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This LIC life insurance policy launched in February 2024 was withdrawn on April 1: Check surrender rules
LIC Dhan Vriddhi plan provides financial support for the family in case of unfortunate death of the life assured during the policy term. It also provides a guaranteed lump sum amount on the date of maturity to the life assured.
How does an investor benefit by using STP?
To start an STP, you need to put in a lump sum amount in a debt scheme (liquid or ultra-short-term fund) and transfer a predefined amount into another scheme, typically an equity fund.
Race for AI isn't zero-sum, says Amazon cloud boss
As Google races with Microsoft and OpenAI to create world-changing generative artificial intelligence, some critics see Amazon as lagging behind. Microsoft and Google compete with their in-house, AI-infused digital assistants to help with creating content -- emails, presentations, ads -- and applications (especially chatbots).
No need to stagger investment; put in lump sum in some of the hybrid strategies: Lakshmi Iyer
Lakshmi Iyer suggests strategies for lump sum investments in equity and debt portfolios, emphasizing largecap skew in equity allocation. Discusses concerns about inflation, bond yields, and foreign investors anchoring bond yields. She points out that after 20 years, we are seeing the future price of copper trade about $100 higher. It is in some sort of a contango mode. The seasonality of food prices will continue to weigh on sentiments from every central banker perspective and hence the plateauing or an extended pause seems to be the way out for rates.
HDFC Ergo Paws n Claws pet insurance cover: Who can purchase, what is covered, what is not, premium, duration
HDFC ERGO's Paws n Claws offers end-to-end pet care, encompassing everything from diagnostics to procedures and medications, guaranteeing thorough coverage. The cover extends the flexibility to insure up to 5 pets under a single policy, with a provision for commercial breeders who can insure up to 10 pets aged between six months to five years, and renew the policy for up to 8 years.
ICICI Pru MF also stops lump sum flows into mid & small-cap schemes
Earlier, Nippon, Tata and SBI MFs put restrictions on lump sum investments in their small-cap schemes, as high valuations and strong flows make it challenging for fund managers to deploy money. But ICICI will be the first fund house to restrict lump sum investments in a mid-cap fund.
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For a demerged Tata Motors, sum of parts will be greater than the whole
Under Tata Sons Chairman N Chandrasekaran, the conglomerate plans to halve the number of listed companies. Tata Motors is demerging into two separate entities for commercial vehicles and passenger vehicles to make the governance and management of group companies lighter and more effective.
ETMarkets Fund Manager Talk: Despite upbeat domestic outlook, why does this fund manager see markets correcting 5-8%?
Neeraj Gaurh of Axis Securities advises investors to balance market excitement with geopolitical risks. Markets may correct 5-8%, but investors can deploy lump sum investments in good stock ideas when they have valuation comfort, when growth is accelerating, or when RoEs are improving.. Cyclicals are driving earnings growth, and banking underperformance may reverse when liquidity conditions improve.
Peace accord with ULFA nothing but a summing up on the ongoing schemes and projects in state: Prabajan Virodhi Manch
Prabajan Virodhi Manch (PVM) has criticized the peace accord between the United Liberation Front of Asom (ULFA) and the Indian government. The ULFA accord, which includes an investment of 1.85 lakh crore, is merely a summary of ongoing schemes and projects in the state. The NGOs argue that the promises made, such as economic, forest, and land rights, are left to the discretion of the government and reveal a wrongful application of the law regarding non-representation of voters (NRC) and voting.
Santa rally is going to continue into next year; telling clients to invest lump sum: Dinshaw Irani
Dinshaw Irani says: “Coming to valuations if you look at the last six- or seven-year averages, we are not too far away from this. We are not too concerned, at least in the immediate six-seven months as such, but our one strong belief is it is going to be a largecap rally, driven by largecaps rather than small and midcaps given that the valuations there look fairly frothy.”
NPS new rule: With systematic lump sum withdrawal, will returns from NPS be tax-free till age of 75?
NPS systematic lump sum withdrawal: After the latest changes, NPS investors will now have the option to withdraw 60% of their retirement corpus either as a lump sum at once or they can get paid in a phased manner through the systematic lump-sum withdrawal facility post-retirement. If you are planning to opt for a systematic lump-sum withdrawal of your NPS corpus at the time of retirement, you must know how it works and will be taxed. Read on to find out.
