Two terms we often hear in the world of investing are SIP and mutual funds. People often mistake them for the same thing, but they are actually quite different. In this article, we’ll explain the differences in simple terms so you can decide which option best suits your financial goals.

What is a mutual fund?

A mutual fund is an investment vehicle that pools the money of many investors. This pooled money is then invested in stocks, bonds, and other securities. The goal is to create a diversified portfolio to reduce risk.

These funds are managed by professional fund managers who make investment decisions based on their experience and market understanding. This allows even small investors to invest in a wide range of investments, which they would otherwise be unable to do alone.

What is a SIP?

A Systematic Investment Plan (SIP) is a method of investing in mutual funds. Instead of investing a large sum at once, you invest small amounts regularly every month or quarter. This method is ideal for those who want to save and invest gradually.

SIPs bring discipline to investing and offer the benefits of rupee cost averaging, which reduces the impact of market fluctuations. This means that SIPs are a way to build an investing habit, not a separate investment option.

Difference between SIP and Mutual Fund

1. Definition and Nature

Mutual Fund: It is an investment instrument that pools the money of many people to form a single large fund.

SIP: It is a method of investing in mutual funds in which investments are made at regular intervals.

2. Investment Method

Mutual Fund: You can invest a large sum of money at once (lump sum) or through SIP.

SIP: You invest a fixed amount every month or at a fixed time.

3. Risk and Return

Mutual Fund: Its risk and return depend on the fund you choose—equity, debt, or hybrid.

SIP: It averages out the market’s ups and downs, thereby reducing risk somewhat.

4. Suitability

Mutual Fund: For investors who want to invest a large sum of money at once.

SIP: For those who want to build a fund by saving gradually.

5. Flexibility and Control

Mutual Fund: Investors can choose different funds, but they don’t have control over which shares are purchased within the fund.

SIP: Investors have the flexibility to change the amount and investment period.

How to Choose the Right Option?

1. Investment Goals

Mutual Funds: This is suitable if you have a large sum of money at once and want to invest it for a specific goal, such as buying a house or retirement.

SIP: If you want to grow your wealth gradually over a long period of time, a SIP is better.

2. Risk Appetite

Mutual Funds: Risk depends on the fund you choose.

SIP: The advantage of cost averaging reduces risk slightly.

3. Investment Horizon

Mutual Funds: This can be suitable for both short-term and long-term investments.

SIP: This is more beneficial for long-term investments because it allows for greater compounding.

Mutual funds are an investment vehicle, while SIPs are a method of investing in that vehicle. If you have a large amount at one go then invest lump sum in mutual funds, and if you want to invest gradually then SIP is your best friend.

The post SIP vs Mutual Fund : Before investing in SIP and Mutual Fund, know the difference between the two, it will be easier to invest. first appeared on Rightsofemployees.com.

Some people invest in LIC schemes. If you have taken a policy of the Life Insurance Corporation of India, then paying its premium has become easier. A big facility has been started by Life Insurance Corporation of India i.e. LIC. You can pay the premium from your mobile sitting at home through WhatsApp .

There is good news for crores of policyholders of insurance company LIC. LIC has started a ‘WhatsApp Bot’ service for this. This means that you do not need to go anywhere else to pay the premium. You can pay the premium sitting at home. Registered customers can pay their premium through WhatsApp number 8976862090. Customers can make payment directly in WhatsApp Bot through UPI, Net Banking or card. The entire work from paying the premium to getting the receipt will be done in WhatsApp Bot itself. This service of the company was started in the month of May itself.

How to pay premium through WhatsApp

1 – First of all save LIC ‘s WhatsApp number 8976862090 in your mobile .

2 – Then open your WhatsApp and send “Hi” to LIC’s number.

3 – After this, LIC will send you a list of options, from which you will have to choose one option for premium payment.

4 – You have to enter your policy number and other required information.

5 – Choose the payment option and make payment through your preferred mode (like credit card, debit card, or net banking).

6 – After payment you will get a receipt, which you can keep for future.

This work will have to be done

Let us tell you that to take advantage of this facility, you will have to register by visiting LIC India’s website https://licindia.in/. Then you will have to add your policy. LIC has more than 2.2 crore registered policyholders. Out of which more than 3 lakh customers use online services daily.

