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What is an International Equity Fund, and how does it work? An International Equities Fund is a mutual fund that invests primarily (more than 80% of its assets) in the equity or equity-related securities of non-indian companies. These funds fall within the Sectoral/Thematic group, according to SEBI re-categorization guidelines. There are two investing models either of which is generally adopted by these funds. One, having an Indian fund manager who makes investment decisions on foreign companies' equities. Two, they function as a Fund of Fund (FoF), which means they invest your money entirely in another overseas fund rather than equities. The majority of AMCs' foreign equity funds in India are large-cap-focused and invest in US stocks. Taxation: Your international mutual funds may be investing in equity, however under Indian law it will be treated like a debt fund and it will be taxed accordingly. Long term capital gains tax rate on international mutual funds is 20% (on the gains made by you) whereas on domestic equity funds taxation rate is 10%. Short term capital gains tax rate on international mutual funds is according to your income tax slab i.e. 30% if you are in the highest bracket whereas it is 15% on domestic equity mutual funds. Additionally, International Equity Funds might take up to 5 days to settle, compared to 3 days for Indian Large Cap Funds. This means that getting your money back might take up to 5 business days from the time you submitted your redemption request.

For a long time, the Life Insurance Corporation of India has been considering an initial public offering, or IPO. The LIC is hard at work preparing for the public offering, despite the fact that the issue's timing and price range have yet to be revealed. The life insurance company asked its clients to participate in the offering and has announced that certain portion of the IPO will be exclusively reserved for its policyholders. LIC plans to file the drafted IPO prospectus with market regulator SEBI. LIC is expected to be India's second largest company in terms of market capitalizations post its listing. In order to get the shares exclusively reserved for the policyholders of LIC, policyholders would need to ensure that their PAN information are updated in the companies records. Furthermore, interested individuals will also be required to have a demat account. How to Connect PAN and LIC 1. Go to https://licindia.in/ or https://linkpan.licindia.in/UIDSeedingWebApp/ for a direct link to the LIC website. 2. Select Online PAN Registration from the home page and then click Proceed. 3. Enter your personal details, including your PAN, LIC policy number, phone number, and email address. During this stage, you must exercise caution and submit all required information. 4. In the corresponding box, fill in the Captcha. 5. Have your registered phone number send you a one-time password (OTP). After entering the OTP into the gateway, submit it. You can contact a LIC agent if you are unable to link your PAN to LIC online.

Digitalized Health EMI Network Card introduced by Bajaj Finance Ltd. - the investing and lending arm of Bajaj Finserv is a gamechanger in the affordable healthcare domain. As the cost related to healthcare services continues to rise in India, there has always been a dire need to make healthcare finance hassle-free and feasible. Now that Bajaj Finance Limited has launched digital health card, it will not take much time for middle class individuals to extract the best out of it. A multitude of benefits is imparted by this dynamic card, emphasizing the uncomplicated conversion of medical expenses into no-cost EMIs. Paperwork has always been a tedious experience for most people aiming to avail any service. A prominent benefit of this card is Zero documentation. Moreover, within a single click, it gets activated and provides up to Rs. 4 Lakhs as financing. From surgery to diagnosis, from specialized treatments to pandemic treatments, efforts have been made to make this card utmost functional. This card is made accessible over the dynamic Bajaj Finserv Wallet app, and therefore, users can access it with the help of their mobile itself. To unlock the utility offered by the card, a cardholder simply requires integrating a mobile number, verifying the OTP and paying the one-time registration fees of INR 707. ● Only 1 player in the market: Bajaj (part of the Bajaj Group) As of date Bajaj Finance Limited is the only player in the finance market offer a digital healthcare card. Bajaj Finance Limited is a leading corporation of the Bajaj Finserv group, it is a diversified NBFCs operating in the Indian market. It cater to approximately over 36 million customers across the nation. ● Who can avail this card? The criteria related to the eligibility that need to be fulfilled by an individual who wish to avail the services offered by this card. This card is only available to those users who have a 750 and above CIBIL score, are salaried or self-employed, and fulfilling the minimum age criteria. As far as the New Bajaj Finserv users are concerned, they are required to upload the NACH mandate and KYC documents at any of the enlisted clinics and hospitals to avail the benefits offered by this card. Benefits of the Card 1. Easy Activation To instantly activate this digital health card, a user simply requires an online application and requires entering the registered mobile number. After the OTP verification, pre-approved offers can be viewed, and the moment, a one-time fee is paid, the card gets activated instantly. 2. Hassle-free EMI payment plans If there are multiple medical bills, this card does a brilliant job to split them into No Cost EMIs, aiming for the gradual repayment as per the convenience of the cardholder over the tenure of up to 24 months. 3. Addresses the medical need of the entire family What makes this card, more appealing, is that one single card can be used for multiple members of the family across cities. That is how it becomes a valuable instrument meant to address the medical needs related to the entire family, embracing the needs of a spouse, parents, siblings, and of course, children. 4. Versatility In addition to any general surgery, a few specialized treatments that are offered by these medical brands include diagnostic care, stem-cell treatments, orthopedics treatments, bariatric surgery, cardiac surgery, homeopathy treatments, opthalmology treatments, urology treatments, maternity care, ENT treatments, oncology treatment, hair transplantation, slimming services, cosmetic treatments, and many more. Even urgent medical needs, too, are catered to by this exclusive Digital Health EMI Network Card. 5. Resourcefulness As far as the resourcefulness of this card is concerned, there are approximately 5,500 listed lifecare partners spanned across 1,000 Indian cities. More than 800 treatments have been covered under this card, and that indeed, makes medical services more accessible than ever. A few prominent names involved are Apollo Hospitals, Dr Batra's, VLCC centres, Manipal Hospitals, Columbia Asia Hospitals, Sahyadri Hospitals, and Ruby Hall Clinic. 6. Complimentary offerings and discounts Customers also become eligible for complimentary insurance of Rs. 1 lakh, related to personal accident, with a validity of 1 year on purchasing this card. It is also possible for the users of this card to avail discounts offered by varied medical brands on their products and services. ● Why should one avail it during the current pandemic? The current pandemic is crisis of unimaginable scale. This healthcare card offering by Bajaj Finance Limited will be a blessing for millions of Indian, the card is competent in addressing any urgent medical emergency. This resourceful card can be swiped at any state or city in India, no matter from which city or state you have got this card. Be it multispecialty hospitals, hair restoration clinics, dental care clinics, pharmacies, slimming and wellness centres, diagnostic care centres, stem cell institutes, a user can easily access this card through using the Bajaj Finserv Wallet app, thereby, making it a must-have.

