Monthly Archives: May 2020

  1. Key Things to Know about Mutual Funds

    Key Things to Know about Mutual Funds

    Mutual funds are an investment form which is very common. They can be a bit complex though. They’re also offered in a variety of variations. The sheer volume of market-only fund offers will make them a little intimidating for many investors. There are therefore some key things that can be useful to know about mutual funds before making any kind of investment.

    First, it's necessary to understand what makes a mutual fund. There are more than 7,000 mutual funds, each with a different goal and target. Others invest in shares, others in stocks, and others have a wide variety of qualifying assets. The methodologies for these funds can differ widely, from balanced to conservative, aggressive, revenue-driven and growth-oriented.

    One of the benefits of a mutual fund is that it helps you to harness the gains of a whole business sector without the need to purchase and sell specific stocks and bonds. If you purchased an S&P 500 index fund, for example, you can witness t

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  2. Why Health Insurance is necessary now?

    Why Health Insurance is necessary now?

    Throughout India, thanks to the increase in the novel COVID-19 cases both states are under lockdown. The virus belongs to a wide family of viruses that cause mild diseases such as common flu that contribute to serious illnesses such as extreme acute respiratory syndrome (SARS). Individuals have symptoms such as elevated fever, cough, and shortness of breath.  

    Currently, no vaccine prevents anyone from contracting the disease, and not getting exposed to the illness is the only way you save yourself. Specifically, health experts have recommended some of the precautionary steps to ensure the virus is healthy, below are some of them:

     * Stay at home

    * Cover your nose and ears as you sneeze and cough

    * Wear a mask forever

    * Disposal of tissues contained in closed garbage bins

    * Purify the surfaces periodically 

    There are a few health precautions that you can take to contain the infection. The Government always allows

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  3. Loan against Securities (LAS)

    Loan against Securities (LAS)

    Currently, when people are well informed about various types of loans such as personal, business, educational loans, etc., loaning against securities is still a less known option. Loan against securities scheme, also known as the LAS scheme, is a popular practice whereby an investor can pledge securities in his / her portfolio to a bank to make use of funds.
    Fast all private banks and PSUs are offering such loans. The loan shall be granted if an investor pledges his / her shares to a bank. The list of approved securities against which LAS can be granted varies from bank to bank. Banks have already started to increase the financial reserves which can be required for this alternative.

    The following securities can primarily be pledged for a loan:
    • Demat Shares
    • Mutual Funds Units
    • Fixed Maturity Plans (FMP)
    • Exchange Traded Funds (ETF)
    • Insurance Policies
    • Savings Bonds
    • Government Securities

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  4. Work from Home during covid 19

    Work from Home during covid 19

    The COVID-19 coronavirus pandemic has caused many people to operate from home. So, you can ask-how do I stay successful at home?

    Remote work in several businesses has been on the rise for years. Which offer remote work as an opportunity for workers to boost work-life balance?

    And now, millions of people around the world have increasingly begun to operate from home (WFH) owing to the COVID-19 epidemic.

    Some companies aren't pushing for WFH because they feel that without monitoring, employees cannot work. Then, they embraced a system of monitoring and micromanaging.

    That climate is more competitive for workers though? The job at school, or the workplace? Ok, it looks as though we had the opportunity to find out. The condition could continue for weeks, or perhaps longer. Nonetheless, lifestyle improvement is a fantastic chance. There's no rush to leave home and delay breakfast and you won't miss the train.

    More than 3,500 remote-tech

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  5. Gold or Gold Bond

    Gold or Gold Bond

    Are you planning to purchase gold this festive season? If yes, then you must know that you can invest in gold in various forms. These include physical gold, exchange-traded funds (ETFs), and Sovereign Gold Bonds (SGBs).

    You should make a wise decision when choosing between these options as each has specific features and drawbacks associated with it. To help you choose, here is a comparative analysis of the three gold buying options.

    1. Physical gold

    Being a tangible asset, which can be worn or displayed, one will always be emotionally attached to physical gold. Also, for an individual, it is easier to buy physical gold. You can buy it in the form of jewellery or in the form of gold biscuits and coins from jewellers. Apart from jewellers, you can buy gold coins from certain banks as well.

