these writings a worldwide success? All good writings contain a logical, identifiable voice; it makes the reader believe one person is talking to another, the writing has a sense of audience; the writer makes contact with the reader and expects his or her needs, good writing uses detail; the reader is able to “see” what the writer is describing, it also has rhythm; it seems to flow effortlessly from beginning to end, it also has good content; nobody reads books they neither learn from nor enjoy and most of all good writings uses proper mechanics; the writer is obviously in control of spelling, punctuation, and usage.
Ernest Hemingway was a writer whose style was very different to that of most writers in his time. Instead of using overly descriptive writing, his stories were more of a “get to the point” style. Instead of using 5 pages to describe someone’s appearance, Hemingway would get his point across in just a small amount of space. This style used by Hemingway, appealed to the majority because it enabled the reader to get the full effect of the story without reading strenuous chapter one after another. Another aspect of Hemingway’s style was the connection he could make with reader through his use of atmosphere. When you would read a story written by Hemingway, you could feel like you were in the setting, seeing what the characters saw, and feeling as the characters felt.
Further, here are a few points on the basis of which you can choose between mutual funds and post office schemes:
Guaranteed returns: Mutual fund investments do not offer guaranteed returns, unlike post office schemes. Any change in the market directly impacts the returns and at times, an investor may miss out on the monthly dividends too. Also, even if the monthly dividends are paid, the amount that an investor will receive each month is not guaranteed. On the other hand, post office schemes are currently offering guaranteed annualized returns of up to 8.7%.
Liquidity: Mutual fund investments are highly liquidable and an investor can opt out of it at any point in time. Withdrawal from mutual fund investments would cost you around 1% exit charge. However, premature withdrawal from post office schemes would cost you a deduction of over 2%.
Taxation: The interest earned from post office schemes is taxable as per your personal income tax slab. Similarly, dividends from mutual funds are subject to distribution tax of 13.84%. If the units of the fund are sold within a year, then the tax would have to be paid as per your personal income tax slab. If the units are sold after a year, the long-term capital gain tax of 10% is levied.
Maximum investment: The maximum investment an investor can make in post office schemes is fixed in some of the schemes. Mutual fund investments, however, don’t come with such limit and an investor can invest as much as he wants.
Monthly investments: Post office schemes allow investors to accumulate money by depositing it on a monthly basis. Similarly, in mutual funds, an investor can invest via SIP. SIP investments have now become one of the best investment options as with it an investor can invest an amount as low as Rs 500. With SIP, an investor can benefit from the power of compounding and rupee-cost averaging.
Where to invest: Post office schemes or mutual funds?
If you are aged and are looking for a steady source of income, then post office schemes are a good option for you. However, if you are young and are willing to take some risk, then mutual funds are a good pick for you. However, when investing in mutual funds, keep in mind that you do so for the long run as that helps your investments overcome the effects of market volatility. When it comes to investment, all that matters is your risk appetite and your budget. For conservative investors, post office schemes are a good option, whereas for risk-taking investors mutual funds may be an apt choice.
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