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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...

India Post Payments Bank Launches Digital Payments App Dak Pay

    The Department of Post and India Post Payments Bank (IPPB) on Tuesday, December 15, 2020, released its digital payment app Dak-Pay in a virtual way. The India Post Payments Bank has given this information in an official statement. The statement of IPPB said that this Dak Pay app has been launched as part of efforts to provide digital financial services to the last corner of the country.   The IPPB has stated that it is not just a digital payment app but it will help in digitally providing banking services made available by IPPB to various societies across the country through the postal network. Through this app, sending money to your loved ones (domestic money transfers) can be done by scanning the QR code to pay-services and merchants digitally, cashless ecosystem and utility bills through bio-metrics.   During the launch of the Dak Pay app, Union Minister Ravi Shankar Prasad said that the IPPB provided doorstep financial services during the lockdown i...

What is India Post Payments Bank and what facilities will it provide to the public?

  According to the Reserve Bank of India (RBI) data, about 60% of the people of the country are still not connected with the banking sector. This includes many people who live in rural areas of India, who have very low income and work in the unorganized sector. In order to provide financial facilities to such people, the Reserve Bank of India has started setting up payment banks in different parts of the country under the policy of financial adjustment.   Meaning of payment bank   Payment bank is a different type of bank than commercial banks in India. The Reserve Bank of India had issued guidelines on 24 November 2014 for the establishment of payment banks. Payment Bank; Meet the general banking needs of the public but with some restrictions; Like, payment banks will be able to open current and savings accounts of people but will not be able to give credit cards and loans to people. These banks will be able to deposit the money of the migrant employees and will a...