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How to change nominee in NPS online?
As of now, to change your nominee in the NPS account, you have to submit the S2 form physically to the associated Nodal Offices or POPs. To avoid such hindrance, PFRDA launched the facility to change nominee in NPS online. Let us see the process of changing the...
Asset Allocation of Multi-Cap Funds – SEBIs new categorization and Rationalization Rule
SEBI has decided to partially modify the scheme characteristics of Multi-Cap Funds to be truly considered as Multi-Cap Funds. Let us see the Asset Allocation of Multi-Cap Funds as per this new SEBI guidelines. The old definition of Multi-Cap Funds As per the SEBI...
List of Income Tax Deductions FY 2020-21 – Under New / Old Tax Regime
Due to the introduction of new tax regime in the Budget 2020, many are not confused which are the Income Tax Deductions are available for them. Let us see the complete list of Income Tax Deductions FY 2020-21 under both old or new tax regime. Tax Planning is an...
Whether Banking and PSU Debt Funds are SAFE?
Many of us during such low Bank FD interest rate regimes and risky debt funds, feel Banking and PSU Debt Funds as alternative safe debt instruments. However, let us see what are the loopholes in this category of funds. What is the definition of Banking and PSU Debt...
State Bank Of India 9.95% (SBIN-N5) Bond Call Option – What if the Bank exercised in 2021?
State Bank Of India 9.95% (SBIN-N5) Bond is currently trading at Rs.10,969 and yields to maturity are showing as 8.61% as of 28th August 2020. During the current low-interest regime, people are obviously looking for this investment as attractive. However, they are all...
Your EDUCATION is the least required eligibility for investing!
Whether highly qualified or educated individuals are better off in investing than the uneducated or not so highly qualified? Many of us think that well educated have access to more information and because of that, they are in a better position to manage their money....
Best Critical illness policy in India 2020 – Comparative Table
Which is the best critical illness policy in India in 2020? Many of us have Term Life Insurance and Health Insurance. However, we never gave importance to Critical Illness policies. Let us see the importance of having a Critical Illness policy and analyze which is the...
LIC Jeevan Akshay VII Pension Plan (857) – Features, Benefits, and Eligibility
LIC Jeevan Akshay VII Pension Plan (857) introducing it from 25th August 2020. It is the immediate pension plan. At the same time, LIC is withdrawing the immediate pension option from Jeevan Shanti (850). Considering the decreasing interest rate, it was expected from...
Reducing RISKS may create more RISKS!
We all talk about managing the risk of investment. However, sometimes risk management may create one more risk which may be bigger or uncertain. Many times reducing RISKS may create more RISKS! Reducing RISKS may create more RISKS! A few days back, I was reading the...
Rs.1 Lakh investment in HDFC Bank IPO is worth Rs.8 Crs today – But what about the journey?
Recently I came across the NOISE about HDFC Bank completion of 25 years of IPO in May 2020. Rs.1 Lakh investment in HDFC Bank IPO is worth Rs.8 Crs today. Such stories always pop up in social media and force us to invest in a dream of having Rs.8 Crore after another...
Soon Insurance Premium, School Fees and Hotel Payment under IT Scanner!
Soon your Insurance premium, school fees and hotel payments are under IT Scanner. To widen the scope of taxpayers, the Government proposed to include certain additional transactions under the IT Scanner. This is I think the best move to bring in the transparency in...
How to register LIC NEFT Mandate online to receive maturity benefits?
You may be aware that LIC started issuing maturity or survival benefits directly to your bank accounts rather than issuing the cheque. Going one step ahead, LIC recently launched the facility to register LIC NEFT Mandate online to receive your maturity or survival...