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We all invest for the long term in order to build a substantial corpus for various financial goals. And during this journey, mutual fund SIPs have been the optimal instrument to use, since they offer both disciplined and regular investing through their systematic investment option. Additionally, because we are discussing equities schemes in particular, SIPs invested at different times, i.e. when markets are rising or falling, permit cost averaging. 1. Nippon India Small Cap Fund: Mutual fund plan from the house of Nippon India has Rs. 17197 crore in assets under management. The fund's cost ratio is 1.81 percent. The fund's performance is compared to that of the NIFTY Smallcap 250 TRI index. SIPs in the programme can be initiated with as little as Rs. 100, and there is a 1% exit load penalty in the event of redemption within 30 days. The fund's assets are allocated among big, mid, and small size equities, having a small cap exposure of more than 73%. Investors with a minimum investment horizon of three to four years and a strong tolerance for risk may invest in the fund. The fund beat its benchmark offering's return of 81 percent during a one-year period. Deepak Nitrite, Tube Investments, Birla Corp, Bajaj Electricals, Radico Khaitan, Navin Flourine, Orient Electric, and Balram Chini Mills are among the fund's top holdings. 2. Quant Tax Plan: This equity-linked savings programme also outperformed with an annualised return of 24.48 percent during a 10-year SIP period. The fund's corpus is heavily weighted between large and small cap stocks. Apart from capital appreciation, the fund provides income tax benefits, since investments up to Rs. 1.5 lakh may be deducted under section 80C. Bear in mind that because this is a tax plan, there is a three-year minimum lock-in period. The fund's primary holdings include L&T, RIL, ITC, SBI, Vedanta, Adani Ports, Indiabulls Real Estate, HDFC Bank, and ICICI Bank. SIPs in the fund can be started with a minimum investment of Rs. 500. The fund beat the Nifty 50 TRI in terms of returns over the previous year, generating an 80.8 percent return. 3. Kotak Small Cap Fund: This small cap fund was started in 2005 and has generated an annualised return of 18.26 percent since then. The fund's benchmark is the Nifty Small Cap 100 TRI, and its cost ratio as of October 31 is 1.96 percent. As the fund's name implies, it has a high concentration of tiny cap stocks, including Century Plyboards, Carborundum, Sheela Foam, Persistent Systems, and Galaxy Surfactants among its top holdings. SIPs in the fund can be initiated for as little as Rs. 1000. The fund's return over the last year has been 86.41 percent. 4. SBI Mutual Fund: AUM of Rs. 10626 crore as of October 31, 2021, attracts an inflow of 46% of investment in the small cap category for this SBI fund. Since its start in 2009, the fund has returned a total of 21.12 percent. Returns are compared to the S&P BSE Small Cap TRI index. Small-cap stocks make up more than six out of every ten of the investments made in equities. Carborundum, Sheela Foam, Blue Star, Hatsun Agro, Finolex, JK Cement, V-guard, Elgi, V-Mart, and Triveni Turbine are among the top 10 equities in the fund's portfolio. The fund's 1-year return was 59.95%, outperforming the benchmark's return of almost 73 percent by a wide margin. In addition, the SIP may be started for merely Rs. 500 in the plan. Furthermore, when it comes to the fund's star rating, Value Research has given it a 4-star rating. 5. Mirae Asset Emerging Blue Chip Fund: An AUM of more over Rs. 20000 crore, this is a big and mid-cap fund from Mirae Asset. The fund's expense ratio is 1.68 percent, despite the fact that it is classified as a blue-chip fund. Large and mid-cap funds make up the bulk of an investor's equity allocation. It has beaten Nifty 50 by a smidge and returned 49.09 percent in one year. SIP investments must be at least Rs. 1000, and lump-sum investments must be at least Rs. 5000 to get started. For example, ICICI Bank, InfoSys, Axis Bank and SBI are among the top 10 equities in the portfolio of the fund. TCS and Gujarat State are also included.

