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Introduction Flexi-cap funds are mutual funds which invest in companies across the breadth of the stock market irrespective of the market capitalisation of the company, unlike large-cap, mid-cap or small-cap funds they are not restricted to companies of a particular size. Further under law they are mandated to have minimum investment in equity & equity related instruments aggregating to 65% of total asset Flexi-Cap Fund: What You Need to Know Flexi-cap funds may invest in any business, regardless of its market capitalization, unlike mid-cap or small-cap funds, which focus on equities depending on their market capitalization. No matter how big or small a company is, the fund manager looks for growth potential and makes investments in a variety of different market areas and firms. Factors to Take into Account The fund manager has the option to change the allocation of the funds based on the performance of various firms and sectors. Fund managers can shift their allocations to a better-performing market segment, for example, if they find that a specific market segment in which they had invested has become unappealing over time. This provides investors the opportunity to invest in the best-performing stocks while also having the flexibility to get out if the stock isn't performing well. A company's market capitalization affects which mutual funds invest in it, a large-cap fund cannot invest in a small company no matter how good the opportunity is, however, flexi-cap funds are free from such restrictions and can invest in any company.

Introduction The stock market is in a way represented by the Sensex and the Nifty indices. Individual investors' portfolios and the stock market's overall trend are all measured against these standards. What does the Sensex stand for? In the stock market, Sensex stands for Sensitive and Index It is a measure of the performance of the BSE index. Thirty businesses make up the Sensex, and they are selected based on liquidity, market capitalization, revenue, and corporate diversification. A firm must also be listed on the BSE in order to be included in the Sensex. It's one of the country's oldest indices, and many look to it as a gauge of market health and a window into Indian economic conditions. It serves as a yardstick by which to measure changes in the Indian economy and industry, as well as the general direction of the stock market. The top 30 stocks on BSE are included in the Sensex index. The index's value fluctuates in response to changes in the underlying securities' prices. Most of the stocks' prices rising causes the Sensex's value to rise. However, a drop in the index's value is attributable to the falling prices of the majority of underlying assets. What does Nifty stand for? Nifty, like the Sensex, is a stock market index. Nifty is NSE's mascot. T Similarly, the Nifty 50 is a benchmark index made up of the NSE's top 50 firms. The Nifty 50's top 50 equities represent 12 distinct industry groups. Consumer products, financial services, vehicles, and telecommunications are just a few examples. The stock must be listed on the NSE and be an Indian company to qualify as a domestic one. So, what exactly does an Index like Nifty or Sensex does? In the financial markets, an index measures the performance of a group of securities. The securities in this portfolio represent the whole market as a whole. Stocks considered for inclusion in an index are those with the highest market capitalization or similar metrics. The value of the index fluctuates in response to changes in the underlying securities' prices. Due to the fact that the index reflects the whole market, changes in the index value have an impact on the value of unlisted firms as well as other financial items, such as commodities. Economic variables such as inflation and interest rates are also measured using indices. They serve as a yardstick for evaluating the performance of a portfolio. Investors can assess the performance of their portfolios by comparing it to the benchmark and, if necessary, making adjustments. The Nifty 50 and the BSE Sensex are the most widely followed indices in India. Index performance is influenced by a number of different variables The status of the stock market often mirrors the economy. When the economy is sluggish, the stock market generally follows suit. Beneficial for those who are just getting started Because the stock market is so volatile, investors must exercise extreme caution. The market indexes serve as an excellent starting point for new investors who may not be familiar with market dynamics. Beginners who are investing on their own without the assistance of a financial advisor might use an index to keep track of their investments and invest accordingly. Option for investing passively Investing in an index is a quick and easy way to make sure you're getting into the top companies. This is a form of investment in which you aren't actively involved. Prior to making an individual investment in each company, the investor does not have to conduct extensive study or analysis on any of them. They can invest in an index fund that replicates the benchmark index with just a single click of the mouse.

