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Large cap funds continue to bleed, shows AMFI data
Retail folios, which majorly consist of equity, hybrid and solution-oriented schemes, also registered an all-time high of 12.5 crore, as opposed to 12.3 crore the month before. The number of unique investors in the Indian mutual fund space crossed 4 crores.
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Here’s your checklist to read your health insurance policy
Check what are the inclusions and exclusions offered by your policy. Inclusions lay down all medical services and treatments covered by your policy. Some common exclusions include injuries sustained during adventure sports, cosmetic, weight-loss surgeries, unproven treatment methods and more.
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All you need to know about SEBI’s new reporting mechanism for reporting deceased
Once it has been ascertained that the investor has indeed passed away, the intermediary will permanently block all debit transactions taking place from the accounts or folios of the deceased investor on the same day. This blocking will also include all non-financial transactions as well.
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Office leasing hits record levels in India, Mumbai ranks on top
Mumbai saw the highest demand amongst all cities, with about 3.2 million sq. ft. office space leased between July-September, 2023. The city alone made up for 20% of total leasing activity across the 8 cities surveyed across India. Together with Bengaluru and Hyderabad, Mumbai accounted for 60% of all office space absorption during the previous quarter.
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Comprehensive crypto database in works, to be active by year end
Data from Financial Intelligence Unit (FIU) suggests that between 2019-21, cryptocurrencies worth Rs 28,000 crore were funneled towards financing drugs. The move is also critical, given that India has recently seen a spate of crypto scams and frauds.
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Pension guarantee on centre’s pre-election agenda
At present, 5 states namely Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have gone back to the OPS model. Starting November, Rajasthan, Madhya Pradesh, Chattisgarh, Telangana and Mizoram are slated to go to polls.
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NPS more popular in north than south
86% of those enrolled in NPS felt far more confident about their retirement as compared to 74% of those who had not joined the NPS ecosystem
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Hike guaranteed pension under APY: PFRDA asks Govt
APY largely caters to social security of India’s unorganized sector, offering them flexibility in terms of contributions. This means that one does not need to put aside a specific amount for their APY account every month.
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11 managers, tier-2 default scheme: All that’s happening with NPS
The employees will have the flexibility to continue with the default scheme account, even if they switch to a different sector. What's more, the account under tier-2 default scheme can be opened with a minimum contribution amount.
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UPI now preferred for micro-transactions
The average ticket size i.e. the average amount paid per UPI transaction has also come down from Rs 885 in January 2022 to Rs 653 in June, 2023
