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Showing posts with the label Married Women's Property Act 1874

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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...

What is the MWP Act, which people should use this option while taking insurance?

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 ...