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Micro-investing is saving aside small amounts of money on a regular basis and investing them in the markets via ETFs or fractional stock shares. When you micro-invest, you invest a little amount of money on a monthly basis. It makes investing more accessible, especially since that most people do it through an app. If properly invested over time, even small sums of money may grow into tens of thousands of dollars. Small and moderate investors that want to make their money work harder might consider micro-investing. How does it work? Micro-investing allows you to invest money even if you don't have much to begin with. You might begin by avoiding little purchases when you have developed a habit of rounding up to the nearest dollar when shopping. Consistently investing money in the stock market has shown to be profitable over time. You'll buy more shares when prices fall or are low, and less shares when prices rise, because you'll be buying them on a regular basis. You'll buy over time and use dollar-cost averaging to average your purchase prices. In India, there are a number of applications, such as NiyoX, that allow you to undertake micro-investing on their platform. Benefits- Minimum investments are low: Micro-investment enables you to begin investing even if you do not have a large sum of money to invest. You may start investing in ETFs and fractional shares of stock with as little as a few dollars, which isn't feasible with more traditional investments like mutual funds, which often demand a minimum commitment of a few thousand dollars. Diversification: For just a few amount each month, you may develop a diversified portfolio by investing in low-cost ETFs related to large market indexes. Small sums accumulate: Contributing even little sums of money to an investing account on a regular basis may pile up over time, possibly converting your spare change into tens of thousands of dollars. Automation: Micro-investment aids in the automation of the investing process, making it easier for investors to keep to their strategy during good and bad times. It also helps you establish a habit of saving early on in your investment career, even if you can only save a small amount of money. Flexible: Even though you may start investing as little as Rs 50 in micro-investing, most applications enable you to deposit as much as you'd want to your account. The majority of micro-investment apps demand small monthly fees. Drawbacks- Limited Gains : If you don't put a lot of money into your fund, it will grow slowly. It might take years to save $5 here and there, and even then, the total amount will be less than you expect. It also won't make a significant impact to your retirement savings. Withdrawal: Micro-investing does not enable you to withdraw your money right away since shares must be sold first. Withdrawing funds from an account can take anything from a few days to four or five days. Conclusion: When you don't have much in the way of money, micro-investing might be a terrific way to get started with investing. Small, regular contributions can add up over time if properly invested, but you'll need to contribute significantly more to insure your future retirement.

Investing in mutual funds is all the rage these days. Many consumers who used to invest in traditional savings plans like PPF and FDs are now showing an increasing interest in Mutual Funds. Buying Mutual Funds rather than directly investing in shares is a safer and more convenient alternative if you don't have much expertise analysing the stock market. For middle-class Indians, mutual fund investment is a terrific way to fulfil their goals. It may be established with a monthly contribution of as little as Rs 500. Despite these advantages, many customers, especially beginner investors, make a number of mistakes while investing in mutual funds. We'll go through 10 of the most common mistakes individuals make while investing in mutual funds in this post. Choosing a variety of methods to maximise your return- That isn't the how things operate. In the sake of diversification, this is one of the most typical mistakes investors make. While it is crucial to diversify a portfolio when investing in mutual funds, adding too many schemes to a portfolio just adds to the difficulty of keeping track of them. Investors should ideally select only a few schemes that provide broad market exposure. A successful portfolio may be established with just two or three well-managed schemes that are also simple to follow. Concentrate on asset allocation- Many investors put all of their money into one sort of fund to get the most out of one asset. The approach to invest in mutual funds is through asset allocation, which is the proportioning of an individual's investment in various assets. If an investor puts all of his or her money in one location, mutual fund investing becomes a tough game. Your financial objectives, duration, and risk appetite should all be considered when allocating your assets. When it comes to investing, make sure your portfolio is well-diversified across asset classes including fixed income, stock, gold, and real estate, among