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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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IRDA's Master Circular, Insurance Company will have to submit unclaimed amount to Senior Citizen Welfare Fund

  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...
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Now insurance companies will also be able to get the consent of the policyholder through OTP

  Insurance regulator IRDA has allowed health and general insurance companies to register their prospective policy buyer's consent on the offer form through One Time Password (OTP) instead of signing it. This exemption has been given in view of the increasing impact of the COVID-19 epidemic in the country. Apart from this, IRDA has also abolished the imperative for insurance companies to send the paper documents of the policy to the policyholder. However, insurance companies will have to send a copy of the policy via electronic mode to the registered e-mail or mobile number of the policyholder and consumers will also have to send an SMS to provide information about it.   The Insurance Regulatory and Development Authority of India (IRDA) on Thursday issued a circular to all insurance companies giving information about these exemptions. In this circular, this exemption has been reported to continue till March 31, 2021.   IRDA has taken this step based on the request...
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IRDA warns people about fraud, told where to buy insurance policy

  Insurance regulator IRDA warned people about fraud and suggested people take insurance policy directly from insurance companies or registered intermediaries and agents. The Insurance Regulatory and Development Authority (IRDA) said in a public notice that calls to the common people/policyholders from unknown and wrong-doing elements keep on coming. In which they are offered a variety of breathtaking offers.   In it, they describe themselves as officers or representatives of IRDA and make attractive offers which are outside the scope of the insurance policy. The regulator said that they mislead people by naming insurance transaction department, RBI or any other government agencies.   According to the notice, 'The life insurance policy benefits are beyond the reality in what they offer. They offer unclaimed bonuses, agency commissions, a refund of the investment amount, increase amount etc. in a policy which is not valid. Some amount offered in lieu of this offer ...
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Nodal charge | Now health insurance will have to be more expensive in installments

  The Insurance Regulatory and Development Authority (IRDA) had allowed health insurance premiums to be paid in instalments. Thereafter, the insurance holders had the option of paying premium instalments monthly, quarterly or half-yearly. This was considered a major decision in the interest of insurance holders. However, it is now becoming expensive for the insurance holder. This is because insurance companies are levying 3-4 per cent nodal charge on premium payments through instalments.   Such an insurance company is charging a fee in the name of management. According to sources, IRDA has not fixed any limit on this fee. Despite this, many insurance companies are charging an additional 3 to 4 per cent from the insurance holder on premium payments in instalments. Insurance experts say that the insurance company may impose a nodal charge of 2 to 3 per cent to compensate for the expenses incurred on managing EMI and loss of investment potential. Nodal charge is levied to cov...
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Small savings schemes including PPF, Sukanya Samriddhi Yojana and Recurring Deposit will not have to pay penalty for delayed installment

Lockdown has been carried out across the country to prevent coronaviruses, causing people little difficulty in doing their daily chores. To reduce this problem, the Department of Posts has decided not to take a penalty for non-deposit of the minimum amount within the stipulated period in small saving schemes including PPF. According to the India Post website, schemes like Public Provident Fund, Recurring Deposit and Sukanya Samriddhi Yojana can now have a minimum deposit of up to June 30 without penalty. According to the India Post website, there is a default fee of 1 rupee for every 100 rupees. According to the department, "Subscribers to RD / PPF / SSY account can deposit the required amount by June 30. No penalty will be charged for this. However, if you are among those who have not yet deposited the minimum amount required, then it should be noted that penalty will not be taken for 2019-20 and April 2020. However, if you do not invest in time in May, you will ...
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