Owning a home offers its own set of advantages. While some are able to grasp it at an early age, others have to wait a long time. Home loans are often available to those over 60 who have a steady source of income, such as a pension or rental income, or who already own their own home. However, the loan policy is governed by the individual norms of each financial organisation. There are certain lenders that will provide older persons a loan so they may live in their own house in retirement, despite the fact that most banks are reluctant to do so. Suggestions to Keep in Mind When applying for a house loan, senior citizens should keep these suggestions in mind to increase their chances of being approved: It's a good idea to apply for a loan alongside a co-applicant who has a steady job. This will greatly increase the likelihood of receiving a loan. You can add a co-applicant if your retired spouse or son/daughter works and is able to contribute to your application. Getting a loan is easier if the applicant already owns a piece of property that can be used as collateral. A loan is more likely to be approved when it is backed by an asset. The lower the loan to value ratio, the better the chances of securing a house loan. This ratio shows how much of an asset's worth is used to secure a loan. This means that if a retiree wants to purchase an apartment for 90 lakhs and needs 20 lakhs in a loan to do so, then the loan-to-value ratio is 1:2 (20/90). This application has a better likelihood of acceptance than one for a loan of 40 lakh.

It's becoming more and more difficult for investors to find the correct investment vehicle because there are so many options. Mutual funds are one of the most popular investing options, whereas hedge funds have a more specialised audience. Mutual funds and hedge funds both invest in a wide range of financial products, but their clientele is vastly different from one another. High-net-worth individuals and international investors prefer hedge funds, whereas the average investor prefers mutual funds. Hedge Money Hedge funds, like other forms of pooled investment, are generally organised as limited partnerships or limited liability corporations. Hedge fund investments are more frequent among wealthy persons since the minimum commitment is so large. High-risk investors should only consider this type of investment. Only a small number of investors can participate in them, and they are not subject to the same restrictions as mutual funds. It has a portfolio tailored to the needs of investors who are looking to invest in these securities. Mutual funds Investing in stocks and bonds can be done through mutual funds, which are collections of investors' money. A fund manager oversees and manages it. Cheap-cost investments with a monthly investment limit of 500 or 1000 are particularly popular among investors because of their low costs. When compared to trading directly, they are low-risk investments with a large variety of alternatives. Equity funds, bond funds, balanced funds, sector funds, and multicap funds are just a few of the many options available to investors. Even experienced investors like it, since it gives them peace of mind when they're nervous about trading directly. https://www.myrupaya.in/mutualfunds Sebi, the market regulator, has tight controls over these funds, and the fees charged by mutual funds are similarly limited. Hedge Funds vs Mutual Funds- Size of the Initial Investment The primary difference between the two is that mutual funds demand a little initial commitment, but hedge funds require a much larger one. As a result, mutual funds, as opposed to hedge funds, are more accessible to retail investors. Only a select group of investors, such as banks, insurance companies, FPIs, and HNIs, invest in hedge funds. Fees of Fund Managers- Fund managers are in charge of both mutual and hedge funds, but the fees they charge are vastly different. Hedge funds have substantially greater operating costs than mutual funds. This is because hedge fund managers adopt a more aggressive stance in their investments. On top of the normal management costs, hedge funds can additionally charge performance fees. Mutual funds, on the other hand, can only charge a proportion of their assets under management (AUM). Transparency- Mutual funds offer a higher level of transparency than hedge funds. Unlike hedge funds, mutual funds must report their net asset value (NAV) every day. https://www.myrupaya.in//post/what-is-net-asset-value-for-mutual-funds