others. Mutual Funds Are Not the Same As Stocks- Investing in mutual funds just for the sake of trading is a mistake. A mutual fund will never be able to match the returns of a stock, nor will it be able to reduce the risk of significant losses. This is due to the fact that a mutual fund is a stock portfolio created by skilled fund managers after thorough study. Shares are used to split a company's entire capital. A stock in a company implies you own a portion of it, but a mutual fund pools money from different investors and invests it in a range of assets, including shares in other businesses. However, investing in mutual funds does not enable you to become a shareholder in a company. Rather, you'll receive mutual fund units in proportion to the amount you put in. To make an informed investing decision, it's critical to know the difference between mutual funds and common stocks. Returns are not Guaranteed- Regardless matter the investment they make, everyone wants to have assured returns. Mutual funds, on the other hand, do not guarantee returns. Even debt funds, which are thought to be risk-free by many, may not give assured returns on a regular basis. Debt funds are less risky than equity funds, but it doesn't mean they can guarantee you a profit. Not Checking your Portfolio- You can lose money if you don't check your portfolio on a regular basis, which most of us don't do. Some investments fail to deliver on their promises, and it is necessary to monitor them on a regular basis in order to avoid them. Investors should monitor their investments' performance on a regular basis. Investors should aim to analyse all of their mutual fund schemes on a regular basis to prevent stumbling blocks in their long-term wealth growth. This allows for the exclusion of underperforming assets. Fund comparison- When comparing fund performance, many investors make the mistake of comparing apples to oranges. They are only concerned with the amount of return a fund has provided, rather than whether the funds are in the same category or other features of the funds. Comparisons should be made with the appropriate peers and benchmarks. A small cap fund's performance cannot be compared to that of a large size fund since the two invest in different types of equities. Better to have a plan with a lower net asset value (NAV)- Every investor understands that the phrase is "buy cheap, sell high" if they want to make a profit. And it's a principle they strive to apply to all of their investing products. Many investors participate in new fund offerings (NFOs) with the aim of receiving a return as little as INR 10 per unit. They don't realise, however, that the price at which an NFO buys its underlying assets is the same as it is for every other player in the market. The NAV at which you can purchase mutual fund units is unimportant; what matters is the price at which the fund management purchases the underlying securities.

It's wiser to close your State Bank of India (SBI) savings, salary, or current account if you're not using it than to leave it open and pay the fees. Furthermore, your account may become dormant or inactive if you do not utilise it for longer than the stipulated amount of years. The bank does this to prevent any illicit or uncontrolled account activity. While there is no danger in having numerous accounts, considerable caution should be used because mistakes can lead to losses. Keep in mind that you will be responsible for any associated fees, such as debit card fees and SMS fees, as well as maintaining a minimum balance, which varies per account; if the minimum balance is not maintained, a Monthly Quarterly Balance (MQB) deduction will be made. Here's what you'll need to do to close an SBI bank account. Before closing an account, there are a few things to bear in mind. Debit Card Closure letter or Closure form Cheque Book ID and Address proof Passbook Things to keep in mind Make careful to pay off any outstanding debts before closing the account. All of your EMIs and credit cards associated with this account should be closed or transferred. Keep the balance at zero so that transferring the money won't be a problem. Make a backup copy of your bank account statements for future use. Keep in mind that you will not be able to reopen this account. Procedure for closing an SBI account? To shut your SBI savings, salary, or current account, you must visit the bank with the relevant letter or form, as well as identification credentials. The account closing form may be downloaded from the SBI website. Mention why you're closing your account, and include all account-related things such a debit card, a chequebook, and a passbook. Depending on the account's term, the bank may charge a fee to close it. SBI does not levy fees to account holders who close their bank accounts after a year. If the SBI account is closed between 15 days to one year, the account holder must pay costs; the account closure price is Rs 500 plus GST for savings accounts. The price for current accounts will be Rs 1,000 plus GST for a period of 14 days to one year after account opening, and Rs 500 plus GST for a period of one year to five years after account opening.

