About Rs 5,675 crores are also lying dormant as of 31st January, 2023 in the investor education and protection fund (IEPF), where all shares, dividends, debentures and accumulated interest that has stayed unclaimed for 7+ years are transferred.
While large-cap mutual funds, which invest 80% of their money in stable, blue-chip companies do not guarantee sky-high returns, they offer security and regularity of returns.
Experts advise taking exposure to large-cap companies by way of flexi-cap or index funds, and not simply via large-cap funds.
Arbitrage funds have become very popular in recent months. What is the reason for popularity? How do these provide more benefits to the investors? Watch this video to know more
One of the biggest drawbacks of having just a group insurance plan is the seriously limited choice of the doctors and specialist network you can avail services from. Any professionals out of this list might not be covered by the policy.
Arbitrage mutual funds make the best of the volatility in two different markets, which gives birth to the price difference of the same security in both markets. This is why they are generally considered low risk.
Know all about OPD and IPD covers!
According to the FACE-Equifax Fintech lending trends report, fintech players had disbursed digital loans amounting to Rs 92,267 crores in FY23. Even the number of loans given during FY23 rose to 71 million, a 49% YoY rise from 47.7 million loans doled out in FY22.
Leading the direct to consumer (D2C) bandwagon are full time working millennials (about 70%). About 85% of them also noted that they are going to increase their spendings in as many as 11 product categories for the remaining year.
The way to power no longer lies on the properties of the urban, upper-class, pedigreed elite. It belongs just as much to the middle-class, small-town Indian that is making its way to the top.