In contrast to mutual funds, hedge funds do not required to reveal their performance reports, balance sheets, etc. to the general public, but rather exclusively to their investors. To obtain data from a mutual fund, you don't need to be invested in it, but you do need to be an investor in hedge funds. SEBI regulations- While mutual funds are regulated by the Securities and Exchange Board of India, hedge funds are not subject to the same level of scrutiny. When it comes to allocating funds to derivatives, they have very specific guidelines. Hedge funds are exempt from this rule. It is possible for them to manage a long or short fund, as well as to invest in derivatives, structured products, real estate, etc. Investment Options- Hedge fund managers are also required to invest in their hedge funds, although mutual fund managers are not required to do so. As a result, they are more cautious in their decision-making, given the stakes. When it comes to investments, mutual funds and hedge funds are two of the most popular options, but if you're looking for something more risky and volatile, hedge funds are the way to go.

To borrow money is to open yourself up to a whole host of financial risks. Due to high interest rates, limited financial resources, and many loans with multiple EMI payments, a debt cycle emerges. Contrary to popular belief, managing debt successfully requires an in-depth knowledge of its complexities. To get out of debt, let's have a look at some of the options we have at hand. Having an understanding of the situation If you have a number of credit cards and have reached or will reach your credit limit on at least one of them, you are undoubtedly in debt. Missing EMI payments and accumulating additional charges on a larger scale are more dangerous. After a while, it becomes impossible to pay back all of your debts on a regular basis. This is when the debt trap begins. It's a massive red flag if your total debt from all sources exceeds your invested capital, liquid assets, and all other investments, and especially if it constitutes a significant portion of your annual income Pay down debt in the order of importance Indebtedness might last for a short time or for a long time. Credit cards and personal loans are examples of short-term debt, whereas mortgages are examples of long-term debt. Start with the loans with the greatest interest rates, overhead charges, and fees once you've sorted your debt by tenure. For example, the interest rate on a home loan is lower than that on a short-term loan. In contrast, credit card interest rates can reach as high as 35-40 percent each year. To avoid the interest penalties and other charges associated with late payments on credit card bills, consumers should pay them off as soon as possible. Device a repayment strategy Spending less money is easier if you keep track of your expenses. Spend less money on things you don't really need, including holidays, movies, and other luxuries. Plan your meals in advance and prepare your own meals instead of ordering takeout to help you save money on a regular basis. If you have the time, you may want to explore taking on side tasks to boost your income. However, bear in mind that this is just temporary and you won't be confined till your finances are back on track. Make sure you have enough insurance. Purchasing the appropriate insurance will safeguard you and your loved ones from life's unfortunate tragedies. Purchasing insurance sooner rather than later will result in lower premiums. Paying off your debts instead of fretting about mounting medical expenditures is much easier when you have health insurance. Make a request for a loan extension from your bank If you have a house loan, you can ask your bank to extend its term. The interest rate on your loans will go up, but your monthly EMI payments will decrease, allowing you more time to pay them off. Negotiating interest rates with your bank is a good idea if you have a long-standing connection with them. Consider transferring your current loan to a bank that charges a cheaper interest rate. ' Increase your payments and contribution to EMIs If your salary rises, you may want to raise your EMI payment in order to pay off your debt faster. There are a lot of options available to you if you're trying to escape a cycle of debt. Remember that believing that you can get out of debt is essential. To pay off all of your obligations, you must first develop a strategy and stick to it, even if it may take some time.