Page 205 - Personal Finance
Explained: Sebi's new asset class and how it can benefit HNI investors
The new asset class will fill the void between mutual funds and PMS, providing investors with a viable option for investments between Rs. 10 lakh and Rs. 50 lakh.
 "Explained: Sebi's new asset class and how it can benefit HNI investors")
Unblocking inactive EPF account: What employees must do
An EPF account is deemed inoperative if there have been no contributions for 36 consecutive months
 "Unblocking inactive EPF account: What employees must do")
Explained: New rules for same-day stock settlement and impact on investors
The number of stocks eligible for T+0 settlement has been expanded from 25 to the top 500 stocks by market capitalization.
 "Explained: New rules for same-day stock settlement and impact on investors")
Spend Rs 10,000 first: ICICI Bank updates debit card lounge access rule
Starting October 1, 2024, ICICI Bank customers who spend Rs. 10,000 in the preceding calendar quarter will receive two complimentary airport lounge accesses.
 "Spend Rs 10,000 first: ICICI Bank updates debit card lounge access rule")
HDFC Bank introduces new reward point rules for certain cards from 1 Oct
HDFC Bank has implemented new reward point rules for certain credit cards effective from October 1, 2024.
 "HDFC Bank introduces new reward point rules for certain cards from 1 Oct")
Your face could be your boarding pass: India plans biometric for foreigners
Currently, the DigiYatra service is only available for domestic travellers in India at select airports
 "Your face could be your boarding pass: India plans biometric for foreigners")
Rebalance portfolio by directing SIPs towards underperforming assets
New investors who have picked funds based solely on past performance-primarily mid- and small-cap funds that have outperformed in recent times-should diversify their portfolios
 "Rebalance portfolio by directing SIPs towards underperforming assets")
Only 1 in 4 recognise heart condition symptoms: India Wellness Index 2024
Corporate employees saw a 7% drop in financial awareness, a 7% decline in influence, and a 9% drop in access to financial infrastructure, according to ICICI Lombard's India Wellness Index 2024
 "Only 1 in 4 recognise heart condition symptoms: India Wellness Index 2024")
Aditya Birla's 2-Year AAA NBFC-HFC Index Fund: Target Maturity NFO Opens
The fund's strategy is to follow a 'Buy & Hold' approach, with semi-annual rebalancing in April and October until the index matures on September 30, 2026
 "Aditya Birla's 2-Year AAA NBFC-HFC Index Fund: Target Maturity NFO Opens")
Timely car insurance renewal: Why it is crucial for every vehicle owner
Driving without valid insurance can invite heavy fines or even legal action
 "Timely car insurance renewal: Why it is crucial for every vehicle owner")
Activated 20,000 SIM cards! Uttarakhand man helped run cyber scams in China
The accused had activated over 20,000 SIM cards, which were then sold to criminals not only in India but also in countries such as China, Thailand, Cambodia, Myanmar, Vietnam, and Malaysia
 "Activated 20,000 SIM cards! Uttarakhand man helped run cyber scams in China")
Life insurance policyholders to get higher early-exit payouts from today
Unlike now, when policyholders lose the entire premium paid if they exit after year one, once the new policy kicks in, they will get a part of their premium back.
 "Life insurance policyholders to get higher early-exit payouts from today")
Small savings rates unchanged for Oct-Dec quarter: PPF gives 7.1 % interest
Rates unchanged for Public Provident Fund, Senior Citizen Savings Scheme and Sukanya Samriddhi Yojana
New Zealand hikes tourist, student, work visa fee by up to 60% starting Oct
Student visa applicants will see the biggest change, with the fee rising from NZ$300 to NZ$485
 "New Zealand hikes tourist, student, work visa fee by up to 60% starting Oct")
Singapore Airlines launches two co-branded card in India: Is it worth it?
Reward Points in the form of KrisFlyer miles can be used to book flight tickets on Singapore Airlines, Scoot airline and SIA Group entities
 "Singapore Airlines launches two co-branded card in India: Is it worth it?")
October 2024: From TDS to saving schemes, 13 changes that will impact you
From new Aadhaar card rules to updates in tax deductions, here's what you need to know about the key financial changes happening this month
 "October 2024: From TDS to saving schemes, 13 changes that will impact you")
MF Lite is here for passive funds: Sebi is making investing easier for you
The framework will feature relaxed requirements around sponsor eligibility, including net worth, track record, and profitability, as well as changes to the responsibilities of trustees.
 "MF Lite is here for passive funds: Sebi is making investing easier for you")
Holidays in Oct: Banks to remain closed for 15 days; details here
Essential financial services will be available through ATMs, mobile banking apps, bank websites
 "Holidays in Oct: Banks to remain closed for 15 days; details here")
Have higher risk appetite ? There's a new asset class option for HNIs
The new asset class, dubbed "Investment Strategies," is aimed at high-risk investors and seeks to bridge the gap between mutual funds (MFs) and portfolio management services (PMS)
US adds 250,000 new visa slots for Indians: Here's how you can benefit
Currently, at least six million Indians hold nonimmigrant visas to visit the United States, with the US Mission in India issuing thousands more each day
 "US adds 250,000 new visa slots for Indians: Here's how you can benefit")