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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...

Taxpayers have to pay tax even after death, know what the rule of income tax law is

Although all the rules of Income Tax Act 1961 is clear, in the meantime, there are many such rules about which income taxpayers are not aware. So far more than one lakh people have died in the country during the COVID-19 period. People generally think that they do not have to file income tax returns after death. But it is not so.   As per the Income Tax Act, it is mandatory for every person whose income falls in the taxable limit in the relevant financial year, even if he has died. Let us know some important information related to this rule.   Who will pay income tax after the taxpayer's death? Under Section 159 of the Income Tax Act, 1961, if a taxpayer dies, his legal heir has to pay the tax. Therefore, if you are the legal heir, you must first contact the Income Tax Department and register yourself as the legal representative of the deceased.   Who will be the successor if there is no will? At the same time, if the taxpayer has not made a will, then accordi...

Change Some Banking Rules | Additional charge will be given for depositing and withdrawing

  At present, there are many such banking facilities which are used by almost every customer and fees are charged from the customers for this. But very few people know about it. Till then the use of SMS facility, minimum balance, ATM and cheque, the bank charges you money. But from now on you will have to pay fees for depositing your money in banks and withdrawing.   Bank of Baroda has also started this. Bank of India, PNB, Axis and Central Bank will make a decision on this soon. From next month i.e. November 1, 2020, customers will have to pay a separate fee for banking beyond the limit. It is to be noted that Bank of Baroda has set different fees for deposit and withdrawal of current account, cash credit limit and overdraft account and deposit withdrawal from a savings account. From next month, the customer will have to pay 150 rupees for loan account after three times in a month.   If you talk about a savings account, it will be free for such consumer to deposi...

LIC New Bima Bachat Plan, Policy Plan No. 916, Know Basic Details

  Government Life Insurance Company Life Insurance Corporation of India (LIC) offers a variety of insurance and investment options. LIC policies are very popular with the public. In India, one who has a LIC policy has a secure future. One such LIC policy is New Bima Bachat policy plan no. 916. It is a non-linked saving cum protection policy scheme.   Here the premium payment is made in a lump sum at the beginning of the policy plan. This is a money-back policy plan. This money-back policy scheme provides financial protection against death during the policy term. Also, there is a provision for payment of survival benefits of the policyholder in a specified period during the policy term. In addition, at maturity, the single premium is returned with a loyalty bonus (if any available). This policy scheme also takes care of the cash needs of the investor, hence the loan facility is available in it.   This policy scheme has three policy term options depending on the age...

NFO News - Mahindra Manulife Focused Equity Yojna Fund’s New Fund Offering

  Mahindra Manulife Mutual Fund has launched the Mahindra Manulife Focused Equity Yojna. This new fund offer (NFO) is open from Monday, October 26, 2020, and will close on November 9th, 2020. It is an open-ended equity mutual fund NFO that will invest in a maximum of 30 shares. All these shares will be high-quality stocks. This NFO is suitable for investors who want to see an increase in their investment over the long term. This NFO is also true for those who want to invest for the medium term and expect better risk-adjusted returns.   Ashutosh Bishnoi, MD, Mahindra Manulife Investment Management, said the Indian economy and equity markets are headed for a strong recovery, as the economy is opening up after the COVID19 lock-down and we are seeing an improvement in corporate performance in India. The Mahindra Manulife Focused Equity Yojna NFO is suitable for investors who want to invest for the medium term as well as good returns. The Focused funds have the advantage of def...

Total Number of Fund Houses in India | All Mutual Fund AMC in India

  All mutual fund company The Bank Sponsored AMC   1. The Joint Ventures AMC | Predominantly Indian   - SBI Funds Management Pvt. Ltd. - Union Asset Management Co. Pvt. Ltd. - BOI AXA Investment Managers Pvt. Ltd. - Canara Robeco Asset Management Co. Ltd.   2. Others AMC   - UTI Asset Management Co. Ltd. - Baroda Asset Management India Ltd. - IDBI Asset Management Ltd.   The Institutions AMC   1. Indian AMC   - LIC Mutual Fund Asset Management Ltd. - IIFCL Asset Management Co. Ltd.   The Private Sector AMC   1. Indian AMC   - Essel Finance AMC Ltd. - IDFC Asset Management Co. Ltd. - DSP Investment Managers Pvt. Ltd. - Edelweiss Asset Management Ltd. - Indiabulls Asset Management Co. Ltd. - ITI Asset Management Ltd. - IIFL Asset Management Ltd. - IL&FS Infra Asset Management Ltd. - L&T Investment Management Ltd. - Mahindra Asset Management Co. Pvt. Ltd. - Motilal Oswal As...

Which is better in credit and debit cards?

  Whenever he started his career with a job in a good company. In most cases, they get a debit and credit card along with opening an account with a private bank. That youth becomes happy with his financial freedom. But at the same time, when using credit and debit cards in front of him, the question arises as to which of these cards is better.   Just as it is difficult to tell who is better in day and night, it is difficult to compare credit and debit cards. As both have advantages, there are some limitations as well. In the future, the consumer comes to know about this as soon as he uses a better option in his financial transactions. The credit and debit cards are actually cash options and very powerful financial resources. The basic difference between credit and debit cards is the withdrawal of money from both cards.   The debit card is issued by the bank and is linked to the consumer's account. Here, a bank account can be current or savings. A debit card is lik...

What is the loan against property, know all about it?

  A loan against property (LAP) is a secured type of loan, which any beneficiary can pledge his commercial or residential property to the lender. There is no need to show any specific reason for taking a loan against property. Loan against property loan can be taken for the education or marriage of children or to get out of difficult financial situations.   Beneficiaries can take loans from 75 to 90 per cent of its value, depending on the current market rate of their commercial or residential property. This loan can be given for 15 to 20 years according to the convenience of the lender. LAP loans are given by banks and non-banking financial companies. The way to get a loan against property loan is also easy.   The beneficiary will only have to hand over the documents related to the source of his income to the bank so that it can be ascertained whether he can repay the loan given to the applicant. The beneficiary can also provide documents related to his other asse...