Blog Page

Use Liquid Funds to Earn More than Savings Account

Use Liquid Funds to Earn More than Savings Account

Liquid funds belong to the debt category of mutual funds. They invest in very short-term market instruments like treasury bills, government securities and call money. They are getting popular with retail investors as they offer much higher returns than a savings bank account and because you can cash out in a day 1. When should …

Read More Read More

Share this :
Why an MF Investor Should Appoint a Nominee?

Why an MF Investor Should Appoint a Nominee?

Nomination facility is offered for the transfer of mutual fund units in case of the unfortunate demise of the unit holder What is nomination for mutual fund investors? Nomination is the process of appointing a person to take care of the assets in the event of the investor’s demise. A nominee can be any person …

Read More Read More

Share this :
Home loan closure checklist

Home loan closure checklist

1) Refer to the ‘list of documents to submit’ when making the application for a loan, and make sure that all the original documents are recovered. 2) Ensure that the documents are complete and received in good condition, in the presense of a bank official, before signing the acknowledgement. 3) Take an NOC from the …

Read More Read More

Share this :
Marginal Cost of Funds based Lending Rate (MCLR)

Marginal Cost of Funds based Lending Rate (MCLR)

Marginal Cost of Funds based Lending Rate (MCLR) is the new RBI guideline for commercial banks to set lending rates. It has replaced the base rate system. Marginal cost of funds is a key component in calculating MCLR. Changes in key rates like repo rate, which alter marginal cost of funds,will impact MCLR. MCLR is …

Read More Read More

Share this :
Common Account Number (CAN) for mutual funds

Common Account Number (CAN) for mutual funds

The Mutual Fund Utility (MFU) provides a common platform for investors to transact across different mutual funds using a common account number (CAN). The investor is allotted a CAN as a single reference for all investments. The investor gets the benefit of a single view of all MF investments, single payment for multiple transactions, centralized …

Read More Read More

Share this :
Tax Benefits of Health Insurance and medical expenses

Tax Benefits of Health Insurance and medical expenses

As a first step in your financial plan, you must ensure that you have adequate health insurance for self and family members. Buying health insurance will serve the purpose of protecting financial instability and give access to quality health care. Premium paid for health insurance also enjoys certain tax benefits in income tax act 1961 …

Read More Read More

Share this :