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LIC policyholders can deposit maturity claim documents anywhere in India
LIC policyholders can deposit maturity claims documents at any of its 113 divisional officials, 2,048 branches, 1,526 satellite offices, and 74 customer zones, notwithstanding the service branch of the policy
Mutual funds offer 'near-zero' credit risk debt schemes; who should invest?
These debt index funds will broadly invest in government securities, State Development Loans (SDLs), AAA rated PSU bonds and treasury bills. Currently, Edelweiss Mutual Fund, Nippon AMC and IDFC Mutual Fund have launched their passive debt funds
Ask Money Today: NRO vs NRE accounts - which one to choose for stock market investment?
If an NRI has an income of any source from India, then NRO account will be advisable; If they have income only from outside India and want to remit in India, then NRE account is advisable
Ask Money Today: which are the best mutual funds to invest Rs 2,000 per month?
Investing through a systematic investment plan or SIP is the best way to create wealth through equity mutual funds
1600% jump in LIC's ULIP premium in a year
The insurance behemoth had launched three ULIP products in February and March 2020 -- Systematic Investment Insurance Product (SIIP), Nivesh Plus and Endowment Plus
Rakesh Jhunjhunwala-backed Rs 582 crore Nazara IPO opens on March 17; issue price at Rs 1,101
Among major shareholders, Mitter Infotech LLP holds 20.57 per cent stake in the company, followed by Arpit Khandelwal (12.51 per cent) and Rakesh Jhunjhunwala (11.38 per cent), as per the RHP filed on January 14, 2021 with the market regulator Sebi
Finance Ministry asks Sebi to withdraw new rules on perpetual bonds
FinMin's letter stated that the change will lead to large NAV swings as the mutual funds will look to sell these bonds anticipating redemptions by investors. This in turn could create a panic in the debt market
Microfinance sector's gross loan portfolio jumps 6.4% to Rs 2.27 lakh crore till Dec 2020
Disbursements continued to grow in Q3 FY2020-21, with the resumption of near normalcy in business operations across the country, a quarterly report by CRIF High Mark said
SEBI's new debt investment rules to make mutual funds safer
Debt funds do become safer as there is lower concentration risk with issuer level cap in place. Also, the closed ended funds not being able to invest in perpetual bonds is a step in the right direction
Ask Money Today: Term plan vs home loan insurance - which one to choose?
When you invest in a term insurance plan, your intention would be to leave a sufficient amount of money for your family in case you die before you fulfil all your financial obligations