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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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Now buy gold from Amazon Pay for just five rupees

  If you want to buy gold and are killing your mind due to high prices, then you do not need to do so now. Amazon Pay, a financial services company of leading e-commerce company Amazon India has introduced a special facility for its users, allowing you to invest in gold. Customers can also buy digital gold for just five rupees on Amazon Pay. This digital gold investment facility is named Gold Vault.   Amazon Pay has partnered with SafeGold for this feature. SafeGold offers 24 carat gold of 995 (99.5 per cent) purity. With this offer, Amazon customers will have the freedom to buy and sell gold at any time without any hassle of renting a locker with competitive pricing and security. Amazon has launched its digital gold investment feature 'Gold Vault'. Users can buy digital gold of at least five rupees under Gold Vault.   Many digital payment platforms including Phone-Pay,   Paytm, Google-Pay, Mobikwik, Freecharge is also offering Digital Gold to customers. On m...
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Users sue Donald Trump over WeChat ban

  US users have come out against the decision to ban multipurpose messaging app WeChat owned by the Chinese company Tencent Holding. America's non-profit organization WeChat Users' Alliance has filed a lawsuit against US President Donald Trump. The lawsuit has been filed for issuing an executive order to ban WeChat.   On August 21, the WeChat Users Alliance filed a complaint in San Francisco court against the banning of the messaging app. The Alliance says President Trump's Executive Order, Freedom of Speech, Freedom of Exercise of Religion and violation of legal rights. In the petition, WeChat users have said that they use this messaging app to keep in touch with work, and their relatives living in China. The Alliance has sought a stay on the executive order by the court. This alliance of users has no relation with WeChat's parent company Tencent Holding. US President Donald Trump signed two executive orders on 6 August. Through these executive orders, the Trump ad...
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ICICI Lombard will acquire Bharti AXA General Insurance

  ICICI Lombard General Insurance Company Limited and Bharti AXA General Insurance Company Limited have announced on Saturday that they are bringing their insurance business together through a share swap deal, the entity that will become the third highest in the country after the deal. Large insurance unit will be formed. Arrangements with Bharti AXA General Insurance Company have been approved after the board meetings on Friday. ICICI Lombard will acquire Bharti AXA General Insurance as part of the arrangement.   The proposed Rs 4,500 crore deal would make ICICI Lombard General Insurance the third-largest company in the general insurance or non-life insurance sector. Bharti Enterprises currently holds a 51 per cent stake in Bharti AXA General Insurance. The remaining 49 per cent is held by French insurance company AXA.   ICICI Lombard and Bharti AXA General Insurance said in a joint statement that under the deal, shareholders of Bharti AXA General Insurance will ...
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LIC | Preparation of largest IPO

  The IPO of Life Insurance Corporation of India (LIC), the largest life insurance company in the country, is likely to come in this financial year. It is the largest IPO in the country. Also, in the near time, only the possibility of Jio or Reliance Retail as such a big IPO is visible. In such a situation, all eyes are on this IPO. Its market capitalization can overtake companies like Reliance Industries, HDFC Bank, TCS. Based on its current asset under management and business premium, its valuation will be more than Rs 8-10 lakh crore. LIC has a market share of 75 per cent in terms of policy with assets of Rs 31 lakh crore. It has a 66 per cent stake in First Year Premium. LIC is also India's largest institutional investor company. After the listing, LIC will be the most valuable listed company in the country. It will also attract foreign investors.   The annual report of LIC shows that its total premium in the calendar year 2019 has been Rs 3 lakh 79 thousand 400 crores...
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Yes bank wants to exit mutual fund business

  Private sector Yes Bank mutual funds will exit the business. The bank said on Friday that it would sell its stake in asset management and trustee subsidiaries. In a communication sent to the stock markets, the bank said that on August 21, it had acquired 100 per cent stake in Yes Bank Asset Management (India) Limited and Yes Trustee Limited, GPL. Finance and Investments Limited has a firm agreement to sell. Both are wholly owned subsidiaries of Yes Bank.   Yes Bank said that White Oak Investment Pvt Ltd holds a 99 per cent stake in the acquiring company, but ultimately the beneficiary of the buyer company is Prashant Khemka, who owns White Oak Investment Management Pvt Ltd. Holds 99.99 per cent stake. The bank said that necessary approvals from regulatory authorities are yet to be obtained for the deal.   YesAMC is an asset management company of Yes Mutual Fund. YTL is a trustee of Yes Mutual Fund. Yes Bank said that after the completion of the deal, the subsidi...
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Pension is a fundamental right, it is unacceptable to deprive anyone | Mumbai High Court

  The Nagpur Bench of the Mumbai High Court held that pension is a fundamental right. A bench of Justices Ravi Deshpande and NB Suryavanshi, while hearing the petition of resident Naini Gopal said that denial of pension to any person is unacceptable. In fact, 85-year-old Naini Gopal retired from the Ordnance Factory in 1994 as an assistant foreman. He had complained over the action of the Centralized Pension Processing Center of the State Bank of India (SBI). He said that the monthly amount of his pension is Rs 11,400, but out of this, Rs 782 was being deducted every month. A total of Rs 3,69,035 has been deducted so far. Therefore, he filed a petition for its recovery.   In the case, the bank said that Rs 782 was being deducted from their pension since 2007 due to technical fault. The bank stated that the pension of the petitioner was fixed and hence he was treated as an employee below officer rank and not a civil pensioner. At the same time, the Reserve Bank of India (RB...
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These five income options other than FD are good for senior citizens

  Bank fixed deposits are the preferred investment option for many people. However, senior citizens mostly depend on interest income for their expenses. However, recently a difficult phase is going on as the interest rate on fixed deposits has come down drastically. The economy is unlikely to recover soon from Corona, so seniors need to rethink their portfolios. In this news, we will tell you about four investment options where senior citizens can get high returns on investment given the current situation.   Senior Citizen Savings Scheme (SCSS): A maximum of Rs 15 lakhs can be invested in SCSS in multiples of Rs 1,000. The interest in this scheme is payable every quarter, so it can be used as regular income. The SCSS account matures in five years, after which one can extend it for a block of three years. Despite the large reduction in the interest rates of small savings schemes, SCSS was paying 7.45% for the April-June quarter, which is much higher than any other fixed-re...
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