Diversified portfolio will deliver better returns as markets shift away from polarisation: Sunil Subramaniam

Investors will be spoilt for choice and they must not lose sight of, 1. Laying down financial goals and appropriate financial plans and then decide on asset allocation.

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Paytm clocked 1.2 billion transactions across platforms in February

Paytm, operated by Vijay Shekhar Sharma’s One97 Communications, consistently reports third-highest UPI transaction volumes behind PhonePe and Google Pay.

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Rise in the number of women investors since pandemic began: Elearnmarkets

The stock market is largely male dominated, but now women investors are gradually moving towards financial independence and promoting equal representation in this field.

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Automatics find more buyers in used car market

The demand for automatic is split 50:50 between metro and non-metro markets. Cities like Jaipur, Indore, Coimbatore, Mangalore and Ahmedabad and Warangal are big automatic transmission markets alongside Delhi-NCR, Chennai, Bengaluru, Pune, Mumbai and Hyderabad.

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Invesco Mutual Fund launches Invesco India ESG Equity Fund

Invesco Mutual Fund has announced the launch of its new fund Invesco India ESG Equity Fund, an open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme.

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Private health insurers offering 80-100% discounts on renewal premia

Most health insurance provides no-claim bonus for claim-free years but that usually ranges from 25 per cent to 50 per cent.

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Survey finds insurance as most preferred financial product to protect family post-Covid

The survey found that most consumers would like to buy life insurance in the next six months as part of their investment plans.

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How gold, silver and platinum performed during the week ending February 25, 2021

During the week ending on February 25, 2021, gold remained flat during past week after falling by Rs 1,000per gram, however, prices of supply crossed the Rs 70,000 mark once again.

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Aditya Birla Insurance launches new health policy

The offering is a new version of its existing Activ Health policy that provides a comprehensive health protection with extensive wellness benefits, the company said in a statement on Friday.

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Government extends deadline for filing declarations under VsV scheme till Mar 31, payment till Apr 30

As many as 1,25,144 cases have so far opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora.

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Irdai asks health, general insurers to provide standard personal accident cover from April

"With the objective of having a standard product with common coverage and policy wordings across the industry, the authority has decided to mandate all general and health insurers to offer the standard personal accident insurance product," Irdai said.

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Sundaram Mutual completes 25 years in the mutual fund industry

Sundaram Asset Management Co. Ltd. - the asset manager for the schemes of Sundaram Mutual completes 25 years as a corporate entity today.

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No check-in bag? Prepare to fly cheap on domestic flights once fare bands go

The order issued by DGCA chief Arun Kumar on Thursday has asked airlines to ensure that the charges for passengers who buy light fares and then turn up with airport with check-in bag are “reasonable”.

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Sebi to soon issue guidelines related to environmental, social and corporate governance space: Tyagi

Regulator Sebi is in "active discussions" with various stakeholders to bring in greater granularity in disclosures by listed companies in environmental, social and corporate governance (ESG) space and would soon issue relevant guidelines, Sebi Chairman Ajay Tyagi said on Thursday.

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IRDAI issues guidelines for standard personal accident cover

The standardized product set to go live from April 1 has been named “Saral Suraksha Bima.” The minimum sum assured has been set as Rs 2.5 lakh.

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RBI rejects demand of online merchants to store customers' credit card data

"The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do not have any locus standi as these norms pertain to payment aggregators and gateways," said an official in the know.

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Home loan demand for mid, high-range properties on the rise: Magicbricks

A recently conducted consumer poll by Magicbricks revealed that nearly 38% consumers are looking to avail a home loan ranging between Rs 30 lakh – Rs 1 crore indicating the demand revival towards mid and high range homes.

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IN A SPOT: NSE shuts trading for about 4 hours over technical glitch

The Securities and Exchange Board of India (Sebi) has asked NSE to carry out a "detailed root cause analysis" of the stoppage and explain why trading didn’t migrate to the disaster recovery site.