In an office memorandum dated December 9, 2021, the Department of Pension & Pensioners' Welfare spelled out procedures for calculating family pension and death gratuity when a government pensioner dies during the currency of a penalty. The family pension and death gratuity will be calculated on the basis of the real salary to which he or she would be entitled if the penalty had not been imposed, according to the memorandum. The term "penalty" refers to the period during which a government employee's salary is lowered as a result of disciplinary action taken against him or her. The salary is decreased for a set amount of time, and the impact is restricted to the time period mentioned in the penalty order. It has been noticed that calculating family pension and death gratuity based on real pay drawn in the event of death during the currency of a penalty referred to in paragraph 3 above would result in a lower death gratuity and a lower family pension for the widow/family. It's possible that the disciplinary authority didn't intend for this to happen when they imposed the penalty. As a result, in circumstances where the disciplinary authority's objective was to limit the punishment's effects on a Government employee who died while the penalty was in effect, As a result, in cases where a Government servant dies while serving a penalty for which he would have regained the same pay if the penalty had not been imposed on him, the family pension and death gratuity in respect of such Government servant shall be calculated based on the notional pay to which he would have been entitled on the date of death, and such notional pay may be treated as emoluments for the term of the penalty. For example, suppose the penalty is enforced for four months, from October to January, and the government employee's income is reduced to Rs 10,000. However, the salary was Rs 15,000 before the penalty period, which began in October. If a government employee dies in December, the family pension and death gratuity for the person's family would be computed on a Rs 15,000 basis rather than a Rs 10,000 one (penalty pay). Emoluments are calculated for the purpose of family pension under the Central Civil Services (CCS) Pension Rules, 1972, on the basis of basic pay received by the government employee immediately before retirement or date of death, or on the basis of average emoluments drawn by the government servant during the last 10 months of his service. The given order is effective immediately, and previous cases will not be reopened. However, instances where a government employee died before these instructions were issued but the family pension and death gratuity had not yet been calculated may be resolved in line with these instructions. The CCS (Pension) Rules, 1972, will be amended individually if necessary.

If you're setting plans for the year 2022 and are serious about keeping them, consider including some financial resolutions to help you plan for the future. The ongoing Covid epidemic has taught us the value of maintaining a savings account and an emergency fund. The majority of people, particularly young earners, still lack these critical buffers. Here are five financial resolutions you may set for the New Year to help you get a better handle on your finances. New Year Financial Resolutions: Make a spending plan and stick to it It may feel restrictive to stick to a budget, but it is necessary if you don't want to get into debt. A budget can assist you in determining what you can afford to spend and identifying areas where you are overspending. To begin, just record all of your daily spending in a notebook so that you can see where your money is going each month. Also, make a list of all your fixed expenses, such as rent, EMI, phone bills, energy, workplace travel, and food costs. Now you can see how much money you have left over for discretionary items like entertainment, leisure trips, clothes, and so on, and aim to stay within that budget. Pay your credit card balance in full Your credit card bill payment record is a key sign of your financial health, and lenders use it to assess your ability to repay a loan. If you can't pay off your credit card payment in full each month, it means you're spending more than you earn and won't be able to service your debts. This has an impact on your credit score. Paying your credit card bill in full not only increases your card usage rate, but it also lowers your interest costs. So only spend what you can pay back in full before the card's due date. Establish an emergency fund It's critical to have an emergency reserve equal to six months' worth of spending, including any loan EMIs. So, if you don't have an emergency fund yet, make it your first financial resolve and begin building one the following month. You may have to give up some discretionary spending for a few years to build an emergency fund, but it is well worth it because having one gives you financial security and confidence. Purchase both term and medical insurance Aside from having an emergency reserve, obtaining term and health insurance is also necessary. If you are married, you should get a family floater medical insurance policy, which will cover your complete family for a modest monthly fee. In addition, term insurance should cover at least ten years of your yearly salary. So, if you don't already have these coverages, set a budget and get them right now. Reduce your discretionary spending if necessary to pay for these insurance premiums.

The National Pension Scheme (NPS) is a social security programme established by the Union Government with the goal of providing citizens with a consistent income once they retire. The PFRDA, India's regulator of pension funds, has made various regulation modifications to the system over the years in order to make it more appealing to regular investors. Because it is a hybrid investment scheme (which invests in both stock and debt), experts believe it can help young workers build up a significant retirement fund by contributing modest sums every month. If you've put off saving for retirement and are now 35 years old, you may still invest in the NPS. Let's look at a computation to see how much you'll need to save for a Rs 50,000 monthly pension. Understand How to Calculate Funds If the investor's average age is 35 years. He contributes Rs 15,000 every month to this fund. The investor must invest until he or she reaches the age of 60, or for a period of 25 years. NPS investment: Rs 15,000 per month In all, Rs 45 lakh has been contributed over a period of 25 years. Return on investment is expected to be 10%. The total amount payable on maturity is Rs 2 crore. Purchase of annuities: 50% The annuity rate is estimated to be 6%. Pension at 60 years old: Rs 50,171 per month (Note: The NPS Trust Calculator was used for this computation.) This is a approx. figure. Actual numbers may differ.) How to accumulate total payment of 1 crore If you accept a 50% annuity under NPS (a minimum of 40% is necessary) and the annuity rate is 6% per year, you would receive a lump amount of Rs 1.0 crore after retirement, with Rs 1 crore going into an annuity. You will now receive a monthly pension of Rs 50,171 from this annuity amount. The larger the annuity, the more the pension you would receive. An annuity is, in reality, a contract between you and the insurance provider. An annuity of at least 40% of the amount in the National Pension System must be purchased (NPS). The pension amount will be higher if the sum is larger. After retirement, the annuity amount is paid in the form of a pension, and the remainder of the NPS can be withdrawn in a lump payment.

