Stock Market MF News

  Have you taken an insurance policy? Have you not yet claimed if the insurance policy is over or its lapse (policy lapse)? If this is the case then there is very important news for you. Because, now if the insurance company has due policyholder due (policy due date) and it is not claimed within 10 years, then the company will deposit all the money in the government treasury. If you have also had a policy pending, then clear it in time.   The policyholder can clear the pending claim for a long time as soon as possible. If the claim does not end within 10 years, then you will not be able to claim it. After 10 years, the policyholder will have no right over that money. According to the master circular of insurance regulator IRDAI, all insurance companies in India will have to deposit their unclaimed amount after 10 years in the Senior Citizens Welfare Fund and these rules will be applicable to all insurance companies of India.   According to the information provided...

  Securities and Exchange Board of India (SEBI) has introduced a new fund category, Flexi-cap, in mutual funds. According to the circular, mutual funds in this category need to invest at least 65 per cent of the portfolio in equities. However, there is no restriction in terms of allocation to market capitalization range and they can dynamically shift across large-cap, mid-cap and small-cap. So, effectively, the new category of the fund in a mutual fund is how SEBI used to define the multi-cap category until it changed the category's mandate.   On September 11, 2020, SEBI issued a circular informing about the change in the mandate of the multi-cap fund's category. According to the new guidelines of SEBI, multi-cap funds need to allocate 25 per cent of the portfolio to each-large-cap, mid-cap and small-cap stocks, increasing the minimum equity allocation to 75 per cent. AMC has been given time until January 2021 to make the required changes in the portfolios of their multi-c...

  The cryptocurrency bitcoin is growing rapidly in investors around the world. Rich people who invest in cryptocurrencies want to increase their capital rapidly through this online currency. This is the reason that its prices are also constantly touching new heights. After 3 years, there has been a big rise in the prices of bitcoin once again. In the year 2017, bitcoin set its record high. After this, she constantly slipped downwards. But, now a new high of 3 years has been made back. People are investing in this bitcoin currency worldwide. However, the Government of India believes that it does not have any virtual currency data and hence its trading may be threatened.   Cryptocurrency bitcoin was started in the year 2009. In the first few years, bitcoin was gradually increasing. But, after the year 2015, it has seen a big boom and it has come in the eyes of the world. In many countries, trading in this virtual currency was considered legal and the price of bitcoin continu...

  Net Pix Shorts Digital Media Limited was established in the year 2019 in Mumbai. It is a technology entertainment company. They provide funding for the production of short films, web series, and regional feature films and release it on the OTT platform. The companies also support firms for the movie prints and advertisement of existing films. Net Pix Shorts IPO Details IPO Open Date November 23, 2020 IPO Close Date November 18, 2020 Issue Type Fixed Price Issue IPO Issue Size 900,000 Equity Shares of 10 rupee (aggregating up to 2.70 Cr rupee) Face Value 10rupee per equity share IPO Price 30 rupee per equity share Market Lot size 4000 Shares Min imum Order Quantity 4000 Shares Listing On BSE SME The company also has a YouTube channel named "Net Pix Shorts". It ...

  Investing in mutual funds can not only provide good returns to the consumer, but you can also take a loan on this in a bad time. Loan against mutual fund is classified as secured loans. Loans to equity or debt-based mutual funds are available to the consumer quickly. Let us discuss today digital loans taken on mutual funds.   Loan against mutual fund gets cheaper loans than personal loans. Interest rates of loan against mutual fund vary from bank to bank. Loan against mutual funds interest rate usually between 9 and 13%. State Bank of India is offering 9.75% annual loan against mutual funds interest rate on equity mutual funds and Dual Advantage Fund. This is much better than the interest rate on personal loans, which can be up to 16%.   How much loan can I take? In the case of equity-based mutual funds, banks can lend up to 50% of net asset value (NAV). Loan against mutual funds SBI provides loans up to 50% of the net asset value of equity, hybrid or ETF mutual...