Situations of health People with health problems will have to pay a greater premium than those who are not on any medicines. This is mostly due to the fact that those who are already afflicted with certain ailments have a higher likelihood of filing a claim. Habits of life People who habitually smoke and drink have an increased risk of developing life-threatening diseases. If you fall into this category, you'll have to pay a larger premium, often up to 50% greater than usual. Age The age of the policyholder is one of the most important factors in determining premiums. Because you are regarded to be at lower health risks while you are young, the cost of an insurance is lower when purchased at a young age. Young people are also likely to enjoy longer policy coverage and premium payment terms, resulting in higher revenue for insurers and lower premiums for young customers. Gender In the realm of insurance, premiums differ based on gender. In comparison to a male with the same profile and conditions, a female policyholder will be obliged to pay a lower premium. This is primarily due to the perception that men are more vulnerable and have a shorter life expectancy. Period of the Policy The lower the premium, the longer the policy is in effect. A long-term policy assures a steady stream of premiums for an insurance provider, which is why policies with longer coverage cost less. Occupation You will be paid a greater premium if you work in a high-risk business like construction, mining, or shipping. People who work in offices would pay a lower premium because they are less likely to be involved in an accident at work. History of the family Diabetes, for example, is seen as a hereditary disease. As a result, those with a family history of such diseases may be requested to pay a greater premium than others Term of Premium Payment When compared to those who pay the premium bi-annually, quarterly, or monthly, those who pay the premium annually save money. Annual payments save insurers regular administrative costs, allowing them to charge a lower rate than quarterly or monthly instalments. .

One of the finest investment options for building a retirement fund is the government-backed National Pension Scheme. The Pension Fund Regulatory and Development Authority (PFRDA) administers the NPS, which provides subscribers with tax benefits. When compared to other assets in the category, NPS has a few attractive advantages. Individual deposits are pooled into a pension fund, which is then invested by PFRDA-regulated professional fund managers into diverse portfolios of Government Bonds, Bills, Corporate Debentures, and Shares, according to authorised investment criteria. Depending on the profits on the investment, these contributions would grow and accrue over time. Subscribers may use the accumulated pension wealth under the scheme to acquire a life annuity from a PFRDA-approved Life Insurance Company, as well as withdraw a portion of the accumulated pension wealth as a lump-sum if they wish, at the time of their exit from the programme. NPS Triple income tax Benefits: Section 80CCD (1): An individual's self-contributions to the NPS Tier-I account are eligible for a tax credit under section 80CCD (1). Currently, an individual can claim a tax benefit on a maximum self-contribution of Rs 1.5 lakh to a Tier-I NPS account in a financial year. Up to Rs 1.5 lakh in deposits can be claimed as a deduction from gross total income. It's worth noting that this deduction is limited by section 80C of the Internal Revenue Code. Sections 80C, 80CCC, and 80CCD of the Income Tax Act enable a maximum deduction of Rs 1.5 lakh (1). Section 80CCD (2): An individual can claim a tax credit under Section 80CCD (2) if their employer deposits money in their NPS Tier-I account on their behalf. According to current tax legislation, the employer can contribute up to 10% of the employee's salary to the NPS Tier-I account. The term "salary" refers to both the basic wage and the dearness allowance (DA). There is no limit to the amount that can be deposited as long as it does not exceed 10% of the total. The employer's deposit can be claimed as a deduction from gross total income before tax. This section provides a tax credit in addition to Section 80CCD (1). Section 80CCD (1b): An individual can claim a tax deduction of up to Rs 50,000 every financial year under this section. This additional deduction was implemented in the 2015-16 fiscal year. What this means for investors: The additional tax benefit of Rs 50,000 is in addition to the tax breaks under sections 80CCD (1) and 80CCD (2). How Investors Can Benefit? Currently, NPS is not totally tax-exempt. However, under Sections 80CCD (1) and 80CCD (2), one can claim a deduction for contributions paid to an NPS account (1B). The income earned during the account's lifetime is also tax-free. In the year in which the annuity is received, it is completely taxable. Employer contributions to your NPS account are tax-free up to 10% of your pay, subject to a combined annual cap of Rs 7.50 lakhs for NPS, Provident Fund, and Superannuation contributions made by the employer. Even if your employer does not offer an NPS, you can still open one and claim a deduction for contributions paid to your NPS account up to Rs 1.50 lakhs under Section 80CCD(1) of the Income Tax Act, as well as other qualified items under Section 80 C. Furthermore, above and beyond Rs 1.50 lakhs, you can claim an exclusive deduction of Rs 50,000 under Section 80 CCD(1B) for contributions made to your NPS account.