Active and passive mutual funds are the two main categories of mutual funds. Active Funds, as the name implies, are funds in which the fund manager actively manages the portfolio, buying and selling equities according to a customised investing plan. In Passive Funds, the portfolio is created as a replication of a certain index by the fund management. In other words, the portfolio tracks the index's movement. As a result, these funds are known as Index Funds. Let's take a closer look at how they operate. Active Funds: The portfolio is constructed using a unique or customised investing strategy. According to the scheme's investing mandate, investments may be made in equities across market capitalization categories (in different weights), at times with a focused approach to specific securities, in various sectors/themes, and even other asset classes. Passive Funds: The fund manager tries to duplicate a certain index, such as the S&P BSE Sensex or the NSE Nifty 50. (by holding similar weights to the securities of the respective underlying index). According to regulatory standards, an Index Fund must invest at least 95% of its total assets in securities of a certain index (which the scheme replicates/tracks). There are a variety of Index Funds that replicate various indices such as the Nifty 50, Nifty 50 Equal Weight, Nifty Next 50, Nifty 100, Nifty 500, Nifty Midcap 150, Nifty Smallcap 250, Nifty Bank Index, S&P BSE Sensex, S&P BSE Bankex, and so on, in addition to large-cap indices like the Nifty 50 and the S&P BSE Sensex. Foreign indices are also replicated by certain Index Funds. It's important to remember that the performance of the underlying index will determine your investing success. All the fund manager needs to do is make sure that the weights of the securities in the portfolio match those of the underlying benchmark index. As a result, an Index Fund almost never outperforms or underperforms its benchmark index. If it does, it is generally by a very little margin, and it is due to tracking mistake. Index Funds provide for both lump sum and systematic investment plan (SIP) transactions. Why should you put your money in index funds? The following are some of the most important advantages of investing in Index Funds: (1) Easy to comprehend and understand Index funds are straightforward to comprehend and manage. If you're a beginner investor who's having trouble picking the correct fund among the number of active funds available, try investing in an Index Fund. Because they mimic the index, there's a case to be made for using Index Funds as a buffer alongside actively managed funds in your investing portfolio. (2) Less risky than active funds Index Funds have a relatively low portfolio turnover compared to actively managed funds, and so have a lower risk than Active Funds. Your returns will always be similar to the returns generated by your Index Fund's underlying benchmark index. An investor with a 3-5 year investment horizon who wants to diversify his portfolio might consider investing in an index fund. (3) In comparison to active funds, it is less expensive. Index Funds typically have an expense ratio of less than 1% (about 0.8%), which is far lower than actively managed stock funds, which can have expense ratios well beyond 1.5 percent. The performance of Index Funds over the previous year, as well as over three and five years, has been quite outstanding, justifying the cost ratio charged. In contrast, a large number of actively managed equity-oriented mutual fund schemes across sub-categories have struggled to surpass their respective benchmark amid the previous year since March 2020 in a polarised market upswing, and have been unable to justify the high cost ratio paid. As a result, you should think about incorporating some Index Funds in your financial portfolio. Conditions to be aware of Index Funds, unlike Active Funds, are never able to outperform the benchmark. As a result, if the benchmark performs well, they will perform well as well. However, if the benchmark performs poorly, your returns may suffer as well. When comparing the performance of one Index Fund to that of others, make sure you know what the scheme's investing mandate is and what its benchmark is. You should strive to learn about the underlying index that the fund will monitor, as well as the index's members and the investing goal that the fund aims to attain. Find out what the tracking error is for your Index Fund. The standard deviation percentage difference, or the difference in the returns provided by the Index Fund and its benchmark, is referred to as tracking error. The cash maintained by an Index Fund to address redemption demands, as well as the input and outflow from the fund, and the weight given to each security of a specific index, all impact the tracking inaccuracy of the fund. Real-time transactions are not feasible since Index Funds are not traded on the exchange. By visiting the fund house or its registrars at the day-end Net Asset Value (NAV) stated by the fund house, transactions are completed. In industrialised markets, notably the United States, index funds are extremely popular. Investors in India are beginning to recognise the value of Index Funds in their portfolios. As a result, Index Funds have seen significant inflows over the past year.

