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Common servicing platform for MFs: What it means for you
Market regulator Sebi wants the mutual fund industry to create a common servicing platform. Once created, the platform will help investors execute non-financial service requests in a simple manner across asset management companies (AMCs) where they have MF schemes running. “The way KYC process is centralized for AMCs, post-investment service requests will also be […]
Aprajita SharmaJuly 28, 2021/8:23 PM IST -
What are tax-free bonds, and how can one invest in tax-free bonds?
The most appealing aspect, as the name implies, is the absolute tax exemption on interest under Section 10 of the Income Tax Act of India, 1961
Himali PatelJuly 28, 2021/7:45 PM IST -
Account holders to get Rs 5 lakh insurance on bank deposits within 90 days of moratorium
Once the Bill becomes law, it will provide immediate relief to thousands of depositors, who had their money parked in stressed lenders
Money9July 28, 2021/7:31 PM IST -
DSP’s old fund offering: Should you invest?
Investors should not invest in this fund if their investment horizon is less than five years, as they can witness negative or less than FD returns
Himali PatelJuly 28, 2021/6:59 PM IST -
A complete guide for home-makers to become financially independent
According to the 2011 Indian census, household work was the main occupation of nearly 160 million women in India
Noopur PraveenJuly 28, 2021/6:32 PM IST -
Nestle India Q2 net up 11% to Rs 539 crore, revenue jumps 14%
Revenue from operations for Q2CY21 came in at Rs 3,476.7 crore as against Rs 3,050.48 crore
Harsh ChauhanJuly 28, 2021/6:16 PM IST -
How to handle inactive bank accounts
Even after your account turns inactive or dormant, interest, if any, will be credited to your savings account regularly
Ankur SenguptaJuly 28, 2021/6:08 PM IST -
Explained: Partial withdrawal from life insurance policy
While partial withdrawals can come in handy when trying to meet short-term financial goals/needs, this facility needs to be used judiciously
Noopur PraveenJuly 28, 2021/6:06 PM IST -
IDBI Bank posts 4-fold jump in profit to Rs 603 crore in Q1
IDBI Bank's asset quality improved with gross NPAs falling to 22.71% of the gross advances as of June 30, 2021 from 26.81% by June 2020
Money9July 28, 2021/6:02 PM IST