Will new NPS systematic lump sum withdrawal (SLW) option help you during retirement? Here’s how to decide
PFRDA has now introduced phased withdrawal of the lump-sum part of the maturity amount of your NPS corpus at the time of retirement. NPS subscribers can now either opt for a lump- sum withdrawal or make periodic withdrawals (systematic lump-sum withdrawal or SLW) from their corpus. Should you opt for new SLW option or stay away? How will it help to achieve your retirement goals. Read here to find out
1% of sum insured as weekly income for 2 years, coverage for coma, 6 key features you must have in accidental policy
Many times trauma caused by an accident may require very costly treatment for a prolonged period where a comprehensive health policy with limited sum insured may fall well short in meeting the entire expenses. Taking care of household becomes difficult and many people often end up spending their savings built over many years or have to sell their assets or at worst have to resort to big debt. This is where an accidental policy helps you afford a costly treatment and taking care of household expenses as well.
Investors pull record sums from Saudi in Middle East fund flight
The iShares MSCI Saudi Arabia ETF saw record net outflows in October of more than $200 million, LSEG data shows, cutting 20% from what it held at the beginning of the month. Exchange traded funds (ETFs) providing exposure to stocks in Qatar, the UAE and Israel also suffered outflows, with investors worried about instability, and flows have been muted this month.
Edelweiss IPO Fund restricts lump sum investments
"In thematic funds, investors often enter at the wrong time and often join after a period of high returns and get disappointed. With this move, we want to encourage investors to invest systematically and even out volatility," said Radhika Gupta, CEO of Edelweiss Mutual Fund.
NPS withdrawal rule change: Soon opt for phased withdrawal using Systematic Lumpsum Withdrawal facility
The Pension Fund Regulatory and Development Authority (PFRDA) proposed to provide the option of phased withdrawal of the lump sum through Systematic Lump Sum Withdrawal (SLW) facility.
LIC policy: Put Rs 296 per day in this insurance policy and get Rs 60 lakh at maturity; check details
LIC Jeevan Labh offers a lump sum payment at maturity for the surviving policyholder and financial support for the family of the deceased policyholder in the terrible event of the policyholder's passing before maturity.
North Carolina Lottery winner chooses $390,000 lump sum over $25,000 for life
Shipley made a trip to the North Carolina Lottery headquarters, where a life-changing decision lay before him. There, he faced a significant choice: the first option was to receive a yearly payment of $25,000 for the rest of his life, while the second option was a tempting lump sum of $390,000.
Deryck Whibley of Sum 41 hospitalized with pneumonia. See how is he now
Sum 41's Deryck Whibley, hospitalized for pneumonia, is recovering. His wife, Ariana, shared their hospital ordeal, expressing concerns about his heart. Despite past health challenges, Deryck is improving, no longer in severe pain, and is under family care.
Shun lumpsums in mid, small cap funds
In the past six months, the Nifty 50 has moved up by 15.5%, while the Nifty Microcap 250 has jumped 57%. The Nifty Smallcap 250 and Nifty Midcap 150 have gained 39% and 35%, respectively.
The Little Mermaid’s SFX artist injured on set; Disney sued for huge sum
The Little Mermaid released in May 2023 in theaters worldwide and the widely popular movie is soon to be released on the digital platform.
Success during elections is sum of smaller parties
In the run up to the 2024 Lok Sabha polls, smaller parties are in big demand, putting them in a negotiating position, whether it is with the BJP-led National Democratic Alliance NDA or the Opposition's United Progressive Alliance. These parties had won less than 10 seats in the 2019 Lok Sabha elections, with some drawing a blank. But their hold on some vote banks is what makes them attractive.
What are the risks associated with small cap funds?
The best opportunity to put money in small cap funds would be when they are ignored by the majority in the market, financial planners recommend a systematic investment plan (SIP) in these products to reduce risks.
Hong Kong's hotel for the dead; booking cost $58,000
Hong Kong one of the world's most populous cities with 7.3 million residents has started a 12-storey hotel for the dead. The Shan Sum columbarium opened last month with plans to eventually offer 23,000 niches for funeral urns, part of the government's decade-long effort to bring in private companies to ease pressure on the deathcare sector.
Ed Sheeran wrote seven songs in four hours, wife reveals in documentary 'The Sum of It All'
In "The Sum of It All" documentary, Ed Sheeran's wife, Cherry Seaborn, revealed that he wrote seven songs in four hours after her cancer diagnosis.
Six reasons new insurer can reject you while porting health insurance cover
People mistakenly think that they don’t need to update their medical history during porting as it’s not a new policy, just a switch. This can be a reason for rejection if the medical status in the proposal form does not align with the actual condition during a medical check-up.
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