Taxes, as well as changes in tax rates, are inescapable. Changes in tax rates can wreak havoc on your long-term financial goals. Following calls from the banking industry for tax parity between bank fixed deposits (FDs) and debt mutual funds, the holding period for long-term capital gains for non-equity funds was increased from 12 to 36 months. After mutual funds demanded an equal playing field, the tax was imposed on ULIPs with yearly contributions of more than Rs 2.5 lakh. Due to the government's economic stress, it is quite possible that tax rates will be revised, and the latter would wish to include additional investment items in the taxing scope. There is no tax on the death benefit of insurance policies in India, as is the case around the world, but the government has lately imposed a levy on ULIPs with annual maturity premiums of more than Rs 2.5 lakh. Experts say it's not out of the question that traditional plans may be added to the list in the future years. Banks continue to advocate for favourable terms in the form of indexation benefits for debt funds. Because capital gains are designed to be taxed on the wealthy, long-term capital gains on all products may rise in the future. When it comes to implementing tax changes, the grandfathering provision comes to the rescue. Long Term Capital Gains (LTCG) of 10% on stocks is only applicable to investments made after January 31, 2018. From April 1, 2021, the new tax on EPF interest will be limited to amounts invested exceeding Rs 2.5 lakh per annum. Additionally, the amount invested in ULIPs before to the deadline will be exempt from this tax. There have been instances where grandfathering has been disregarded. The concept of a long-term debt fund, for example, was changed from one year to three years without grandfathering. As a result, investors who invested in a one-year debt FMP were taxed. Instead of paying long-term capital gains, they had to pay short-term capital gains. Maximize the current tax system: Concerns about prospective tax increases should not stop investors from taking advantage of the current tax system. This year, money saved in taxes equates to money earned. The Rs 1.5 lakh limit in 80C must be used by taxpayers. Savings for long-term purposes, for example, should be done through tax savings plans rather of traditional equity plans. While both produce the same returns, the tax benefits make ELSS a far better choice. After deducting the tax savings, the true ELSS returns are amplified. Instead of holding cash, taxpayers should consider investing in FDs that provide 80C benefits or small savings plans like PPF. Similarly, investors can deduct Rs 50,000 from their NPS contributions under Section 80CCD (1B). Because of its low-cost structure, NPS tends to provide higher returns. Other problems, like as the long-in term till retirement, are mitigated by additional tax benefits and returns. LTCG is also free for profits up to Rs 1 lakh per year. As a result, investors should not book more than Rs 1 lakh in long-term capital gains each year, or they risk losing money if the government reinstates the tax-free status. Defer tax payments: The compounding effect of wealth makes delaying taxes a strong case. By limiting investments in accrual assets such as FDs and mutual funds, which are taxed on unit sales. Because India has an inheritance tax, such assets can be transferred to legitimate heirs later to avoid paying the tax. However, India used to have an inheritance tax known as estate duty, which could be reinstated in the future.