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Indian retail investors dabble in stocks directly, ditching mutual funds

Domestic investors have withdrawn 275 billion rupees ($3.80 billion) from equity mutual funds in the year to Feb. 16, according data from the Securities and Exchange Board of India (SEBI), after dumping a total of 545 billion rupees in 2020.

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Home loan demand rising in mid, high-range segments

A total of around 46 per cent of the consumer preference is now in the range of Rs 30 lakh-Rs 1 crore and above category, with most of the demand being generated from the key residential markets of Bengaluru, Hyderabad and Delhi.

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Depolarisation, rise in corporate earnings work well for DSP Equal Nifty 50 Fund

Over the last one year, the fund has delivered 28% compared to the Nifty s 22%. It has gained 112% from its lows of March 23, compared to the Nifty's 91.5%.

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Scoop: Amazon-ICICI Bank-Axis Bank ready with NUE plan to rival UPI

Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a 'New Umbrella Entity' (NUE) that will build a UPI-like settlement system in India's digital payments space.

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ESIC eases conditions for women to avail sickness benefit, decides to set up more health facilities

The ESIC on Monday decided to give relaxation in contributory conditions to avail sickness benefit to the insured women availing maternity benefit.

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Higher PF outgo may blunt salary hikes

Salary hikes this year may not translate into higher cash-in-hand for employees if organisations choose to pay more in provident fund (PF) contributions due to the new definition of wages proposed by the government, showed a study.

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Inactive Mobikwik users face maintenance charge

E-wallet Mobikwik is going to charge consumers anywhere between Rs 100 and Rs 140 as “wallet maintenance charge” from inactive users, a first in the Indian market.

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UTI Mutual Fund launches WhatsApp chat service for investors

UTI Mutual Fund has launched an advanced WhatsApp chat service (+91-7208081230) to improve investor engagement and communication.

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DSP Mutual’s Vinit Sambre finds value in these 3 sectors among smallcaps

Domestic cyclical sectors are likely to perform given the Budget announcements and how supportive the government is being on the private sector with a manufacturing focus.

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SBI joins JPMorgan's blockchain-based payment network

The tie up is expected to reduce SBI customers’ transaction costs and time taken for payments, sources said. Time taken to resolve cross-border payments-related inquiries can be reduced to a few hours from up to a fortnight, they said. This will help cross-border payments reach beneficiaries faster and using limited steps.

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Muthoot Homefin plans to disburse Rs 700 cr home loans in FY22

The company has transferred over Rs 300 crore of loan subsidy under Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme from National Housing Bank (NHB), the release said.

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UTI Nifty 200 Momentum 30 for investors eyeing a low cost quant strategy

Investors looking for a relatively low-cost fund based on quantitative strategies could consider the New Fund Offer (NFO) of UTI Nifty 200 Momentum 30 Fund.

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Health, fire drive growth for insurers in January even as motor, crop suffer

Non-life insurance premium reached Rs 18488.1 crore for the month against Rs 17333.7 crore January of 2020. At 2.8% the Gross Direct Premium (GDPI) growth has been much slower for the year-to-date (YTD) period for FY21, as per data released by the General Insurance Council.

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How gold, silver, platinum performed during the week ending February 18, 2021

Economic recovery hopes are pushing the US dollar up which in turn has pulled down gold by 3.19% during the last week. Silver remained stable and inched up by 0.64% during the last week because of its industrial use.

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RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-operative Bank; fresh loans, deposits restricted

It has also asked the lender to desist from disbursing any payment whether in discharge of its liabilities or otherwise, or dispose of any of its assets except as notified in the RBI direction.

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Supreme Court says banks must inform locker holders in writing before breaking them open

Breaking open a locker without following the legal procedure would be construed as gross negligence on the part of the bank, a top court bench said. The bench, which included Justices Mohan M. Shatanagoudar and Vineet Saran, asked the RBI to frame uniform rules for all banks regarding locker management within 6 months.

