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Sunday, May 05, 2024

Category: Money

Life insurance coverage possession up considerably amongst working girls: Examine

The India Safety Quotient survey by Max Life Insurance coverage Firm has discovered males main in time period insurance coverage plan possession, and uptake amongst girls additionally witnessing a pointy enhance.

“Starting with a Safety Quotient of 35 in 2019, India has come a great distance. As per the newest version of the survey, city India showcased a optimistic motion, climbing up 8 factors on the Safety Quotient to 43 (as per IPQ 5.0) from IPQ 1.0 – signaling regular progress within the nation’s general monetary safety ranges,” in accordance with the survey carried out in partnership with Kantar.

First

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Are loans in opposition to shares and mutual funds good for buyers?

Capital markets are one of the crucial most popular funding mechanisms in India at present on account of their long-term wealth creation issue and better rates of interest than in comparison with conventional schemes. In addition they present incentives similar to dividends, bonus points, and inventory splits amongst others. They’re low cost with promising returns on each brief and long-term foundation. Certain, they’re sentiment-driven however in the long run, the capital market has been seen as a profitable instance of attaining excessive values in your funding.

In keeping with Finsire information, Indian households make investments 49.4% in property, 15.1% in

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What sort of insurance coverage cowl ought to a senior citizen purchase?

I’m a senior citizen. How a lot cowl ought to I go for the primary time? Will there be a four-year ready interval for pre-existing ailments (PEDs)? Ought to I purchase a much less sum-insured coverage to save lots of on the premium and improve it after 4 years?

—Identify withheld on request

It can assist should you purchase a sum assured equal to your final annual earnings with a minimal quantity of 10 lakh. There’s a restricted benefit to purchasing sum assured in components. In actual fact, the chance could also be that at a later stage, the

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Can my spouse purchase euros from my NRO funds?

I’m an NRI (non resident Indian) residing in Europe and having an NRO (non-resident odd) account in India in my identify. My spouse and I need to purchase euros from the funds I’ve in my NRO account once we go to India. Can my spouse additionally buy euros from the funds in my NRO account?

—Identify withheld on request

Below the trade management regulation, a person might remit outdoors India as much as $1 million per monetary yr from the NRO account topic to fee of relevant taxes in India.

Accordingly, you might buy euros from funds in your NRO

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How mutual funds strip reinvestment threat from FMPs

Kotak Mutual Fund, ICICI MF and DSP MF not too long ago launched fastened maturity plans (FMPs) which is able to put money into authorities securities (G-Secs), however there’s a twist.

These FMPs will put money into STRIPS of the G-Secs, quite than the G-Secs themselves. Here’s a take a look at what these STRIPS are all about.

Reinvestment threat

With regards to investing in bonds, rate of interest threat, credit score threat, liquidity threat, and so forth. are often what concern buyers, however there may be one threat that hardly ever will get talked about – the reinvestment threat.

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This AAA rated firm FD hikes rates of interest and now presents as much as 7.50%

ICICI Housing Finance Firm (HFC) has hiked its rates of interest on fastened deposits of lower than 2 Cr. As per the official web site of the corporate the brand new rates of interest are efficient as of third January 2023. Each cumulative and non-cumulative rate of interest choices can be found with ICICI HFC Fastened Deposits. Underneath the cumulative scheme, the corporate is now providing a most rate of interest of seven.50% and below the non-cumulative scheme, ICICI HFC is providing a most rate of interest of seven.25% for the month-to-month revenue plan, 7.30% for the quarterly revenue

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