In today's digital age, fast loan disbursements have become the new standard. Fintech firms have grown significantly in recent years, particularly during the epidemic, when individuals acclimated to digital money transactions faster than ever before. Furthermore, an increasing number of people educated themselves and obtained loans from banks and NBFCs for various reasons. The nice thing about online loans is that there are a myriad of options available, and borrowers can quickly compare the interest rates offered by various fintech companies. Another significant benefit of obtaining online loans is that the process is more streamlined, with less paperwork, and gives the convenience of at-home service. You can also select from a wide range of loans such as personal loans, medical loans, travel loans, home loans, automotive loans, and much more. While the loan procurement process has been made digital and streamlined, it is still vital to be aware of some important rules in order to get the most out of your loan provider. Check to See if the Fintech Platform Is Genuine- A digital lending platform can take many different shapes. It could, for example, be an independent lending platform registered as an NBFC, a bank, or an organisation in collaboration with a bank or an NBFC. The objective here is to ensure that the lending entity is registered as an NBFC. You can get a loan from a bank, an NBFC, or a company that works with one of the two. For a borrower, these are safe and secure solutions. If you come across a lending platform that does not publish its NBFC licence number on its website, you should avoid it. No matter how appealing the loan offers or interest rates are, these are not secure solutions for you. Also, make sure your bank/NBFC is registered with the central bank or state-level authorities, as they are the ones that grant these businesses the licence to offer digital loans. If you cannot locate an authentic platform based on these two very important criteria, you should avoid sharing your personal information and bank details with them online. An Approval of a Loan Without a Know-Your-Customer (KYC) Process: We have all been linked to an identity card that serves as an official document of our identity since the Aadhaar was launched in the country. To guarantee that transparency is maintained on both ends, all respectable lending platforms examine your Aadhaar details and do an online KYC. As a result, if a digital platform offers you a loan without requiring you to provide KYC, this is incorrect, and there's a good probability it's a scam that might result in identity theft or financial fraud, resulting in significant losses. It is best to stay away from platforms that do not do a KYC before disbursing a loan. Hidden Charges Needs to be Avoided: Some digital lending sites tack on extra fees to your loan, such as late filing fees for late instalment payments. Some lenders utilise unethical methods to manipulate interest rates, putting the borrower under unnecessary financial strain. Late submission fees are a common ruse in which consumers are duped into paying an extra 2% to 3% for no reason. As a result, be cautious while taking out loans and study the documents thoroughly. Please take the time to read the documents thoroughly: It is critical to examine the offer materials, which include the plan tenor, interest rates, and loan policy terms and circumstances. This is the most effective strategy to avoid scams, unwanted issues, and expenses.

It's critical to know what your health insurance coverage includes. Medical demands and illnesses are addressed differently by various policies. Health insurance may be roughly described as a type of insurance that offers coverage in the form of cash for medical and surgical expenditures paid by the insured individual. Choosing the appropriate health insurance coverage may be difficult, and you should always think about a variety of things before investing in one. These criteria include, but are not limited to, the current waiting time, insurance tenure, insured persons, and covered medical conditions. Add Ons Explained Add-ons,  are paid extra coverage that expands the scope of an insurance policy in  simplest form. Add-ons can be acquired when the insurance is purchased for the first time or on its renewal. Add-ons such as those listed below are worth adding to your health insurance. Alternative Treatments - Ayurveda, and Homeopathy are some of the most popular alternative treatments. Alternative treatment add-on  allows you to get coverage for non-traditional treatments like these. Domiciliary Care Add On -If you ever require nursing care at home, you will be entitled to a specific level of coverage for a specified period of time if you have a domiciliary care add. Sum Covered Add On - In this case, you have the option to change or raise the amount insured under their original policy. Day Care Procedures Add On- This Add On permits you to get reimbursement for medical expenditures incurred as a result of most day care procedures and operations performed within a hospital when the patient is hospitalised for less than 24 hours. Pre and Post Hospital Expenditures  Add On - If you, as a, anticipate being admitted you can expect to spend a variety of expenses both before and after your admission. This top-up covers these expenses. Organ Donor Add On- This add-on covers expenditures related to receiving an organ specifically pertaining to organ donor's hospitalisation,

A home loan is a significant financial commitment, and any chance to save your hard-earned money should be seized as soon as possible. A Home Loan Balance Transfer is one option to save money on your home loan interest. A home loan balance transfer is a process that allows you to move your home loan from one lender to another. Interest makes up a large portion of your Home Loan payments, and if the interest rate is decreased, you may save a significant amount of money on interest. Thus, if there are alternative lenders prepared to give a low-interest Home Loan, you should seriously consider switching your Home Loan. What is the procedure for moving your home loan quickly? Let's take a look at the procedure of moving a home loan balance. The first step is to locate a banking institution. The first step in the balance transfer procedure is to find a new lender that will provide you with a Home Loan at a reduced rate of interest. Along with this, you should look into what additional services or perks you could get if you transfer. Second step: Fill out an application for a loan. You can apply for a Home Loan with the new lender once your old lender accepts your application for a Home Loan Balance Transfer. Borrowers can start the process of transferring their home loan balances either offline or online. Third step: Submit the necessary paperwork to the new lender. Your basic KYC papers, a list of documents from your current lender, property papers, Loan Amount Statements and Payment Statements, as well as a completed application form are all included. These documents must be sent to the new lender. Fourth step:: Repayment of a previous debt Wait for final confirmation from your previous lender that your Loan Account has been closed once you've started the procedure with your new lender. The final confirmation means that your loan contract, as well as any stipulations associated with it, has come to an end. Last step:: Negotiate a new loan with a new lender. You can sign the new loan contract with the new lender after the loan is closed. While you're at it, check over the loan transfer contract contents to make sure you're aware of any important information or fees.

