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Personal Finance

Edelweiss designs and manages ETFs on behalf of the government, and has so far launched ETFs through three tranches with total assets under management of over Rs 500 billion.

BHARAT Bond ETF: Check subscription period, maturity date, yield, other details

Dec 02, 2022

BHARAT Bond ETF: Edelweiss Mutual Fund said that the new Bharat Bond ETF and Bharat Bond Fund of Fund (FOF) series will mature in April 2033, and offer a yield-to-maturity of 7.50 per cent. The funds track the returns of the Nifty BHARAT Bond Index.

Digital rupee is the electronic form of cash, which will be used for buying and selling goods and services. Unlike cryptos you cannot treat it as an asset class and invest in it

How is RBI's digital rupee different from cryptocurrency?

Dec 01, 2022

Digital rupee is the electronic form of cash, which will be used for buying and selling goods and services. Unlike cryptos you cannot treat it as an asset class and invest in it

Under a normal SIP, investors cannot increase their contribution during their SIP tenure. For more investment, they have to opt for a fresh scheme.

What is Top Up SIP and how does it work? All you need to know while investing in mutual funds?

Nov 30, 2022

Investing in mutual funds: Sometimes, when investors have surplus money to invest, experts ask them to increase the SIP amount in mutual funds they are already investing in.

The retail digital currency is proposed to be distributed through two-tier model, which means RBI will distribute the digital rupee to commercial banks

Can RBI’s digital rupee replace UPI, Paytm and Google Pay?

Nov 30, 2022

While currently the focus of CBDC is on domestic use, the RBI is expected to soon start the groundwork for cross-border transactions.

IRDAI approved several proposals for allowing insurance companies to raise alternative investments

IRDAI makes 'path-breaking reforms'! Banks can now sell up to 9 insurance policies, promoters can dilute up to 26 per cent stake

Nov 26, 2022

Experts say the amendments to regulations pertaining to dilution of promoter stake up to 26 per cent and making SPV mode for PE funds optional will result in more funds flowing into the sector. 

RDs and SIPs: Both the investment tools are based on principle of regular (monthly or quarterly) investments.

RD Vs SIP: Why SIP (Systematic Investment Plan) is better than RD (Recurring Deposits)

Nov 24, 2022

In recent years, Systematic Investment Program (SIP) in Mutual Funds has become a popular mode of investment. In October 2022, the total amount collected through SIP was Rs 13,041 crore, which is highest so far in FY23.

Both LIC plans offer special rates for women and premium rates differ for non-smokers and smokers.

New Jeevan Amar and Tech Term: LIC floats two term assurance plans with fixed premiums, guaranteed returns

Nov 24, 2022

LIC new term insurance plans: As per the details provided by the company, both the plans are non-linked and non-participating plans, which means policyholders can pay fixed premiums and receive guaranteed returns.

When investors are looking to diversify their investment portfolio, bonds can be added for regular and stable income as the risks associated with it is low

What are bonds, how to invest in various bonds? Check details

Nov 23, 2022

One can invest in Government Securities through the Retail Direct scheme. Under this, investors can register for a gilt securities account -- Retail Direct Gilt. Account holders can participate in the primary issuance of CG / SG / T-bill / SGB. Besides, one can also buy the bonds by using the website NSE (National Stock Exchange) or the NSE app.

In the month of October, equity MFs saw a healthy inflow of Rs 9,390.35 crore, whereas debt funds recorded an outflow to the tune of Rs 2,817.79 crore.

Thinking about investing in mutual funds? Here are 3 best large-cap MFs you can buy

Nov 23, 2022

Large-cap mutual funds are the funds that park 80 per cent of the pool money in top 100 companies by market capitalisation. Here's a list.

With pollution levels in India coming under severe, very poor, poor, and moderate for most cities, it is critical to take all possible steps to save the environment and keep the air clean. (Photo: Reuters)

Ask Money Today: Is a PUC certificate required for claims made under auto insurance?

Nov 23, 2022

In this edition of Ask Money Today, we bring you everything about a PUC certificate, and whether you really need it.

The current daily cash withdrawal limit for PNB Bank customers is Rs 25,000, while the one-time cash withdrawal limit is Rs 20,000.

