Voluntary provident fund (VPF) vs Debt Mutual fund

What is a Voluntary Provident Fund?

VPF is an employee savings scheme that comes under the traditional provident fund savings scheme. However, under the VPF scheme, the contributor can decide the fixed amount for a monthly contribution. This contribution is not part of the 12% contribution by an employee towards his EPF.

Advantages

Safe option to invest: Since the Indian Government operates the scheme, the risk involved is relatively less as compared to other various schemes of investing; also it is easier and safer to invest via a VPF account.
High rate of interest: Under the VPF scheme, the VPF interest rate is usually around 8.50% p.a. for FY 21-22.
Easy to open account: It is simple and easy to open a VPF account. Employees can open a VPF account once by submitting the registration form. The current EPF account shall also act as the VPF account.
Simple transfer process: If employees change their jobs, the process of transferring from the old company account to a new one is also quite simple.
Conclusion:

The VPF account is considered one of the best options to invest for a salaried person. Employees are eligible for tax benefits of up to Rs.1.5 lakh under Section 80C of the income Tax Act, 1961. The interest that is generated from these contributions is also generally exempt from tax. However, in case of VPF interest earned on employee contribution above Rs.2.5lakh p.a over Rs.1.75 Lakh basic salary., will be taxable. Investments towards a VPF account are viable because of its efficient rate of interest and tax benefits.

What is the meaning of a Debt Mutual Fund?

A debt mutual fund is a mutual fund scheme that invests in fixed income instruments, such as Government or Corporate Bonds, corporate debt securities, and money market instruments etc. Debt funds are also referred to as Fixed Income Funds or Bond Fund.

What are the four Advantages of a Debt Mutual Fund?

High liquidity: Debt mutual fund schemes, especially liquid funds, typically have a high degree of liquidity and investors may redeem their investments faster than others.
Tax efficiency: Debt Mutual fund schemes do have long and short-term capital gains tax. However, the benefit of indexation increases after three years of holding and succeeding years.
Flexibility: Using an STP, the debt mutual fund units can be easily transferred periodically to an equity scheme or any other scheme as per investor’s choice.
Diversification of investment: While choosing debt mutual funds, ensure to verify the portfolio. Generally, it is safer to invest in Debt Mutual Fund that invest Government securities and Government-issued papers, thereby reducing portfolio risk.
Conclusion

Firstly, Debt Mutual fund schemes help reduces overall portfolio risk as they help in diversification. When equity markets fall, debt investments cushion downside risks and may bring stability to returns.

Secondly, Debt Mutual funds are a good option for your short-term investment planning. The accumulated cash could be used for short-term goals like vacations, buying a gift, etc.

What would be the trends for Augmented Reality in 2020

It is believed that in 2020, immersive technologies like AR will have more popularity as companies in large numbers across the globe will be using it purely for the purpose of expansion and consolidation. A reputed AR app development company follows the trending patterns for creating applications so that the users can communicate in an interactive way to experience their purpose.

Considering the growth prospects of AR, market experts are of the opinion that by 2023, AR-related products can grow up to 2.5 billion USD. By-products, we mean all including applications, games, smart glasses integrated with AR technology. Researchers also opine that by the end of 2020, the worth of the AR market can reach close to 75 billion USD. This will bound to create a strong impact on the growth and popularity of AR-related products.

Future of AR applications:

As per the report of Gartner, more than 100 million users have already experienced AR-based technologies in the year 2019. With the growing popularity of this immersive technology, mobile app development companies have incorporated it for developing apps that can actually provide a mixed experience of the digital and the real world.

Mobile devices equipped with high-quality visuals will make AR app development process sophisticated and is probably the prime reason for its booming future. With further advancements in AR technology, the screenless display will shortly be a reality for the users. Combining 3D visualizations and mapping capabilities with AR solutions navigation based on situational awareness will be made possible easily.

To know more about the prospective impact of AR in the near future let us go through some of its promising trends:

1. Mobile app development: Using AR technology mobile apps have become more engaging for the users. Features like predictable tracking, 3D detection, etc have made mobile applications all the more interactive for the users and as well as for the entrepreneurs. For example, using AR technology you can develop learning and training apps that are effective for both students and professionals. The learning or the educational content is created in an impressive way using audio-visual aids so that understanding concepts and picking up new skills become pretty easy and convenient.