The post Now Pay Your LIC Premium from Home Using WhatsApp – Step-by-Step Guide first appeared on Rightsofemployees.com.

You can complete the KYC process related to mutual funds at your nearest post office. The Postal Department has started a new system in collaboration with AMFI, an organization of mutual fund industry, through which more than 1.64 lakh post offices across the country will now do the work of KYC verification and document collection.

The Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) have signed an agreement, under which more than 1.64 lakh post offices across the country will now provide the facility of KYC verification and submission of documents. Now you will not have to run around anywhere for KYC. You can easily fill your form by going to the nearest post office, submit the documents and the employees there will also help you.

What is KYC?

KYC i.e. Know Your Customer is a process in which your identity and address are verified. This ensures that the person investing is genuine.

Which documents will be required?

For KYC, you will have to provide any one of these identity and address proofs.

• Aadhar card
• Passport
• Driving License
• Voter ID
• NREGA Job Card (Signed by Government Official)
• Letter issued from National Population Register

How will this feature work?

The post office staff themselves will help you fill the form, check the documents and send them to the mutual fund companies. AMFI is running this service on behalf of its member mutual fund companies so that the investor’s information can reach KYC Validated status in the records of the KYC agency.

How to know whether your KYC is done or not?

• Visit the website of any mutual fund or registrar.
• Find the link to check KYC Status.
• Enter your PAN number.
• The status will be displayed – Validated / Registered / On Hold / Rejected
• Meaning of KYC status
• KYC Validated: You can do any transaction comfortably.
• KYC Registered: Old investments will work, KYC will have to be done again before investing in new funds.
• On Hold or Rejected: Documents may be incomplete or PAN is not linked to Aadhaar, needs to be rectified first.
• Now, all these works will be done in the post office, which will make investing easier even in villages and towns.

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The new financial year 2025-26 will start tomorrow i.e. from April 1. With the start of the new year, many rules related to mutual funds, credit cards, UPI transactions, income tax and GST will change. These will affect investors, taxpayers and the common people. Therefore, if you are involved in mutual funds, credit cards, UPI transactions or income tax, then it is very important for you to know about these changes in the rules.

The Securities and Exchange Board of India (SEBI) has made changes to certain rules related to investment in mutual funds, which will come into effect from April 1, 2025. Funds raised under new fund offers (NFOs) will now have to be invested within 30 business days. If an asset management company (AMC) is unable to invest within this period, it can get a further extension of 30 days with the approval of the investment committee. If the investment is not made within 60 days, the AMC will be barred from taking fresh investments and investors will be allowed to exit without any penalty.

SEBI has introduced a new category called Specialized Investment Funds (SIFs), which will be a cross between mutual funds and portfolio management services (PMS). A minimum investment of ₹ 10 lakh will be required to invest in it. Only those AMCs whose average assets under management (AUM) has been more than ₹ 10,000 crore in the last three years can launch it.

DigiLocker Facility

From April 1, investors will be able to store and access their demat and mutual fund holding statements digitally in DigiLocker. This will reduce the problem of unclaimed assets and make it easier for the nominee to access the assets.

New tax slabs

The new tax slabs will be applicable from April 1. Under the new tax structure, the government has increased the tax-free income limit from ₹ 7 lakh to ₹ 12 lakh, which will be a big benefit to middle-class taxpayers. The new tax slabs in the new tax system will be as follows:

• Income up to ₹4 lakh – No tax
• ₹4 lakh to ₹8 lakh – 5% tax
• ₹8 lakh to ₹12 lakh – 10% tax
• ₹12 lakh to ₹16 lakh – 15% tax
• ₹16 lakh to ₹20 lakh – 20% tax
• ₹20 lakh to ₹24 lakh – 25% tax
• Income above ₹24 lakh – 30% tax

New GST and e-invoicing rules

From April 1, 2025, businesses with an annual turnover of ₹10 crore or more will be required to upload e-invoices on the invoice registration portal within 30 days. Earlier, this rule was applicable only to businesses with a turnover of more than ₹100 crore.

Unified Pension Scheme to be implemented

Unified Pension Scheme (UPS) will be implemented under the National Pension System (NPS) from April 1, 2025. This scheme will guarantee a fixed pension to central employees. Employees whose service is at least 25 years will get 50% of the average basic pay of the last 12 months as pension.

