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Decoding the OPD in health insurance policy
You cannot claim the entire sum insured for your OPD expenses. Policies have a sub-limit or a ceiling under this head, which specifies how much of the total SI you can demand as OPD expenses.
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Are you a celebrity? ASCI will decide
The circular places the obligation of due diligence before endorsing a product. Any testimonials or opinions made during such endorsement such be genuine, stemming from their own experience.
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Investors throng to passive funds
According to the report, since 2018, the assets under management (AUM) has grown at a CAGR of 54%. From Rs 83,000 crores in FY18, the segment jumped 8.5x in about 5 years, standing at around Rs 7 lakh crores.
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Stay away from stress of tax and financial planning, all at once
For most of us, retirement might seem like a far cry. But if you start saving for your twilight years right away, not only will you benefit then, but you will also save a great deal on your taxes right now.
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SIPs still the favourites, rake in Rs 15k cr in July
Passive funds, particularly Index funds made a stellar comeback after a red quarter. Index funds saw outflows worth Rs 905.74 crores in June 2023, but registered greens worth Rs 1,179 crores last month.
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Credit card defaults on the rise. Is it time to ring the alarm?
While it is easy to obtain and recklessly use a credit card, it is just as easy to spiral into an endless debt trap. Moreover, India has one of the highest APRs and penal charges in the world, at about 48%.
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Moonlighting? Don’t try to escape I-T’s tax flash
In your ITR, if you file your moonlighting monies under the head “Income from business and profession”, you are marking it as fees for the professional services you’ve delivered.
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Old loans, revolving credit haunt SBI Cards
The bank’s proportion of revolving creditors i.e. those who carry forward their pending balances instead of paying them off completely has been stagnant at 24% since 2022. The figure stood unmoved even in Q1 FY24 i.e. between January and March 2023.
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ESG funds yet to catch investors fancy
Though the S&P BSE 100 Index has delivered 13.34% over a 1-year period, retail investors are yet to completely warm up to it. A Morningstar report noted that AUM under ESG funds declined by Rs 2,020 crores in FY 22-23.
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NSE mulls longer trading hours, small traders to be impacted most
If approved, these timings would be extended to NSEs derivatives market. Currently, the market operates between 9 am to 4 pm.
