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Source: Live Mint Mutual funds have come a long way; the numbers speak for themselves. systematic investment plans, or SIPs, have quadrupled in the last eight years, and monthly inflows in December 2024 crossed ₹26,000 crore for the first time. All the buzz around equities and markets continuously performing well has attracted new investors to…
Source: Live Mint For most Indians, succession planning for assets like government small savings schemes (SSS), provident funds, insurance policies, bank deposits, and securities feels assured through nomination. Yet, under the Indian Succession Act, 1925, and relevant personal succession laws, a nominee is deemed merely a trustee. The nominee’s legal role is limited to collecting…
Source: Live Mint Focused on managing a home loan and investing in over ten mutual fund schemes, Singh delayed signing up, opting instead for a higher in-hand salary. His decision, influenced by hopes of the old pension scheme (OPS) returning in some form, highlights the financial dilemmas faced by young government employees navigating between immediate…
Source: Live Mint Are you looking for a credit card and decided to opt for an SBI Card? If you have got an approval from the card issuer, the card will be sent to you through mail at your address. And in case you have already received the SBI card, which is blocked for security reasons, you…
Source: Live Mint If you are planning to raise a personal loan, it is important for you to know that your credit score should be high. For those who are unaware, credit score is the measure of a borrower’s creditworthiness. Lenders require personal loan applicants to have a good credit score which means the borrower is worthy of…
Source: Live Mint Q. What is the time limit for pre-existing diseases when buying a health insurance policy? Do I have to declare a decade-old hospitalisation or illness to the insurer? I declared an illness from 10 years ago, and the insurer has excluded it from the list of pre-existing diseases. Is this correct? Under…
Source: Live Mint MobiKwik, digital wallet provider, recently announced a strategic partnership with Piramal Capital & Housing Finance (Piramal Finance) to offer personal loans to its customers. As a result of this partnership, MobiKwik customers will be able to raise personal loans directly through the MobiKwik app. One can use a personal loan to meet…
Source: Live Mint RBL Bank provides credit cards offering rewards and cashbacks on your favourite brands and even on daily transactions. With credit cards, you can save on your daily expenses and spend your money smartly. However, you must understand that credit cards can be habit forming and unplanned spending can increase your financial burden…
Source: Live Mint Zerodha co-founder Nithin Kamath has highlighted the trend of rising credit card and personal loan borrowings in the country as well as the growing debt among borrowers. In a post on social media platform X, Kamath mentioned the benefits and drawbacks of borrowing. “After the pandemic, there’s been a big increase in…
Source: Live Mint In today’s financial ecosystem, using a credit card has become more of a norm than a choice. At the same time, making payments through UPI – by and large – has surpassed debit card payments by a wide margin. The value of UPI payments spiked from ₹17.15 lakh crore in Oct 2023…