The post Mutual fund, credit card, income tax and UPI related details will change from tomorrow first appeared on Rightsofemployees.com.

Mutual Fund in Digilocker: Benefits of adding mutual funds in Digilocker

Secure digital records: Now investors will be able to store information related to their demat and mutual fund accounts digitally in DigiLocker, which will be government valid.
Elimination of need for paper documents: Now investors will not need to keep physical papers, which will eliminate the possibility of documents getting lost or damaged.
Reduction in unclaimed investments: This move of SEBI will help in reducing the number of unclaimed investments.

Mutual Fund in Digilocker: Nominee will get information

To protect the interests of investors, SEBI has also added the nomination facility. Under this, investors can nominate a person in DigiLocker.

After their death, the nominee will be given information about their assets.

If the nominee already has a demat or mutual fund account, he can proceed with the asset transfer process.

Mutual Fund in Digilocker: Investment management will be easy and transparent

Investors will be able to view their portfolio status anytime and share it whenever required
DigiLocker makes it easier to monitor investments, allowing investors to manage their funds without any hassle

SEBI advises all investors to use DigiLocker and add a nominee to make investments more secure and transparent

If you invest in mutual funds or stock market, then update your DigiLocker account soon and take advantage of this new facility.

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The post New rule of SEBI from 1 April 2025: Mutual fund and Demat account information can be kept safe in Digilocker first appeared on Rightsofemployees.com.

The investor will have to choose his nominee himself and this right will not be with the power of attorney holders.

Now investors will be able to choose a maximum of 10 nominees in their mutual fund portfolio and demat account. Currently, there is a facility to name one or two nominees. All of them can be seen as joint account holders or different nominees can be chosen for different single accounts or folios. This will not only give more options to the investor but will also increase transparency. On January 10, SEBI had issued a circular in this regard and now these changes will be seen from March 1.

Investors will be able to update their nominee details both online and offline. As per the new rules, investors will now have to provide more details of their nominee, which will include PAN card number, driving license or the last four digits of their Aadhaar. Investors will also have to provide the nominee’s correspondence details and their relationship with him/her. If the nominee is a minor, then in such a case the investor will also have to enter his/her date of birth.

Insurance premium payment will also be easy through UPI

Under the new facility, it will be easy to pay insurance premium through UPI from the first date. Everyone will get the insurance related Application Supported by Block Amount (ABS) facility in UPI. With this new facility, people taking life and health insurance will be able to block the amount in the bank account linked to UPI to pay the premium.

The policyholder will receive a payment acceptance message via UPI and upon clicking OK, the premium amount will be automatically transferred. This will also remind the policyholder when he has to pay the next premium. Also, he will not have to worry about the premium amount not being available in the account at the last moment.

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The post New Rule 1st March: It is Mandatory to declare nominee for Mutual fund and Demat accounts from 1st March first appeared on Rightsofemployees.com.

Can minors invest in mutual funds?

Anyone below the age of 18 can invest in mutual funds, but with the help of their parents or legal guardian. In this, the minor must be the sole account holder and the guardian acts as the custodian of their account.

Required Documents

How to open a minor’s mutual fund account online?

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The post How to open a mutual fund account for minors? A step-by-step guide first appeared on Rightsofemployees.com.

The Securities and Exchange Board of India (SEBI), a regulatory body, has made major changes in the rules related to nominees of mutual funds and demat accounts. The aim is to reduce the number of unclaimed assets and promote better management of investments. These will be useful in case of death or illness of the investor. SEBI has said that an investor can now appoint a maximum of 10 persons as nominees in demat accounts or mutual fund portfolios. This rule will be applicable from March 1, 2025. Let’s know more about this.

What is the rule?

According to a report by CNBC, the investor will have to declare a nominee. This cannot be done by the investor’s power of attorney holders. Nominees can either remain joint account holders with other nominees or open separate single accounts or folios for their respective shares.

What documents are required to transfer assets to a nominee?

•  Self-attested copy of death certificate of deceased investor
•  KYC of nominee must be complete, updated and re-verified.
• Due discharge of creditors

Details to be provided by investors

According to the new guidelines, investors will now have to provide more information about their nominees. This includes identifying details. For example, the nominee’s PAN, driving license number or the last four digits of his Aadhaar number. Apart from this, investors will have to provide the contact details of the nominee and how they are related to you.