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LIC Housing Finance disburses Rs 1,331 crore of loans via mobile app

It said the 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. More than 7,300 of these customers have had their home loans sanctioned. Of these, loans were disbursed to 6,884 customers amounting to Rs 1,331 crore so far.

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Banks eye bigger home loan pie as housing finance companies face challenges

Lenders led by State Bank of India (SBI) and ICICI Bank have increased focus on home loans especially to salaried individuals as easy liquidity, secured collateral and lower real estate prices have made this segment a good business opportunity.

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Large or small caps? If it is a tough choice for you, rest easy with FoFs

The fund of funds route to invest in mutual funds, which helps in automatic asset allocation, is one of the best ways to optimise returns and minimise risks, say experts

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RBI tightens payments security norms for banks, digital payment operators

“The Master Direction provides necessary guidelines…to set up a robust governance structure and implement common minimum standards of security controls for digital payment products and services,” the central bank said in a circular.

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Education loan demand hits new high despite pandemic

Education loan companies – which include banks and non-bank lenders - have disbursed Rs 11,000 crore loans in the 12 months through September 2020, according to data from CRIF High Mark, a credit bureau.

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92% companies to give salary hikes; increments to jump to 7.3% from 4.4% in 2020: Survey

Of the companies that did not give an increment in 2020, only about 30% plan to compensate employees for the previous year through higher increments and/or bonuses.

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Reserve Bank of India issues directions for housing finance companies

The central bank said these directions, which shall come into force with an immediate effect, are aimed at preventing the affairs of any HFCs from being conducted in a manner detrimental to the interest of investors and depositors.

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ICICI Lombard partners with Flipkart to offer 'Hospicash' benefit to consumers

Compared to the standard indemnity health insurance policies, Group SafeGuard is a benefit offering that allows consumers to avail a payout for each day of hospitalisation, a joint statement said on Wednesday.

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I-T department on a hunt for small evaders as deadline looms

Suddenly, there has been a surge in reopening of returns of small-time tax evaders, with income tax authorities deploying investigation units to search and survey suspect cases of tax evasion of up to Rs 50 lakh. Cases are being reopened for assessment years 2015-16, 2016-17 and 2017-18 as no action will be possible beyond March 31 for these three years.

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Jinesh Gopani on what your post-Covid portfolio should look like

Volatility will be your friend and it is better to be cautious than over confident on the markets.

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SIPs back in limelight even as MF outflow continues

With the equity market scaling record highs, new SIP account registration has risen to a record of 16.4 lakh in January 2021, the data from the AMFI show.

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Liquid fund returns are going down. What should debt mutual fund investors do?

Liquid fund returns have been going down in the last six months. Many mutual fund investors have been asking about the performance of these schemes.

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Franklin begins repayment to investors in shut debt funds

After a wait of more than 10 months, investors in five of the six shuttered debt schemes of Franklin Templeton Mutual Fund received a portion of their money on Tuesday, which was lying as cash in these schemes.

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Govt unlikely to review Rs 2.5 lakh threshold to tax PF interest

“Of course, PF is lifetime saving of the working class and the government is committed to ensure that they benefit. But we had to undertake reforms to ensure there is no misuse of the tax exemption on PF deposits,” said a senior government functionary.

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EPFO raises ₹1,181-cr demand on Sahara for unpaid PF, pension dues

The development comes nearly eight years after the issue of compliance failure was brought up by the EPFO in 2013.

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EPFO likely to declare rate of interest on EPF deposits for 2020-21 on March 4

Speculation is rife that the EPFO may lower interest on provident fund deposits for this fiscal (2020-21), from 8.5 per cent it provided for 2019-20,in view of more withdrawals and lesser contribution by members during this fiscal mainly due to the COVID-19 pandemic.

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Eicher, MRF, HCL Tech top MF buys in January

Eicher Motors, known for its Royal Enfield (RE) motorcycles, is a play on a recovery in bike sales in urban areas. The company’s total bookings in the top 10 and 20 cities were at 18 per cent and 25 per cent at the end of the December 2020 quarter.

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