It's that time of year again, when most businesses have given out their yearly bonuses or raises. However, given the economic uncertainties caused by the COVID-19 Pandemic this year, many paid employees may have received a smaller bonus or none at all. Around 72.2 lakh individuals lost their employment in April 2021 and numerous employed people are at risk of losing their jobs in the future. So, if you have a job, an increment, and/or a yearly bonus, don't spend money right away. Use the additional money as a buffer for your future, given the current uncertainties. The following is what you should do: Invest after doing a comprehensive need analysis When it comes to investing, determine your financial objectives and align your portfolio with them. Your asset allocation, or how much to put into each asset, should be determined by your age, income and expenses, assets and obligations, risk appetite, investing purpose, financial goal, and time to reach the goal. Don't invest on the spur of the moment or just to chase rewards. For example, if your risk tolerance is high, your investment aim is capital appreciation (over the long term), and you have more than three years to fulfil your objectives, you can consider investing in an equity-oriented mutual fund. Debt-oriented mutual funds, on the other hand, may be appropriate if your risk tolerance is low, you want to achieve consistent returns while protecting capital, and your time horizon is three years or less. Calculate the future worth of the objective after three considerations when selecting how much to invest for the goal: The cost of achieving the objective in today's terms, The rate of inflation, and The time-to-target. Be more diligent and increase your investment It's also crucial to be disciplined and persistent with your investments if you want to achieve your financial objectives. Investing through Systematic Investment Plans can help you achieve this (SIPs). A systematic investment plan (SIP) allows you to invest in little sums at regular periods, reducing the impact of market volatility through rupee cost-averaging and eliminating the need to time the market. If you make payday your SIP day and then spend what's left after saving and investing, you'll be well on your way to achieving your objectives. Many fund houses now enable you to choose a particular SIP instalment date instead of the standard practise of picking default dates on the application form for monthly SIP payments, such as the 7th, 10th, 15th, or 20th of each month. You can also increase your SIP contribution to coincide with your annual bonus. This can help you better combat inflation, increase the power of compounding, and achieve your financial objectives faster. You can achieve this in one of two ways: 1) Each year on a set rupee basis. So, if you have a monthly SIP of Rs 10,000, you may raise it every year by Rs 1,000 or Rs 2,000, depending on your needs; alternatively, if you have a monthly SIP of Rs 20,000, you can increase it every year by Rs 1,000 or Rs 2,000, depending on your needs; or 2) On a predetermined percentage basis each year, such as adding 10%-20% to your present monthly SIP year after year. Investors can automate step-up SIPs (also known as top-up SIPs) with some mutual funds, while others need a manual request through mandate. Increase the size of your emergency savings You can also set away a sufficient contingency fund with your bonus to prepare for a rainy day (also known as an emergency fund or a rainy day fund). Maintain a contingency reserve of at least 6 to 18 months' worth of normal monthly costs (including EMIs) in a separate Savings Bank Account or an Overnight Fund/Liquid Fund. This fund should only be used if you have unanticipated costs for which you have not budgeted. If you already have some money set aside, use the bonus to boost it to the amount needed for your emergency fund. Paying off or reducing your debt If you have any outstanding loans, use the bonus to pay them off or lessen your financial load. Prepay your loans in part or in whole using the bonus you've received. You will save a lot of money on interest payments if you do this. Furthermore, the money you save on loan repayment might be put to better use in the future. Handle your money wisely so that it can assist you in achieving financial well-being and financial independence.