In order to get their pensions, retirees must file their life certificates by November 30. This can be a time-consuming process for many seniors. However, the country's largest lender, the State Bank of India (SBI), has unveiled a new tool to make the procedure easier. The SBI has established a Video Life Certificate (VLC) service, which allows retirees to schedule a video chat with SBI officials and submit their life certificates through mobile or computer devices. They will no longer need to go to the bank. Here's how to use a video conference to submit a life certificate: Pensioners can log in to www.pensionseva.sbi if their pension accounts are with SBI. Mobile phones, tablet devices with front cameras, and laptops and PCs with web cams are all good options for pensioners. Users must first pick Video LC on the website before entering their SBI pension account number. On their registered cellphone phones with the SBI pension account, they will receive an OTP (one time password). Users can proceed after entering the OTP in the supplied space. They should also read the terms and conditions before clicking 'Start Journey' to proceed. The web browser will request access to the camera's video capture, which UseRS must provide. Pensioners must have their PAN card on hand and click on the 'I Am Ready' button. Users will be asked to recite aloud a four-digit code that will be displayed on the screen by SBI employees allocated to pensioners. They will request that the elderly's PAN card be given to the camera so that the details and photo of the pensioner may be captured. If the VLC is rejected, the bank will send an SMS to the pensioner alerting them of the refusal.

The area of a property is generally measured in square feet or square metres. When looking for a home, terminology like carpet area, built-up area, and super built-up area may come up. As a buyer, these phrases may be confusing, and many people believe they are interchangeable. Although they may appear to be the same, there are significant differences between the carpet and built-up areas. Area covered by carpet: The carpet area is the area in the flat or apartment that you might cover with a carpet. The carpet area, also known as the net useable area, is the space in your home that may be utilised to lay a carpet. The thickness of the inside wall is included, however the balcony or patio is not. The carpet area is defined as the distance between the inner walls in technical terms. It will also contain a staircase only if it is located within the unit. In India, real estate developers abused these phrases by misleading customers about the actual useable area and coining elaborate terminology to create the illusion of a vast space. Following the implementation of the Real Estate (Regulation and Development) Act of 2016 (RERA), all builders must now offer flats based on the carpet area. According to RERA, an apartment's net useable floor area excludes areas covered by exterior walls, areas beneath services shafts, the balcony or verandah, and any open terrace area, but includes areas covered by the apartment's internal partition walls. The carpet area is calculated as follows: bedroom + living room + balconies + toilets – the inner wall thickness. In most circumstances, your flat's carpet area will be 70 percent of its total built-up space. If a property's built-up size is 1,500 square feet, the carpet area is approximately 1,050 square feet. The importance of the carpet area is as follows: The area estimate and the amount of room you'd get in return for the price you'd spend to buy the property are crucial. As is evident, the more space you have, the more money you'll spend. Similarly, the cheaper the cost, the smaller the room. Builders are now legally required to indicate the carpet area when measuring pricing units under RERA. While developing an under-construction project, provisions have also been created for the growth and reduction in its measurement. If the carpet area is lowered during construction, the builder is required to reimburse the extra cash to the customer within 45 days, plus yearly interest. In the event that the carpet area is increased, the developer may require the buyer to pay the difference. RERA, on the other hand, limits the growth in carpet area to a maximum of 3%. Built-Up The carpet area plus the space covered by the inner walls and the balcony make up the built-up area of your flat or apartment. The interior walls and balconies of housing flats in India account for about 30% of the total area of the building. This implies that if the developer says the unit's built-up space is 1,000 square feet, you should expect the apartment's net useable area, or carpet area, to be no more than 700 square feet. The built-up space, according to RERA, comprises the carpet area as well as any other areas that have been approved by the authorities, such as the area of the exterior and inner walls, the dry balcony area, and so on. Calculation of the built-up area: Built-up area = carpet area + wall area minus balcony and corridor. Super Built-Up The buyer must pay a monthly maintenance price for the care of numerous common places in a housing society, such as the hallway, lift lobby, elevator, and so on. At the time of purchase, upkeep is a proportionate percentage of these areas. To get to the super built-up area, builders often employ the loading factor – developed areas not exclusively dedicated to the buyer – on the carpet area. In certain situations, builders put facilities in the common area, such as pools, gardens, and clubhouses. Builders routinely utilised the super-built-up area as the space measurement unit before RERA made it essential for them to sell flats based on the carpet area, to take advantage of the lack of clarity on space computation. They were able to reduce the property's per sq. ft. cost by using super built-up area as a measurement unit. It also provided the purchasers the misleading idea that they were purchasing a vast property when they were not. Built-up area + proportional common area = Super built-up area. It's the distinction between your flat's very built-up and carpeted areas. It's utilised to add built-in areas that aren't specifically assigned to you. It comprises common features like as elevators, lobbies, stairwells, and amenities, as well as a portion of your terrace or balcony. The loading factor of 1.20 indicates that your builder has increased the carpet area by 20%. The loading factor will be low if the residential complex does not have numerous facilities. In the majority of circumstances, a loading factor of 1.30 is adequate. Always inquire about the carpet area of the property and negotiate the price based on this amount as a buyer. Always evaluate the price per square foot on the carpet surface, not the built-up or super built-up area, when comparing different projects or properties. When compared to the current costs in the region, this will verify that your comparison is accurate and that the offered price is proper and appropriate.

