BUSINESS
SEBI working with mutual funds to make Rs 250 SIPs viable: Madhabi Puri Buch
Buch’s statement has come at a time when Indian mutual fund industry’s total assets under management is nearing Rs 50 trillion landmark
BUSINESS
How to use Moneycontrol-SecureNow Health Insurance Ratings
Moneycontrol-SecureNow Health Insurance Ratings help you identify the best-rated health insurance products in the market according to price, products, features and claim settlement record
BUSINESS
Moneycontrol-SecureNow Health Insurance Ratings: Know the methodology
Moneycontrol-SecureNow Health Insurance Ratings is a new tool that helps readers choose the best health insurance policy, depending on their age, budget and requirements. It sifts through almost 1,000 health insurance policies to rate and rank them based on pricing, features, and the fine print
BUSINESS
Moneycontrol-SecureNow Health Insurance Ratings: How to pick the health insurance policy that really matters
A personal health insurance policy is a must in everyone’s portfolio because employer-provided cover is temporary – at its maximum, the policy is only valid till you retire or quit.
BUSINESS
AMFI asks mutual funds to display only 10-year CAGR return in advertisements
The directive comes after a SEBI observation that AMCs are advertising products with information about financial information, including returns, that could mislead the investors
BUSINESS
Invest in FDs through Moneycontrol and earn up to 8.5 % p.a.
Utkarsh Small Finance Bank offers the highest interest rates on FDs, at 8.5 percent p.a. for a two to three year tenure. Among NBFCs, Bajaj Finance offers interest rates of 8.35 percent p.a. for a tenure of three years and eight months. Senior citizens earn up to 0.25-0.6 percent more on deposits.
BUSINESS
Invest in FDs without a bank account, through Moneycontrol
Know the steps to open an FD account, or make a premature withdrawal entirely online. You can also diversify your FD portfolio across multiple banks.
BUSINESS
Diversify your fixed investments with Moneycontrol platform
Mitigate risks and meet liquidity needs by spreading your investments across multiple banks, diversifying tenures, exploring different interest payout options, and implementing a laddering strategy.
BUSINESS
Moneycontrol MF Summit: Dream goal - MF industry charts plans for 5-fold jump to 20 crore investors
At the Moneycontrol Mutual Fund Summit held on October 11, the CEOs of mutual fund houses dwelt on factors that could provide a boost to the growth journey of the sector.
BUSINESS
Mirae Asset Mutual Fund raises SIP limits for Mirae Asset Emerging Bluechip Fund
The increased limit of Rs 25,000 per month per PAN will be effective from October 10, 2023.
BUSINESS
Technology could help pay claims automatically in future: IRDAI chairman
AI algorithms combined with machine learning models and predictive analysis will be leveraged to make underwriting an essential process in the insurance industry, IRDAI chief Debasis Panda said.
BUSINESS
Quantum Mutual Fund files for multi-asset allocation scheme
The fund house already has Quantum Multi Asset Allocation Fund of Funds which has AUM of Rs 53 crore and invests in various schemes of Quantum mutual fund that feeds into gold, bond and equity funds.
BUSINESS
MC Explains: How to get your capital gains statement for MF investments
The capital gains statement does not mention the tax you need to pay. It simply shows the gains booked. You need to account for capital gains booked elsewhere and opt for a set-off, if applicable, and then compute your tax liability.
BUSINESS
Tata Small Cap Fund to stop accepting lump sum investments from July 1
The fund will accept money through systematic investment plans (SIPs) and systematic transfer plans (STPs). Existing SIPs and STPs will not be affected by this announcement.
BUSINESS
Aditya Birla Sun Life Insurance rolls out guaranteed pension plan Nishchit
The pension plan is a non-linked, non-participating policy aimed at policyholders looking for guaranteed returns to build their retirement kitty
BUSINESS
LIC Mutual Fund set to acquire schemes of IDBI Mutual Fund
As per the scheme of arrangement, LICMF will manage, operate, and administer all of IDBIMF’s schemes. IDBIMF's unitholders have been offered the option to exit their investments without paying an exit load.
BUSINESS
Sovereign Gold Bond 2023-2024 Series I opens today: Should you invest?
Sovereign Gold Bond can be a good option for those looking to invest in the precious metal through a financial vehicle for the long term. For investors keen to hold on till maturity, the gains, if any, are tax-free.
BUSINESS
Strengthening grievance redressal framework a work in progress: IRDAI chief
IRDAI Chairman Debasish Panda reiterated that the regulatory body will focus on ensuring efficient capital utilisation by the industry by ushering in the risk-based capital (RBC) regime, and also eventually move towards the adoption of International Financial Reporting Standards (IFRS).
BUSINESS
MC Explains: Why long-term home loans are not necessarily bad
Long-term home loans give some amount of flexibility to the borrowers in terms of cash flow management and help in achieving other goals. However, borrowers should have a plan in place to pay off their home loans well before time.
BUSINESS
HDFC Defence Fund to stop lumpsum investments and new STPs, restricts SIPs to Rs 10,000
The fund house has decided to limit its inflows due to a limited number of defence sector stocks.
BUSINESS
MC explains: Why smaller FDs work better than one large FD
Having multiple FDs lets you diversify across institutions, benefit from higher rates in some of them, and meet financial emergencies comfortably.
BUSINESS
Higher pension: EPFO field officers get 20 days to complete assessment of joint applications
The deadline for employees to file their joint applications to claim pension on their actual, instead of statutory salary, is June 26.
BUSINESS
Planning to look at MF stock picks last month and play copy cat? Here’s why you shouldn’t
Many investors pore over the monthly portfolios of funds and look to buy stocks purchased by fund managers the previous month, hoping to earn quick returns. But that may not be a wise strategy. Read on to find out exactly why.
BUSINESS
Future Generali India launches health insurance policy with multiple optional covers
Eight out ten customers looking for customisation are willing to pay for additional premium, private general insurer Future Generali’s study showed
