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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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What is the Five Star Villages Scheme of Indian Postal Services?

What is the Five Star Villages Scheme of Indian Postal Services?

 


Indian postal services have started a scheme known as Five Star Villages. This will mainly help public awareness in remote villages and reach postal products and services. In particular, all postal products and services will be available and marketed and promoted at the village level under this scheme. This scheme ensures universal coverage of major postal services schemes in rural areas of the country.

 

Five Star Villages Scheme Features

 

Under the Five Star Village scheme, all postal products and services are being made available and marketed and promoted at the village level. To meet all the post office related needs of the rural public, the branch offices will act as a stop-shop. Its three components are product and service availability, product and service promotion and product and service marketing.

 

The services covered under this the scheme has been:

 

1. Savings Bank accounts, Recurrent Deposit Accounts, National Saving Certificate / Kisan Vikas Patra certificates.

 

2. Sukanya Samriddhi Account / PPF Account

 

3. Funded post office savings account linked to India postal payment bank accounts

 

4. Postal Life Insurance Policy and Rural Postal Life Insurance Policy

 

5. Pradhan Mantri Suraksha Samriddhi Yojana Account / Pradhan Mantri Jeevan Jyoti Bima Yojana Account

 

How will the rating system be decided for the village?

 

From the above list, if any village gets universal coverage for any four schemes, then that village gets four-star status. If any village completes three schemes, then that village will get three-star status etc. Under this, five Star Villages scheme, the entire Maharashtra state is going to be covered. To begin, two rural districts/areas will be identified for each region, Akola and Washim in Nagpur region, Parbhani and Hingoli in the Aurangabad region, Solapur and Pandharpur in the Pune region, Malegaon and Palghar in the Navi Mumbai region and Kolhapur and Sangli in the Goa region. During the current financial year 2020-2021, a total of 50 villages in each district will be covered. Regional Postal offices will identify the villages to be covered.

 


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