Page 335 - Personal Finance

Thematic mutual funds gain popularity; attract Rs 14,000 crore in 5 months

Thematic mutual funds category has been attracting regular inflows since June. Before that, the segment saw a net withdrawal of Rs 169 crore in May

Record visa applications processed for Indians in 2023: US Embassy

The announcement was made on the same day as US Ambassador Eric Garcetti revealed plans to bolster staff and open new consulates, including in Ahmedabad

Rs 3 lakh is the median sum insured offered by India's employers: survey

Fifty-six per cent of companies offer maternity benefits, while less than one per cent of companies offer holistic cover for people with disabilities and 60% of companies offer new age insurance

NFO alert: DSP Mutual Fund launches DSP Banking & Financial Services Fund

The New Fund Offer for DSP BFSF will open for subscription on November 20, 2023, and will close on December 4, 2023

Manufacturing tops insolvency cases, real estate a close second

The recovery rate from personal guarantors currently stands at 5.22%. This rate is anticipated to rise following the Supreme Court's recent ruling affirming the constitutionality of the IBC provisions

Now, senior citizens can enjoy high and guaranteed returns for long term

Since there are penalties for premature withdrawal, take liquidity needs into account

New rules of NPS: Should you opt for systematic lump Sum withdrawal?

In a circular dated October 27, PFRDA proposed to provide the option of phased withdrawal of the lump sum through Systematic Lump Sum Withdrawal (SLW) facility

7 key changes to Senior Citizen's Savings Scheme: All you need to know

The Senior Citizen's Savings Scheme (SCSS), designed for individuals aged 60 years or employees above 55 years of age and below 60 years of age, offers 8.2 per cent interest per annum

RBI ban on 2 Bajaj Finance e-lending products: How it impacts borrowers

Last week, the Reserve Bank of India (RBI) ordered Bajaj Finance to stop issuing new loans through its 'eCOM' and 'Insta EMI Card' due to non-compliance with the digital lending guidelines.

Weigh the risks of EB-5 citizenship route

Remember, capital invested in the EB-5 programme must be "at risk", meaning no guarantees can be provided on returns, and even the investment can be lost

Avoid mis-selling at banks, research before buying financial product

Rely on a fee-based advisor instead of bank relationship manager for investment advice

Tilt portfolio towards largecap funds to tap reasonable valuations

Consider going for a passive fund

PM Kisan scheme payout: What to do if you have not received Rs 2,000 yet

With PM Modi releasing the 15th instalment of the scheme on November 15 eligible farmers will receive Rs 2000 in their Aadhaar-linked bank accounts

GMR airports to Emami: Companies with highest pledged holdings by promoters

1.22% of promoter holdings was pledged at the end of the September quarter compared with 1.36% in the June quarter

Mis-selling trap; air purifier basics: Top personal finance stories

Our pick this week explains when you must say no to your relationship manager and what the best purifiers do

New RBI norms to make personal loans costlier: Check rates of top lenders

A hike in risk weights may lead to higher interest rates and reduced access to credit for consumers as banks adjust lending practices to meet increased capital requirements

88% of Industry leaders believe card tokenisation enhanced security: Report

RBI introduced Card-on-File Tokenisation (CoFT) in September 2021 and began implementation on October 1, 2022. So far, over 56 crore tokens have been created

8.7% Interest, 100% on-road price: Top car loan offers this festive season

100 per cent of the on-road price, flexible EMIs, no guarantor requirement and quick processing are some of the offers lenders have unveiled this Diwali to attract new car owners

Sovereign green bonds for NRIs offer credit-risk-free returns in long term

Investors should be mindful of exchange rate risk and limited liquidity in secondary market

All about car loan rates, terms and offers explained in chart

Processing fees from India's top 18 lenders and other factors