Known for his aggressive investments directly in small- and mid-cap stocks and mutual funds, Kumar is now looking for a more balanced and goal-oriented portfolio. “During the pandemic, my stock portfolio took a hit and some of them never fully recovered. I don’t want to face such a situation again while working towards my long-term … Read more
Disability Insurance:Disability in India imposes severe financial burdens, with hundreds of thousands of people facing temporary or permanent limitations annually. Recognising this urgent need for financial protection, insurance providers are introducing new solutions to address the gap, according to a PTI report. A 2018 report by the Ministry of Road Transport and Highways (MoRTH) highlighted … Read more
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Banks usually offer higher interest rates In long-term deposits, the longer the duration, the higher the interest rate. Conversely, the shorter the duration, the lower the interest rate. Furthermore, investors … Read more
A new bill proposed in Parliament has a provision that says the deposit and locker holders You may nominate up to four candidates instead of one. The bill containing this provision is Bill to reform banking legislation which was tabled in the Lok Sabha on Friday. The bill also contains provisions on new reporting dates, … Read more
Sectoral mutual funds: Are you prepared to seek high rewards with high risk? Sector mutual funds could be your best bet if you are comfortable with volatility and have a deep understanding of specific industries. These funds focus on specific sectors and offer the potential for significant gains, but be prepared for the ups and … Read more
Public sector banks such as Bank of Baroda, Canara Bank and UCO Bank have increased their marginal cost of funds lending rates (MCLR) at different tenors, which will result in higher costs for consumer borrowing. Lending rate based on the marginal cost of funds (MCLR) is the minimum lending rate below which a bank cannot … Read more
