The move, being mulled by the Union finance ministry with the help of the Reserve Bank of India (RBI), would also help the government nudge the industry towards its target of insurance for all by 2047, these people said on the condition of anonymity. For insurers, investing in these 50-year on-tap bonds would provide them … Read more
(Bloomberg) — It’s never been more expensive to go on vacation during spring break. This year the average trip from March 12-21—determined to be the peak period for school breaks—costs $8,306. That’s more than double what it cost in 2019 and 26% more than it did last year, according to Florida-based Squaremouth, a travel insurance … Read more
Investors having demat accounts with the National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL) can now access their holdings across the two platforms in one place. On 20 February, NSDL and CDSL, in collaboration with the Securities and Exchange Board of India (Sebi), launched apps that consolidate an investor’s financial data and … Read more
Fund managers of small-cap mutual funds have invested large amount in micro capital stocks over the past one year, while they explored and capitalised on their potential, reported Business Line. ACEMF data show a considerable jump in micro-cap stock allocations within small-cap fund portfolios, rising to 31 per cent in January 2025 from 25 per … Read more
Investment word of the day: Tracking your investments is essential for understanding how your money performs over time. Skipping this practice will make it difficult to know if you’re on the right track to meet your financial goals. One effective way to measure investment growth is CAGR. What is CAGR? The Compound Annual Growth Rate, … Read more
The limit on room rent is a significant factor in a health insurance policy as exceeding it will increase your out-of-pocket expenses significantly. If a policyholder opts for a room that is above the limit set in the policy, the insurer will apply a proportional deduction, affecting not only the room rent payout but also … Read more
Banks like HDFC Bank, Axis Bank, American Express, HSBC, etc., give credit cardholders the option to transfer reward points to loyalty programs of various airlines and hotels. The loyalty points can then be used to book free flights or hotel accommodations with the respective airline or hotel group. In this article, we will understand how … Read more
If you are planning to invest in a mutual fund, then the better way to do is through an SIP (systematic investment plan) instead of lumpsum. An SIP can help you average out the cost of acquisition of mutual fund units, thus maximising your chances of earning higher returns. There are some investors, meanwhile, who … Read more
Have you recently received a lumpsum payment in the form of an annual bonus from the employer, variable pay, maturity amount from an investment, etc? Are you thinking of using it to close your personal loan? In this article, we will discuss what personal loan pre-closure is, its types, its benefits, and what factors you … Read more
India has the highest population of all the countries in the world. India also is the fastest growing economy among all the major economies. It is common knowledge that humans are the real capital of any civilization. Also Read | How can building credit history in your 20s set you up for financial success? Further, … Read more