The Mutual Fund Investment Tracing and Retrieval Assistant (Mitra), launched by the Securities and Exchange Board of India (Sebi), is designed to track down inactive and unclaimed mutual fund folios, helping investors reclaim money they may have forgotten. These days, accessing mutual fund investments is as simple as logging into an online portal with a…
Prior to investing in a mutual fund scheme, investors often examine the past returns of a scheme. This gives an indication of the scheme’s future performance vis-a-vis other funds in the same category. Notably, investors are supposed to examine – besides historical returns – other factors as well. These include the reputation of the fund house,…
The Indian credit card market as of March 2025 continues to grow at a fast pace, with estimates predicting a spectacular growth in card volumes in the future. But how many credit cards do you need? Now it is a given that there is no single answer to this, it varies based on spending patterns,…
The Indian stock market has witnessed a significant decline over the past five months. The Nifty 50 has dropped by approximately 15.8%, while the BSE Sensex has corrected by around 14.9%. In the last month alone, the Nifty 50 has lost about 7.24% of its value. This decline can primarily be attributed to a combination…
National Payments Corporation of India (NPCI) has rolled out a latest circular to deal with rollout of numeric UPI ID mapper to enable UPI number. A UPI steering committee meeting was held on July 16, 2024 and multiple working group discussions for UPI numbers were held which were aimed at enhancing interoperability and user convenience in UPI…
My family has a history of intestinal cancer. Should I choose critical-illness cover or an indemnity plan? – Name withheld on request Since your family has a history of intestinal cancer, it is crucial to carefully evaluate your health insurance options to ensure comprehensive financial protection. Critical-illness plans and indemnity-based health insurance plans serve different…
The Insurance Regulatory and Development Authority of India (IRDAI) has warned general and health insurance companies against rising commission payouts, which have led to higher premiums for insurance holders, reported CNBC-TV 18, citing sources on Tuesday. The regulator has also urged firms to contain commissions to avoid strict actions in the future. Life and general…
The task of managing credit card payments proves challenging because multiple due dates exist. Both your credit score will suffer from late payment along with substantial late fees. Enabling auto-pay provides a simple solution that ensures your payments reach on time thus delivering comfort alongside automated payment functions. This article explains credit card payment automation…
No matter how carefully a person plans their loan repayments, sudden financial emergencies can still arise. Current loan borrowers who require assistance can resolve their situation through loan restructuring to restructure terms into more sustainable payment periods. Understanding loan restructuring gives debtors better debt management tools to avoid default. What is loan restructuring? The process…
In case of a sudden medical expenditure, Indians take a loan generally to bridge the gap. However, between a medical loan and a personal loan, do you opt for one over the other? Read ahead for both of them to choose wisely: Medical loans: They are meant for medical expenses Medical loans are tailored to…