Prime Minister Narendra Modi introduced e-RUPI, a cashless and contactless person- and purpose-specific digital payment system. E-RUPI: It is a QR code or SMS string-based e-voucher that is sent to the beneficiaries' mobile phones. Users of this seamless one-time payment mechanism will be able to redeem the voucher at the service provider without the usage of a card, digital payments app, or internet banking access. It was created by India's National Payments Corporation in partnership with the Ministry of Finance, the Ministry of Health, and the National Health Authority. E-RUPI Vouchers Usage: These vouchers are similar to e-gift cards in that they are prepaid. The cards' codes can be exchanged via SMS or via the OR code. These e-vouchers will be tailored to each individual and their intended use. These coupons can be used by anyone who does not have a bank account, a digital payment app, or a smartphone. These coupons will primarily be used for medical expenses. These coupons can be given to employees by companies. The following is a list of banks that have implemented e-RUPI: InfrasoftTech helps banks establish an e-RUPI technology stack by assisting them with everything from integration with existing systems to deployment to their target beneficiaries. According to NPCI, it is now working with two of the 11 live banks. It will soon add more customer banks with e-RUPI capabilities. Punjab National Bank and Bank of Baroda are the two banks.

In order to rationalise tax exemption for employees with higher income levels, it is proposed to limit tax exemption for interest income received on employees' contributions to various provident funds to a yearly contribution of Rs 2.5 lakh, according to the highlights of Budget 2021. Only contributions made on or after April 1, 2021 will be subject to this restriction. The Central Board of Direct Taxes (CBDT) has issued the Income-tax (25th Amendment) Rules, 2021 as a result of this. These regulations will go into effect on April 1, 2022. In FY 2021-22, you'll have to pay tax on the interest earned on surplus contributions, and you'll have to report it on your income tax return in subsequent years. Employees in the private sector are free from the Rs 2.5 lakh restriction. The applicable threshold for government employees is Rs 5 lakh, which means that if EPF and VPF contributions exceed Rs 5 lakh in a fiscal year, interest received would be taxed. The two PF accounts will maintain track of taxable and non-taxable contributions simultaneously to make it easier for the taxpayer to calculate. The non-taxable account will be made up of the total balance of your PF account on March 31, 2021, contributions made within the stipulated threshold in 2021-22 and following years, and interest received, according to the notification. The regulation will go into force in fiscal year 2021-22, therefore contributions made before March 31, 2021 will be tax-free. CBDT has stated in its notification that: (a) The Non-taxable contribution account is made up of the following items: 1. The account's closing balance as of March 31, 2021; 2. Any contribution made by the account holder during the fiscal years 2021-2022 and following fiscal years that is not included in the taxable contribution account 3. Interest earned under clauses (i) and (ii), as reduced by any withdrawals made from the account (b) The total of the following shall be used to calculate the taxable contribution account: 1. Contribution in excess of the threshold limit made by the person in a prior year in the account during the previous year 2021-2022 and following previous years. 2. interest earned under subclause (i) as reduced by any withdrawals made from the account (c) Threshold limit: 1. If the second proviso to clause (11) or clause (12) of section 10 applies, the amount is five lakh rupees. 2. In other circumstances, the amount is between two lakh and fifty thousand rupees.

After the government extended the deadline from September 30, 2021 to March 31, 2022, Aadhaar linking with PAN is now possible till March 31, 2022. In light of the problems individuals are facing as a result of the coronavirus epidemic, the I-T department extended the deadline for connecting PAN-Aadhaar from March 31 to September 30 earlier this year. If a person fails to link their PAN card to their Aadhaar card, it will become inactive. If your PAN card stops working, you won't be able to perform financial activities that need you to provide PAN. According to a CBDT regulation dated February 20, 2021, once the PAN is connected to Aadhaar, it would become operational again from the day the PAN is linked to Aadhaar.