How to update nominee?

The nomination form can be submitted both online and offline. For online submission, institutions will accept nominations submitted through digital signature certificate or Aadhaar based electronic signatures. Apart from this, investors will get a receipt after submitting each nomination. This will ensure transparency in the entire process. Regulated institutions are required to maintain records of nominees and receipts for a period of eight years after the transfer of an account or folio.

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Value funds are those that invest in shares of companies that are undervalued. Value mutual fund schemes can be ideal for investors who have a long investment horizon, as the market may take time to recognize the true value of a company and hence the share price may also take time to increase.

Today we will tell you about 3 such value mutual fund schemes, which made investors who did a monthly SIP of Rs 10,000 into millionaires. According to the data of the Association of Mutual Funds in India (AMFI), Bandhan Sterling Value Fund, Nippon India Value Fund, HSBC Value Fund and JM Value Fund are the value mutual fund schemes that have given the best returns in the last 10 years. These schemes have given returns ranging from 14.36 percent to 16.88 percent in the last decade.

Nippon India Value Fund

This scheme was launched in June 2005. This open-ended scheme has given returns of 16.95 percent since then. If someone had invested Rs 10,000 every month for 17 years in this scheme, his corpus would have become Rs 1.01 crore with an annual return of 16.86 percent.

JM Value Fund

This scheme was launched in June 1997. This open-ended scheme has given a return of 16.74 percent since then. If someone invested Rs 10,000 every month in this scheme, then his corpus would have become Rs 1.03 crore. However, it took 19 years for this scheme to build a corpus of Rs 1 crore.

Bandhan Sterling Value Fund

This scheme was launched in March 2008. This open-ended scheme has given a return of 17.01 percent since then. If someone had invested Rs 10,000 every month for 17 years in this scheme, his corpus would have become Rs 1.10 crore with an annual return of 17.62 percent.

(Disclaimer: Mutual Fund investment is subject to market risk. If you wish to invest in it, consult a certified investment advisor first. rightsofemployees will not be responsible for any of your gains or losses.)

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The post Value Mutual Funds: Excellent Mutual Funds, these 3 schemes made me a millionaire with just ₹10000 SIP first appeared on Rightsofemployees.com.

SIP is an investment plan in which you invest a fixed amount at regular intervals, like SIP, it becomes more important for you to maintain discipline in it. The question may arise in your mind that if you miss paying SIP installment, how much penalty will you have to pay and what will be the impact on your funds?

The post SIP installment default penalty: Forgot to pay SIP installment, know how much penalty will be charged… first appeared on Rightsofemployees.com.

SBI Mutual Fund: The number of people investing in mutual funds is constantly increasing. People who either do not have experience in the stock market or do not want to take the risk of investing in the stock market are investing more in it. There are many mutual funds that have given tremendous returns to the investors. Although investing in these is also risky, but not as much as the stock market. A mutual fund of State Bank of India (SBI) has made investors rich.

The mutual fund of SBI that we are talking about is a small cap fund. Its name is ‘SBI Small Cap Fund – Direct Growth’. This mutual fund has made an investment of Rs 20,000 per month into about Rs 28 lakh in 5 years. That is, it has more than doubled the investment in these 5 years.

How did 20 thousand become 28 lakh rupees?

This mutual fund has given investors an average annual return of a little more than 30 percent in 5 years. Its one-year return has been 37.29 percent and 3 years 24.14 percent.

With a SIP of 20 thousand rupees per month, the amount deposited in 5 years would have been 12 lakh rupees. Since the average annual return in 5 years has been 30.35, the interest in these 5 years would have been 16.18 lakh rupees. Thus, the total amount of the investor would have been 28.18 lakh rupees in 5 years. This return is more than 100 percent.

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These mutual funds also gave good returns

Apart from SBI, mutual funds of other companies have also given good returns to investors. The annual returns of some major mutual funds were as follows:

• Quant Small Cap Fund: 28.97%
• Nippon India Small Cap Fund: 27.38%
• Quant ELSS Tax Saver Fund: 26.21%
• Motilal Oswal Midcap Fund: 25.46%
• Quant Flexi Cap Fund: 25.44%

How risky is the investment?