    Features of physical gold

    Confidentiality of possession: Unlike other forms of gold, physical gold is one of the

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  6. Benefits of EPF India Scheme

    Benefits of EPF India Scheme

    The employees’ provident fund scheme provides an array of benefits towards the EPF employee members. It inculcates a sense of financial stability and security in them.

    Below is a list of benefits that an EPF employee member can avail through the said scheme –

    Capital appreciation – PF online scheme will provide a pre-fixed interest on the deposit held with the EPF India. Additionally, rewards extended at maturity will further ensure growth in the employees’ funds and in turn, accelerate capital appreciation.

    Corpus for Retirement – Around 8.33% of an employer’s contribution is directed towards the Employee Pension Scheme. In the long run, the amount deposited in the employee provident fund will help in building a healthy retirement corpus. Such a corpus develops a sense of

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  7. How to open PPF Account Savings Benefits when you can withdraw

    How to open PPF Account Savings Benefits when you can withdraw

    Public Provident Fund or PPF scheme operated by the government provides a dynamic combination of high returns, safety, and tax-saving benefits. PPF is currently one of the best options in India if you're planning to save and invest for your retirement.

    The interest earned on PPF investment is associated with 10-year government bonds and keeps changing on a regular basis. Currently, the PPF interest rate is 8% in India. The interest is compounded annually to help investors earn high returns. PPF has the benefit of EEE (Exempt-Exempt-Exempt) tax status and also all the gains you earn until the completion of maturity is tax-free.

    Now that you have a fundamental idea of PPF account benefits; let us take a look at some critical PPF rules and how to open PPF account-

    Important PPF Rules

    PPF Account

    • Eligibility-Provident fund schemes like EPF and VPF are only available for
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  8. Covid Relief Package of Rs 20 Lakh Crore

    Covid Relief Package of Rs 20 Lakh Crore

    Finance Minister Nirmala Sitharaman second portion of the Rs 20 lakh crore Atma Nirbhar Bharat monetary alleviation bundles Thursday depends on ranchers, transient workers, and road merchants. In addition to free food grain for migrant workers to credit facilities for street vendors to concessional loans for growers, the Finance Minister not only announced new initiatives but also highlighted the steps taken by the NDA government over the last two months to support the deprived class affected by the coronavirus pandemic's economic slump.

    Here is a detailed list of the finance ministry’s planned economic relief initiatives, including the program revealed Thursday and Wednesday.
    • Rs 5,000 crore special credit facilities for almost 50 lakh market vendors with up to Rs 10,000 initial working capital.
    • Rs 3,500 crore for the distribution of food grain to migrants who are neither NFSA nor beneficiaries of state cards in the states on which they are born. Under this schem

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  9. Gold Loan

    Gold Loan

    The gold love of Indian is known to the world. They are the world's leading importers of Silver. Gold is not just the store of interest, it has also seen a decent deal of appreciation in resources over the decade. But do you realize that you will use this gold to finance your immediate cash needs, such as medical expenses, kid schooling, company development, car purchase down payment and family holidays.  If you are in a dangerous situation and urgent basis need cash, you can use the ideal gold that lies in your locker to fund the emergency cash requirement. Most banks and financial non-banking firms (NBFCs) offer gold loans. Those loans are one of the easiest and most difficult ways to get instant cash. You can get the gold loan in any shape, be it jewelry, gold coins, bars, and biscuits.


    • Faster processing: – Given that the gold loans are backed by physical gold, the bankers are usually more t
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  10. Why Social Distancing in important?

    Why Social Distancing in important?

    As the spread of COVID-19 continues, communities have been directed to reduce close contact between people. This is called as social distancing, and it's considered as an important and effective way to slow down the spread of this virus. Here's why.

    Social distancing for all families

    Because COVID-19 spreads from person to person, it is essential to reduce the number of ways through which people come in close contact with each other. Social distancing refers to staying home as much as possible and avoiding crowded, public places where close contact with others is likely to take place. This is the reason why stay at home orders are in place in so many communities and also why events are cancelled, gatherings of more than 10 people is not allowed and shops, restaurants and bars are closed. It’s also why many schools have implemented online learning. For essential trips such as grocery shopping, the CDC recommends wearing a cloth f

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