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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...

Know who are Gig Workers, their number in India is more than 12 crores

In every business, there are some tasks that can be done by a non-permanent employee instead of a permanent employee. Companies pay employees for such work on the basis of work. In other words, the employees hired on the basis of payment for work are called Gig Workers. However, such employees are also associated with the company for a long time. Who are gig workers Employees who work independently on contract. Employees working for online platforms. Employees of the contracting firm. Employees available for work on call. Temporary employee. There is an agreement between the employee and the company working as a gig worker. Under this agreement, the employee has to work on the company's call. In return for this work, the company pays the gig worker. These employees do not get the benefit of salary and allowances etc. like the permanent employees of the company. There is no fixed time schedule for gig workers. Such workers have to be ready to work an...

US magazine Town & Country included Nita Ambani in the list of top philanthropists, praised for helping during COVID19

America's leading general-interest magazine Town & Country has included   Nita Ambani and   Reliance Foundation in its list of top philanthropists of 2020 in its summer issue. He has been bestowed with this honour for helping in combative action by preventing the coronavirus epidemic. The magazine's cover story states that Ambani has played a leading role in the Reliance Foundation's efforts to feed the poor and labourers, make financial contributions and establish the country's first COVID19 hospital. Nita Ambani is the only Indian in this list of top philanthropists. The list also includes celebrities like Tim Cook, Oprah Winfrey, Lawrence Powell Jobs, the Louder family, Dontella Versace, Michael Bloomberg, Leonardo DiCaprio. Town & Country is America's leading lifestyle magazine. It is the oldest continuously published magazine in the US. It has been published since 1846. Every year an entire issue of this magazine is devoted to the Philan...

You can invest in PPF or ELSS till June 30 to get better returns with tax saving

Due to Coronavirus, the government has extended the deadline for tax-savings investment till June 30. In such a situation, if you have not invested anywhere yet, then you can take advantage of tax exemption on investing in PPF or ELSS. If you choose the old tax system, then tax rebate of up to 1.5 lakh rupees can be taken under 80C through investment in these schemes. We are telling you about both these schemes. Highlights of PPF This scheme can be opened anywhere in the bank or post office. Apart from this, it can also be transferred to any bank or any post office. If it is opened, then it can only go from 100 rupees, but then later it is necessary to deposit 500 rupees at a time. Maximum 1.5 lakh rupees can be deposited in this account every year. This scheme is for 15 years, from which it cannot be withdrawn. But it can be extended for 5-5 years after 15 years. It cannot be closed before 15 years, but after 3 years, a loan can be taken against this account. If anyon...

Income tax department has issued new ITR forms with many changes, returns have to be filled by 30th November

The Income Tax Department has released the Income Tax Return Form (ITR Form) for the financial year 2019-20. For this, the government has also issued a notification. The last date to fill the ITR form for the financial year 2019-20 is 30 November. The department has issued 7 different forms this time. These include ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4 (Sugam), ITR-5, ITR-6, ITR-7 and ITR-V (verification) forms. The Income Tax Department had earlier withdrawn Form 1 and Form 4 to include changes in tax rules due to the COVID19 epidemic. The Income Tax Department has given information about the new forms by tweeting. Taxpayers will have a separate space in each ITR form to provide details of expenses or investments made during the quarter ended 30 th   June. Add caption Who else has to fill the ITR form? ITR 1 Form: Citizens with an income up to Rs 50 lakh can fill this form. This includes income from salary, a house and interest. ITR 2 Forms: ITR 2 F...

Former UTI CEO Leo Puri to take charge of JP Morgan India | Kalpana Morparia will retire after 12 years

Former CEO of UTI, Leo Puri will take over as chairman of foreign investment bank JP Morgan India. Kalpana Morparia, a well-known banker, will retire in the first quarter of 2021. Morparia commended the bank for the last 12 years. This change has come when the Supreme Court has ordered the attachment of JP Morgan's property in the Amrapali Group case. The bank has given information in its internal memo that Leopuri will take charge of the bank. However, Kalpana Morparia will continue in office till then. JPMorgan has said that Kalpana Morparia, chairman of South and South East Asia, appealed to retire from the company. She will remain in the bank until the first quarter of 2021. She will also continue to help the bank in South and Southeast Asia. The reason is that the company and customers are trying to balance with the new economic and work environment. Kalpana Morparia worked at ICICI Bank for 33 years before joining JPMorgan. During his tenure, ICICI Bank CEO was KV...

RBI's decision | loan moratorium period extended by 3 months, now EMI payment will be extended till August

The Reserve Bank of India (RBI) made several announcements on Friday to accelerate the sluggish economy due to the Corona transition. Giving details of the measures in a press conference, RBI Governor Shaktikanta Das said that the period of loan moratorium (deferment for repayment of a loan) is being extended by three months. The RBI governor said that the global economy has been affected badly due to the Corona infection. Due to this, the income of the common man has also been affected. In view of this, the EMI payment exemption period is being extended until August. That is, now borrowers will not have to pay EMI till 31st August. However, this facility is voluntary and if one wishes to pay EMI, he can. The RBI has barred all commercial, regional, rural, NBFC and small finance banks from recovering EMIs of all types of term loans. Postponing the payment of EMI will not affect the credit score of the common man. The RBI has stated that the moratorium period will not b...

Flight booking | Aviation companies started booking for international flights from June 15 with domestic flights: sources

A fourth lockdown has started inside the country, which will run till 31 May. Till then air travel in the country will also be closed. However, in the meantime, some airline companies have started flight bookings. Explain that all types of domestic and international flights are closed till 31 May due to the lockdown which started from 25 March within the country. The government has not issued any guidelines to start them. A source said that domestic airlines have started booking flights since June. A SpiceJet source said that the company has started booking for international flights from June 15. At the same time, sources in Indigo and Vistara said that both companies are booking for domestic flights. There have been no official comments from SpiceJet, Indigo, Vistara and GoAir to begin booking. Soon after the national lockdown was extended to May 31, aviation regulator DGCA said on Sunday that all scheduled commercial passenger flights were suspended until midnight o...