  The corona epidemic has affected many businesses. Due to this many consumers are facing difficulty in repaying their loan. In such a situation, if a borrower is unable to repay the loan instalments, then not only the loan borrower but also the guarantors are facing problems due to the default of the loan. If someone is a loan guarantor in such a case, then what should he take care of to avoid problems.   What to do if you default? Once you become a guarantor it will be difficult to get out of this responsibility. The guarantee should be given to you only in the case where you are ready to bear the burden of the loan if you do not pay the original account holder. If the person taking the loan is not paying the instalments regularly and the bank is asking you to repay the loan, then you can repay the loan by talking to the borrower. The Guarantor can later recover money from the borrower under the Indian Contract Act 1872.   What to do to get out of loan guarantor...

  Bank of Maharashtra has cut the 0.15% loan interest rates. Taking a loan from Bank of Maharashtra has become cheaper now. Bank of Maharashtra has reduced the repo rate linked loan interest rate (RLLR) by 15 basis points. After this deduction, the interest rate has now come down from 7.05% to 6.90%. The new rates come into effect from November 7, 2020. Earlier, Canara Bank and Kotak Mahindra Bank have also cut interest rates this month.   Bank of Maharashtra's executive director Mr Hemant Tamta said after the deduction that this deduction has made our home loan, education loan, car loan, gold loan, and personal loan as well as MSME loan more attractive and cheap. Earlier, due to the Diwali festival season, the bank had waived processing charges on home, auto and gold loans.   Canara Bank also cut the loan interest rates, even before that the bank had cut the loan interest rates in the month of September. Bank of Maharashtra had cut MCLR by 0.10% for select period...

The number of people taking health and life insurance has increased significantly during the corona epidemic. In such a situation, if a consumer is planning to take term insurance, then it should be taken with the MWP Act. With this, the family gets the insurance cover for your family. Nobody else has the right to this money. Let us discuss the MWP Act today.   The first question is what is the MWP Act? It may also happen that the insurance amount is received by a relative or husband from where he has loaned or borrowed it. To avoid these type of situations, the male insured should take a term insurance plan under the 'Married Women's Property Act, 1874 (MWP Act). A term policy plan taken under the MWP Act 1874 is considered a trust. Only the trustees have the right over the benefit amount of the insurance policy. In the event of a death claim, the trust gets the money received from the policy, which can only be claimed by the trustee. No creditor or relative can claim it. The ...

  SEBI has paid special attention to the matter since the closure of the 6 debt scheme of Franklin Mutual Fund AMC. It has made several changes in the last month regarding debt and equity funds. Debt mutual funds scheme has been losing investors for some time. For this major reason, SEBI had to do all this. Please tell that 6 schemes of Franklin Templeton have defaulted. Due to this, around 28 thousand crore rupees of his investors were stuck. However, money has been slowly coming back since then to the investor. In view of the interests of an investors, market regulator SEBI has made some changes in the rules of mutual funds business, to reduce the risk. Also, such incidents should be stopped in future.   SEBI told the mutual funds company that they will now give a new warning in the fund product. It is fundamentally related to risk. Now, in every mutual fund scheme's risk-o-meter, a very high-risk category is also included in this. All mutual funds scheme will now be req...

  If the investor has to file a complaint about the EPF account, then it has become easier. EPFO has started the Whatsapp helpline service for the quick resolution of complaints about PF members. According to the labour ministry, this EPFO Whatsapp helpline service is for resolving the complaints of EPFO. Other instruments of EPFO include EPFIGMS portal (EPFO's online complaint resolution portal), CPGRAMS, social media platform (Facebook and Twitter) and 24-hour call centre.   According to the Labor Ministry, EPFO has started the Whatsapp based helpline-cum-complaint service to make the life of its investor more accessible. The move is aimed at the delivery of services to the shareholders during the Coronavirus epidemic.   The Whatsapp service allows EPF stakeholder members to interact directly with the EPFO's regional offices at the individual level. Now EPFO Whatsapp helpline service has started in all 138 regional offices of EPFO. Any concerned EPF member, wher...