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...
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 ins...