The increasing stock markets have drawn a large number of investors to equities as a form of investment. Demat accounts were opened at a record 14.2 million in FY21, up from 4.9 million in FY20. Furthermore, a growing number of ordinary investors––many of whom are new to the markets and hail from Tier 2 and Tier 3 cities––are placing huge bets on the stock market. To be successful in equities investing, one must undertake their own in-depth study rather than follow the crowd. It is critical to have a plan in place since markets do not always work in your favour. When it comes to direct stock investing, there are a few things to keep in mind: Check the basics - When it comes to direct equity investment, having the right information and understanding is the key to success. It's important to consider the following factors while making a comprehensive decision: Find out more about the company and its business approach. Recognize the company's market sector, the brand value it conveys, and its market share. Learn about the company's capital allocation, revenue and profit drivers, management, corporate governance processes, stakeholder treatment, the company's vision statement, future growth possibilities, and so on. Because businesses do not function in a vacuum, it is also necessary to research the industry and its competitors, the local and global economic environments, and the political environment, among other things. You should also consider certain quantitative elements in addition to these qualitative features. Price-to-Equity ratio, Price-to-Book Value ratio, Return On Capital Employed (ROCE), Return on Equity (ROE), Return on Assets (ROA), debt-to-equity ratio, dividend payment, dividend yield, estimating future cash-flows, intrinsic value, and so on are some of them. It is critical to pay the correct price for the appropriate stocks.While it may seem that price and value are two sides of the same coin, they are not. You may be able to effectively choose stocks if you use this technique. Spread out your investments — There may be times when markets seem to be hitting all-time highs on a daily basis. It is preferable to stagger your investments rather than investing a large amount at periods when values seem stretched. Don't make all of your investments at once. Take advantage of any intermediate market declines that may occur. Diversify within the equity asset class - Diversification is a fundamental precept of investing that reduces concentration risk, which may have a negative impact on the performance of your portfolio. As a result, pay attention to how much of your money you distribute across market capitalization categories (large-caps, mid-caps, small-caps) and industries to avoid an unbalanced portfolio. You might choose to invest in shares using the 'Core & Satellite' method. The phrase 'Core' refers to the portfolio's more stable, long-term assets, whilst the term 'Satellite' refers to the strategic element that would assist boost the portfolio's total returns, regardless of market conditions. Large-cap stocks may make up a higher share of your equity portfolio's core holdings. The satellite holdings, on the other hand, may consist of a lesser part of shares from the mid-cap and small-cap domains. Core and Satellite investment combines the best of both worlds, providing both short-term high-rewarding chances and long-term consistent profits. Having said that, the amount of money you put into large-caps, mid-caps, and small-caps should ideally correspond to your risk profile, investment purpose, and time horizon. Consider investing in overseas shares to diversify your portfolio across borders. This may help you mitigate country-specific risks while also allowing you to benefit from international investment possibilities. Maintain optimum cash - You'll need adequate liquidity or cash to cover your routine costs and unexpected expenses. As a result, keep 'optimal cash,' which is neither too much nor too little. Maintain a sufficient amount in your savings account so that the money is readily available anytime you need it, especially for market deployment when there is a large correction and/or an appealing investment opportunity. Review and rebalance your portfolio — Many investors make the mistake of chasing momentum in the hopes of making quick money. However, do not expect that equities markets will rise in a straight line. Volatility and corrections are a natural element of the equity market, and they can increase the risk associated with your equity investments. Furthermore, your financial circumstances, personal risk profile, attitude toward money, or investing aim may change over time. You might also choose a different investing strategy. So, among other things, analyse and rebalance your portfolio by considering the following factors: - Total number of equities and equity-oriented mutual funds in a broad asset allocation - The price-to-equity ratio (P/E ratio), Price-to-Book Value ratio, earnings trend (quarter-over-quarter, year-over-year), Return on Capital Employed (ROCE), and Return on Equity of stocks and/or equity-oriented mutual funds (ROE) Many quantitative components include return on assets (ROA), debt-to-equity ratio, dividend payout history, estimating future cash flows, and intrinsic value. - The exposure of the firm - Market capitalization segments (large-cap, mid-cap, and small-cap) exposure - Exposure by industry You may sell the stock if the stock's fundamentals appear weak, the company's future growth appears challenging, the sector outlook appears challenging, your return expectations have been met, you have accumulated the necessary corpus to meet your envisioned financial goals, your risk profile has changed, portfolio review and rebalancing warrants the exit, you wish to change your investment strategy, and/or you require funds for an emergency. If you've amassed enormous wealth in the short term, that's fantastic, but don't be fooled by the exceptional market returns we've seen recently. In the interest of your long-term financial well-being, take a prudent approach, be disciplined, and analyse your stock portfolio on a regular basis.

