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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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These 10 benefits of Jan Dhan account, which you need to know

These 10 benefits of Jan Dhan account, which you need to know

 


Six years of Pradhan Mantri Jan Dhan Yojana (PMJDY) is completed. About 3.6 crore Jan Dhan accounts were opened in the last one year and the total number of Jan Dhan accounts was more than 40.35 crore as on 19 August 2020. Of these, 34.81 crore accounts were in working condition. According to the Finance Ministry, the average deposit per account is 3,239, more than 2.5 times since August 2015. Let's know what you can benefit from Jan Dhan account.

 

1. Jan Dhan account is opened absolutely free and no minimum balance is required to be kept in it.

 

2. Overdraft facility is available 6 months after opening the account in Jan Dhan account. The overdraft limit is Rs 10,000. Overdraft facility up to Rs 2,000 unconditionally in Jan Dhan account has been given from the beginning.

 

3. The RuPay debit card is given to the person opening the Jan Dhan account, from which he can withdraw money from the account or make purchases.

 

4. Free contingency insurance cover has been given on RuPay card for Jan Dhan accounts opened after 28 August 2018.

 

5. Accidental insurance cover up to Rs 2 lakh is available in Jan Dhan account. Life covers up to Rs 30,000, which is available on the eligibility conditions on the death of the beneficiary. It is easy to buy insurance, pension products through Jan Dhan account.

 

6. Money transfer is offered in any bank across the country.

 

7. The money directly comes from the benefits of government schemes in the Jan Dhan account.

 

8. Interest is also available on deposits in Jan Dhan account.

 

9. Free mobile banking facility is also provided with Jan Dhan account.

 

10. If there is a Jan Dhan account, then accounts will be opened for pension in schemes like PM Kisan and Shramayogi Maandhan.


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