2. Game development: Games have always been a prime source of entertainment for people of all ages across the globe. Now with the advent of Augmented Reality, mobile games have become highly entertaining for both avid and casual gamers. With advanced graphics and interactive controlling options, AR games are capable of attracting players for repeated gaming sessions. Moreover, this technology has also enhanced the look and feel of the games by designing intuitive UI. Distinctive UX has made AR games highly popular owing to the dynamic content and alluring gameplay.

3. Natural experiences can be availed: Mobile app users all over the world are eager in experiencing gesture recognition as an advanced service. With AR this has been made possible along with Gaze detection which if applied in the actual environment can yield loads of benefits. The tracking abilities have taken AR technology to the next level to engross users in undergoing an innovative experience.

4. Artificial Intelligence: AR, when blended with AI, can help drivers to have a view of the nearby vehicles either through camera footages or by voice prompts. In this way, accidents can be minimized and driving will become more safe and secured.

An app development company with AR expertise can provide personalized solutions that can help both business owners and users to meet the desired aims and objectives. Some of the trends of AR that will become highly popular in the coming time have been discussed in the above sections.

Conclusion: AR an immersive technology has been gaining tremendous popularity owing to its captivating prospects in the domain of app and game development. Right from its ability to attract and engage users/gamers to streamlining various business activities, AR is capable of doing all with ease and convenience.

Extensive Benefits of Electronic Health Records in Healthcare Industry!

Using Electronic Health Records (EHRs), all the history of patient’s medical data can be recorded and stored appropriately in a centralized system. In olden days and even now in some healthcare organizations health records of the patients are saved on paper. However, technical advancements have changed this scenario and the health records can be saved in digital formats.

EHRs are one of the most important products of healthcare IT services due to the immense benefits they offer. EHRs focus on the complete health of the patients. They allow hassle-free tracking of massive data of hundreds of patients that enters the healthcare organizations every single day. Documents like patient forms, their test reports, prescriptions or any other related documents can be maintained well. EHRs also allow sharing of this information with other healthcare bodies like laboratories, pharmacies or other branches of the hospitals. This enhances the quality of medical services and care provided to the patients.

Healthcare organizations like hospitals, clinics and even individual medical practices have been taking advantage of EHRs in several ways. They are very useful not only to the practitioners but also to the patients. In this article, we have highlighted the significant benefits of EHRs.

Top advantages of Electronic Health Records

Keeping a record of up-to-date and accurate data about the patients in digital format
Ensuring fast access to the medical data of patients for efficient and coordinated care
Sharing the electronic medical data in a safe and secure manner with patients or other hospital staff
Helping proper documentation of all the patient data
Decreasing paperwork and setting the hospital staff free for other important tasks
Enabling more effective diagnosis of patients with reduced medical errors and safer operations; thus improving the health of patients
Boosting interaction and communication between patients and care providers
Ensuring that the patient data remains safe and secure
Enabling the patients to review their medical history, take necessary precautions and be alert about their treatments.
Helping the care providers to enhance their productivity and efficiency while meeting their business goals
Integrating patient data from different resources for better clinical decision-making
There are many ways Electronic Health Records are improving the functioning of medical facilities. They ensure that the processes become faster because the entries are not done manually. EHRs increase transparency so that doctors can immediately access previous health issues of the patients and provide better treatment.

Providing remote treatments is possible with EHRs as they can be easily paired with the healthcare management system or health apps or smartphones. It forms a powerful connection and important patient data can be accessed from anywhere. As a result, doctors can follow-up with patients and keep in touch. This facility is extremely helpful in case of an emergency. One more benefit that EHRs provide is improving inventory management of drugs. Recording the data alerts of the concerned person for increasing the drug supply in a timely manner.

The bottom line:

Investing in an EHR system can be a highly beneficial decision for any medical organization. Making the transition from paper-based processes to Electronic Health Records has already transformed many organizations. It also provides a competitive advantage to a hospital. Not only small or large hospitals but even insurance companies, government hospitals, etc. have started adopting and implementing EHRs.

Biz4Solutions is a leading provider of healthcare IT services. We have developed cutting-edge mobile apps and other software solutions for various healthcare organizations across the globe. If you are willing to deliver value to your patients, we can help you with our healthcare software solutions like Electronic Medical Records, Electronic Health Records, Patient Scheduler System, Healthcare Management System, mHealth Apps, etc. We have developed outstanding apps like Phlex65, ReadyOpScan, HMS, etc.