Health insurance plans are essential for safeguarding against the high costs of medical treatment in private hospitals. Inflation in the health sector has escalated as a result of the global pandemic's spread, resulting in an increase in the fundamental expenses of medical treatments. As a result, health insurance plans assist policyholders in conquering medical expenses and providing financial support. National Health Insurance Plans: An Overview National Health Insurance is a well-established health insurance provider in the country, and it has improved its services through time to incorporate a variety of modern-day technologies in order to give high-quality goods. The organisation offers a diverse range of products, allowing policyholders a variety of possibilities. The following are some of the most notable elements of National health insurance plans: Cashless claims are accepted at the insurer's 6000+ affiliated hospitals. The firm gives the lifetime renewability of services perk since there are no constraints on the upper age limit at the time of renewal. In FY 2019-20, the company had a decent claim settlement ratio of 83.78 percent, demonstrating its trustworthiness. The National Health Insurance Company is one of the country's oldest and most reputable businesses. With a large client base that trusts and values National health insurance company's services and policies, the company offers policies that can be customised to meet the demands of policyholders. Top National Health Insurance Plans Following are some of the best health insurance plans from the National health insurance company: 1. National Mediclaim Plus Policy Individuals and families can purchase this plan for a claim amount ranging from Rs. 2 lakhs to Rs. 50 lakhs. You, your spouse, children, and dependant parents can all be covered under the family floater policy. It also includes a variety of other benefits, such as hospitalisation costs, maternity benefits, infant coverage, and ambulance costs, among others. 2. National Parivar Mediclaim Policy This is a National health insurance company's family floater health insurance plan, with insured sums ranging from Rs. 1 lakh to Rs. 10 lakh. This plan comes with a variety of advantages, including hospital costs, organ donor expenses, ambulance fees, maternity benefits, vaccine care, and much more. 3. National Senior Citizen Mediclaim Policy You can acquire full coverage for your parents who are senior citizens under this National health insurance senior citizen health insurance plan. This plan can be used as a family floater with a guaranteed amount ranging from Rs. 1 lakh to Rs. 10 lakh. This plan's subscribers can be between the ages of 60 and 80 and receive advantages such as hospital cash coverage, alternative treatment coverage, hospitalisation fees, ambulance charges, and more. 4. National Critical Illness Policy This is a critical illness health insurance plan issued by the National health insurance corporation, with claim amounts ranging from Rs. 1 lakh to Rs. 75 lakh. This plan covered policyholders for around 37 designated critical diseases and provided a predetermined lump sum amount at the time of claim settlement. 5. National Super Top-Up Mediclaim Policy This health insurance policy provides customers with additional coverage to supplement their existing coverage at a low cost. Policyholders can purchase this super top-up plan as an extra plan or as a standalone health insurance policy. Inpatient expenditures, pre- and post-hospitalization expenses, organ donation fees, ambulance coverage, and much more are among the main inclusions of this policy.