PNB debit card: Punjab National Bank to hike debit card transaction limit. Here are the details

Nov 22, 2022

PNB hike debit card transaction limit: The daily ATM cash withdrawal limit for VISA Gold Debit Cards would now go up to Rs 1 lakh from Rs 50,000, while the daily POS limit would be hiked from Rs 125,000 to Rs 300,000.

While corporate bonds are offering high returns due to the rise in yields, it is important to understand that they are riskier than fixed deposits

These corporate bonds offer up to 14% return, but come with high risks

Nov 22, 2022

While corporate bonds are offering high returns due to the rise in yields, it is important to understand that they are riskier than fixed deposits

Deepak Parekh wants financial sector to do a credit bureau encore on climate risks

Deepak Parekh wants financial sector to do a credit bureau encore on climate risks

Nov 21, 2022

Parekh, who is also the chairman of the nation's largest pure-play mortgage lender HDFC, said, "Hiding lack of data is not an excuse because the key point is that we have got to start somewhere and we are at an inflexion point on climate risk."

 Accordingly, over the last two years, debt funds have not done well as they saw the prices of their holdings going down.

Time to shift from fixed deposits to debt funds; here’s why

Nov 21, 2022

The increase in the key benchmark rate, after holding it for a long period since May 2020, has led to bond yields rising across maturities.

At present, there are different surcharge rates for an individual and corporates depending on the level of income.

What is surcharge on income tax? Here's how you can calculate it

Nov 18, 2022

The surcharge amount is calculated on the tax before adding a cess to it. It is levied to put a high tax burden on rich people. This is how you can calculate it. 

 Life certificate is an important document and is submitted annually so that the pension holders can draw their monthly pension amount without any break.

SBI Video life certificate: Here is how pension holders can submit their Jeevan Pramaan document from home

Nov 17, 2022

SBI Video life certificate: With the new facility, pensioners can now submit their life certificates via video call with an SBI official using a smartphone, or a tablet, or a laptop or PC using a web camera and headphones with stable internet connectivity.

“Frauds can happen anywhere, whether it is the listed or unlisted space. It depends on the intention of the people,” said Sebi whole-time member S K Mohanty. 

Top Sebi official lists out the oft-used modus operandi to commit financial frauds; Check details

Nov 17, 2022

There have been many instances of assets being transferred to subsidiaries, fake transactions to inflate sales and bullying of independent directors, said Securities and Exchange Board of India (Sebi) whole time member S K Mohanty while adding that the regulator is constantly updating itself in terms of technology and surveillance.

When it comes to investment and long-term savings schemes, fixed deposits are still the most popular instrument for risk-averse people.

Fixed deposit rates: ICICI Bank, Axis Bank, Bank of Baroda hike interest rates in various tenors; check FD rates here

Nov 16, 2022

Most banks have tweaked their FD interest rates after the Reserve Bank of India increased its repo rate in September. The RBI will be holding its next MPC meeting between December 5 and 7. The rate hike decision will be announced on December 7.

Start-ups like Tortoise, Hubble, and Multipl to name a few operate in the SNBL space in India and have been seeing strong traction in terms of the number of users though the overall segment is still in its infancy. 

SNBL or BNPL? That is the question! 

Nov 16, 2022

Taking the popular Buy Now Pay Later (BNPL) model head-on, a bunch of start-ups are offering Save Now Buy Later (SNBL) option wherein consumers can save for a fixed period and get discounts of 15-20 per cent on the purchase while avoiding a debt trap as well.

ICICI Prudential Life Insurance launches new product for long-term saving (Photo: Reuters)

ICICI Prudential Life Insurance launches new product for long-term saving

Nov 15, 2022

ICICI Prudential Life's Pru Sukh Samruddhi has been made available in two variants – Income and Lump sum.

If you think you may have a PED, it’s advisable to get the relevant tests done and share the results with the insurer should you get diagnosed with a disease

Ask Money Today: Can diabetes, hypertension or high BP lead to the rejection of your health insurance claim?

Nov 15, 2022

In this Ask Money Today column, Vivek Chaturvedi, CMO and Head of Direct Sales, Go Digit General Insurance walks us through the intricacies of health insurance claims.