A salary account is similar to a standard savings account in that it is a form of savings account. Read on to learn about some of the most significant distinctions between the two. With a savings account, most individuals are exposed to the world of banking and money. Similarly, opening a pay account is typically the initial step in beginning a career as a paid employee. While a salary account is a form of savings account, it is not the same as a traditional savings account. There are several substantial distinctions between these accounts, ranging from the perks, purpose, and balance requirements to who is eligible to create the account. The following are some of the most significant distinctions between the two: 1. The Goal of the Account An employer or a paid employee will often create a salary account to deposit or receive monthly wages. Employers have agreements with particular banks to create pay accounts for their employees. When an employee is employed, the employer usually sets up a pay account for him or her. A savings account, on the other hand, is a bank account into which people can put their money. Its main goal is to encourage people to save money and make it easier for them to manage their finances. 2. Requirements for a Minimum Balance There are usually no minimum balance restrictions for a salary account. As a result, an employee's whole income in the salary account can be taken without fear of a minimum balance restriction or penalty. In most private banks, you are required to have a certain minimum amount in your savings account. The bank may penalise the account holder if the account balance falls below the minimum level. 3. Convertibility of Accounts If no salary is credited for a particular length of time, a salary account is automatically turned into an ordinary savings account (generally 3 months). When the account is converted to a standard savings account, the account holder is expected to maintain a minimum amount in accordance with the bank's terms and conditions. If the bank allows it, you can convert your savings account to a salary account. If you have a savings account with a bank and your new company has a relationship with the same bank, your ordinary savings account might be converted to a salary account. 4. Interest Rates and Account Openin As previously stated, a salary account is formed in a bank that is empanelled with the firm by either the employer or an employee. A ordinary savings account, on the other hand, can be opened by anybody. These are both interest-bearing accounts. In most banks, the interest rate on both a pay account and a savings account is normally the same. Most banks, on the other hand, now provide a variety of pay and savings accounts to better fulfil the demands of their consumers. Interest rates varies across banks and even between different types of salary/savings accounts provided by the same institution. Is it Necessary to Have a Salary and a Savings Account? The majority of people have a salary account and a savings account. The salary account is where they get their pay, while the savings account is where they save and manage their day-to-day costs. Salary and savings accounts might be in the same or distinct banks for paid employees. Before picking a bank for your account, make sure you check the interest rate and other characteristics attentively.

Google has announced that the 'Hinglish' language choice will soon be available in its payment app, GooglePay. A conversational combination of Hindi and English is referred to as Hinglish. This is an attempt, according to the tech giant, to make app interactions more "intuitive and natural." Bill Split would also be available on the payments app. The app's name implies that users would divide and share their spending. In addition, a speech-to-text feature will be added to the payment app soon. The user would be able to make payments using Hindi or English voice instructions. "They may speak account numbers into the app in Hindi or English to enter the account number, which is then checked with the sender before initiating the payment," according to the internet giant's blog. Google said the improvements will be available in the coming months without giving a particular date.