With a fresh issuance of Rs 200 crore and an offer for sale of Rs 500 crore, Supriya Lifesciences hopes to raise nearly Rs 700 crore in the share market. Dates to remember: The issue goes live on December 16 and will be available through December 20 . Supriya Lifescience is set to start trading on December 28. Details of the offer: The issue includes a new issue as well as a promoter's offer for sale. The new offer is worth Rs 200 crore, and the promoters hope to raise more than Rs 500 crore. Investors can place bids for 54 shares or multiples of 54 shares. At the high end of the pricing band, the implied market valuation post-issue is Rs 2,200 crore. Shareholding pattern: Before the offering, the promoters owned 99.26% of the shares, which will drop to 67.59% after the issue. 75 percent of the issuance is allocated for eligible institutional purchasers, with the remaining 15% available for non-institutional buyers. Retail investors will be able to bid for 10% of the offering. About the business: Supriya Lifesciences was founded in March 2008 and is one of the country's leading manufacturers and suppliers of active pharmaceutical ingredients, or APIs. An API is a chemical utilised in the completed pharma product to have a direct influence on the diagnosis, cure, mitigation, therapy, and prevention of a disease. It can also directly affect the impact by restoring, correcting, or altering it. The company's primary emphasis is API research and development. It has 38 APIs targeted on several areas as of October 2021, including antihistamines, anaesthetics, analgesics, anti-asthmatics, and anti-allergics. Its sales are split between domestic and international sales. Its goods were shipped to 86 countries as of October 2021. It is India's top exporter of antihistamine Chlorpheniramine Maleate and anaesthetic Ketamine Hydrochloride. Export sales account for over 70% of the company's revenue. Export sales accounted for 73.5 percent of total revenue in the six months ending September 2021, while domestic sales accounted for 26.4 percent. Mankind Pharma, Acme Generics, and Akums Drugs & Pharma are among its most important clients. Financials: In FY20-21, Supriya Lifesciences recorded a net profit of Rs 123.38 crore, up from Rs 73.37 crore the previous year. Its income also increased to Rs 396.2 crore in the current fiscal year, up from Rs 327.21 crore the previous fiscal year. It declared a net profit of Rs 65.96 crore and sales of Rs 230.06 crore for the quarter ending September 2021. The firm intends to invest Rs 92 crore in order to meet the company's capital expenditure requirements. Over Rs 60 crore would be utilised to re-pay or pre-pay some debts.

Being in your twenties is an exciting time in your life. If a person is in his 20s and financially self-sufficient, he or she can enjoy life on his or her own terms. During this stage, we begin to live alone and make our own judgments. Furthermore, because they do not have larger duties to share, young people have a strong risk-taking ability throughout this era. The 20s, on the other hand, are crucial for building a solid financial foundation in the long run. As a result, making vital decisions like taking care of one's health is critical to ensuring that one lives a better life as he or she ages. If a person is in his or her twenties and has already begun working, he or she should seriously consider purchasing a medical insurance policy. The greatest health insurance policies not only safeguard a person against medical emergencies, but also offer a variety of other advantages. Continue reading to learn about the advantages of purchasing a medical insurance policy in your twenties. Premium Amount Reduced The premium amount for a medical insurance coverage is determined by the risk involved with the purchasers. Individuals who purchase a health insurance coverage at an older age provide a bigger risk to the insurer, hence the premium amount charged to them is likewise higher. On the other hand, if a person buys a health insurance policy in his or her 20s, he or she has a reduced likelihood of filing a claim, thus the insurance companies offer him or her a cheaper premium rate. It is thus advantageous to obtain a health insurance policy in one's twenties because it allows one to benefit from a reduced premium with more insurance coverage. There's a Lower Chance of Being Rejected If a health insurance buyer has a pre-existing sickness, which is only conceivable at a later age, the insurance provider may reject his or her application. These types of situations arise when a person purchases a medical insurance policy at a later age. So, if a person buys a health plan when they are young, the chances of the plan being rejected are lower. In addition, the individual can avoid having to go through a medical test in order to secure a medical plan. Waiting Time Most health insurance plans have a 30-day waiting period during which no claims can be filed. Furthermore, the insurance provider provides various waiting periods for certain medical illnesses such as diabetes, hypertension, and other disorders. Thus, if a person buys a health insurance plan when they are young, the policy's waiting period expires much sooner than expected, and the benefits can be used when they are needed. According to insurance experts, insurance purchasers should examine the various plans given by the insurer to choose the best health insurance policy with the shortest waiting period. Choose from a Variety of Choices When applying for health insurance in your twenties, you have a better chance of being able to choose from a larger number of possibilities in terms of different sorts of coverage. Some of the greatest Mediclaim policies are intended exclusively for young customers, with far longer terms and cheaper premium rates. Young policy buyers can select the greatest health insurance coverage within their budget that meets their needs and is appropriate for them. In some situations, the insurance buyer can additionally take advantage of the policy's lifetime renewal benefit. Benefit from Taxes Another significant benefit of purchasing a health insurance plan is that the policyholder is eligible for an income tax exemption under Section 80D of the Internal Revenue Code. This benefit is available to those who enrol in a health plan while still in their twenties. Furthermore, the tax benefit provided by a health insurance policy can assist an individual in saving a significant amount of money over time and investing that money in other investment plans with the goal of achieving high long-term returns on investment. As a result, not only will you save money on taxes, but you will also be able to build a financial buffer in the long run.