BUSINESS
These travel credit cards offer air, hotel, dining deals, & more
These cards also offer perks such as lounge access, accident cover, and more. But come at a cost.
BUSINESS
Credit card limit reduced? Here's what might have triggered it
Banks may reduce credit card limits due to various reasons, including defaults on repayment, increasing delinquencies and more. If your limit is reduced, contact your bank's customer care to understand the reason and take corrective action.
BUSINESS
RBI extends credit on UPI facility to small finance banks
RBI monetary policy: The facility allows banks to extend pre-determined loans to users based on their creditworthiness. Borrowers can use this credit line to make payments through UPI
BUSINESS
Aditya Birla Sun Life MF launches thematic fund betting on top Indian conglomerates
Aditya Birla Sun Life Conglomerate Fund will have an investible universe of more than 30 business groups.
BUSINESS
Got Rs 10 lakh to invest? Here's the best option to get the most out of this market
Flexi-cap funds, which invest a minimum of 65 percent in equities, sans restrictions on how much they can invest in large-cap, mid-cap, or small-cap stocks, are a good bet in turbulent times, says Pankaj Murarka, Founder, Renaissance Investment Manager
BUSINESS
Quant mutual funds: Decoding the math behind algorithm-driven schemes
This category of active MFS minimises the human element in decision making as far as investments are concerned. In turn, the action potentially reduces behavioural bias.
BUSINESS
SBI MF to launch quant fund based on multi-factor approach
SBI Quant Fund: A diversified multi-factor approach can help mitigate underperformance during unfavourable market conditions for a particular factor, says SBI Mutual Fund
BUSINESS
SBI Mutual Fund appoints Nand Kishore as managing director & CEO
Kishore, who was earlier deputy managing director of State Bank of India, takes over as the MD and CEO of SBI Funds Management from Shamsher Singh
BUSINESS
New India, Aditya Birla Health and IFFCO Tokio top the health insurance claim payout chart
The public sector major scored high both on claims paid in terms of number of policies as well as by amount paid. The higher the ratio, the better is the company’s track record of reimbursing hospitalisation expenses.
BUSINESS
Health Insurance Hacks: Here’s a list of dos and don’ts when buying a medical policy
Letting your agent enter key health details in your proposal form is a mistake you must avoid, as wrong or missing information can lead to claim rejection.
BUSINESS
Looking to invest in small-cap funds? Here’s what you need to bear in mind
Focus on funds with quality small-cap stocks and proven track records, and invest through the SIP route to mitigate volatility risks, suggest experts
BUSINESS
Health insurance: How ‘unreasonable’ hospital charges and undisclosed existing diseases can lead to claim rejection
Treatment charges beyond the ‘reasonable’ limits, non-disclosure of pre-existing illnesses constitute the most common grounds of friction between insurers, policyholders and hospitals. Aggrieved policyholders can escalate unresolved complaints to the insurance ombudsman offices.
BUSINESS
Unifi Capital gets SEBI's all-clear to start mutual fund operations
Unifi Capital was established in 2001 as a registered portfolio manager. The company has AUM of about Rs 27,000 crore in equity and debt
BUSINESS
Looking to book profits in bitcoin? Here’s how taxation on crypto assets work
Taxation On Cryptocurrency: Given the complexity over certain aspects of crypto taxation, investors would be better off taking a chartered accountant or tax portal’s help in filing their taxes
BUSINESS
Daava Soochak: How to check your deposit insurance claim status online
The RBI’s subsidiary, Deposit Insurance and Credit Guarantee Corporation, offers an insurance cover of up to Rs 5 lakh for retail depositors of failed banks.
BUSINESS
PM Vidyalaxmi education loans: How the new scheme can help students pursuing higher studies
Under PM Vidyalaxmi, students who secure admission in the top 860 quality higher educational institutions can avail of education loans on concessional terms, including interest subvention. The scheme will benefit over 22 lakh students every year, according to government estimates.
BUSINESS
Ayushman Bharat Vaya Vandana: Is Rs 5-lakh govt-backed health coverage good enough for senior citizens over 70?
The scheme is a boon for senior citizens, who are above 70 years and cannot afford healthcare expenses or health insurance premiums. However, those people, who rely on their trusted doctors or are used to single private rooms at a healthcare facility, among other things, will find limited value in this offering.
BUSINESS
What’s making multi-asset allocation funds tick?
Experts say adopting an all-asset class approach makes sense as we are in an era marked with high inflation & interest rates, low liquidity, high volatility and escalating geo-political issues.
BUSINESS
A guide to tackling Diwali overspending blues: How to chalk out practical debt reduction strategies
The festive fervour of Diwali may have prompted revellers to overspend. But don’t worry. There are several strategies that you can adopt to minimise your debt burden.
BUSINESS
Wedding gifts are tax-free, but be aware of capital gains tax rules, maintain records
There is no levy on wedding gifts but do bear in mind the nuances—if you have received these gifts well before or after the wedding, you need to be prepared with documents to handle queries, if any, from the income tax department.
BUSINESS
IRDAI asks insurers to strengthen cybercrime defences, proposes revisions to anti-fraud policy
The insurance regulator has also categorised as fraud the misrepresentation of policy features and dishonest 'non-disclosure of material facts'
BUSINESS
This Diwali, your investment portfolio too may need tidying up. Here are 7 clean-up tips
Investment Portfolio Cleaning Tips: A once-a-year portfolio clean-up is an essential process that helps realign investments with an investor's financial goals, says capital market experts.
BUSINESS
How EPFO pays out pension to family members of the deceased
When employees contribute to their EPF and EPS accounts through employers every month, they not only build their retirement kitty, but also create a safety net for their families in the case of their untimely demise
BUSINESS
Which small-cap funds have most cash on their hands?
The gush of inflows has forced many small-cap funds to look at ways to reduce risk in their portfolios. A way of reducing risk in a small-cap scheme is cash holding.