Mutual funds are linked to the stock market. In such a situation, investing in them is considered risky. Experts say that those who invest in mutual funds should not panic due to the fluctuations in the stock market. It would be better to invest in it for the long term. Experts advise those who want to make money in a short time to stay away from them.

Disclaimer: The suggestions given in this analysis are from individual analysts or broking companies, not Rightsofemployees. We advise investors to consult certified experts before taking any investment decision. Because the conditions of the stock market can change rapidly.

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The post SBI Mutual Fund: SIP of Rs 20,000 per month converted into Rs 28 lakh, know how first appeared on Rightsofemployees.com.

The company has announced a uniform tariff, which will directly affect the pockets of investors. The new rates will be applicable from October 1 and due to this, there is a movement in the shares of CDSL as well.

CDSL informed about the change in uniform tariff

According to the latest information released by CDSL, changes will be made in the uniform tariff from October 1. Let us tell you that after the order of market regulator SEBI, all companies, depositories and exchanges are reviewing their tariff plans. Under this, CDSL has announced a tariff of Rs 3.50 per debit transaction.

Changes made by CDSL

CDSL has offered a discount of Rs 0.25 per transaction on mutual funds and bond issues. Along with this, the discount of Rs 0.25 per transaction on women accounts will continue as before. Earlier, CDSL’s rate per debit transaction was between Rs 3.75 and Rs 5.5.

Functions of Depositories

Central Depositories Services Limited (CDSL) and National Securities Depositories Limited (NSDL) are the two major depositories in India. Both these depositories handle various types of securities such as equities, bonds, and ETFs.

MCX also changed the charges

Just two days ago, Multi Commodity Exchange (MCX) had also announced the transaction charges for options. MCX had revised the transaction charges and made them equal. SEBI has given everyone a deadline of 1 October 2024.

Know about CDSL

CDSL plays a vital role in the Indian equity market by providing depository services and facilitating the electronic storage and transfer of securities. The company has a low market share in demat accounts while NSDL has the highest market share in this case. CDSL is Asia’s only listed depository service with a market cap of around Rs 31,300 crore.

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This decision has come at a time when market regulator Securities and Exchange Board of India (SEBI) is advocating small SIPs so that investors’ participation is higher. Recently SEBI Chairperson Madhavi Puri Buch talked about micro-SIP.

Daily wage labourers will also be able to take advantage of the stock market boom.
Speaking at an event organised to launch the NFO on manufacturing fund in Mumbai, RK Jha said that the AMC is working with registrar KFintech Services. LIC Mutual Fund plans to reduce the current limit of minimum SIP amount to Rs 100 per day and Rs 200 for monthly SIP. He said that this move will help the fund house reach those sections of the society which have not benefited from the stock market boom.

LIC Mutual Fund will increase AU

Jha further said that the fund house is aiming to increase its asset under management (AUM) from Rs 35,000 crore to Rs 65,000 crore by the end of this financial year and to Rs 1 lakh crore by the end of FY 2025-26.

What is SIP?

SIP is the easiest way to invest in mutual funds. Under SIP, the investor invests a fixed amount at regular intervals. A fixed amount is deducted from your bank account at regular intervals and invested in SIP.

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Just worrying about retirement will not help, you have to do financial planning in advance. If you do financial planning in time and start implementing it, then you will be able to accumulate a fund of more than one crore as retirement fund without any load. All you have to do is that as soon as you get a job, you have to start a SIP of ₹2000 first. This is such a small amount that even a person earning a simple salary can start it. If you start a SIP even at the age of 25, then you will accumulate a fund of more than 1 crore at the age of retirement.

Understand through calculation

If you start a SIP of Rs 2000 at the age of 25 and continue this investment till the age of 60, then you will have to invest for a total of 35 years. In the long term, the average return of SIP is considered to be 12 percent. Sometimes it is even more than this. But here we will calculate on the average return only. If you invest Rs 2000 every month through SIP in mutual funds for 35 years continuously, then you will invest a total of Rs 8,40,000. But the compounding interest at the rate of 12 percent in 35 years will be Rs 1,21,50,538. In this way, in the 60th year, you will get a total of Rs 1,29,90,538 by combining the invested amount and the interest amount. If you get a return of 14%, you will get Rs 2,24,64,972 at the age of 60.

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Keep this in mind

Investment in mutual funds is done through SIP, which is market linked, hence it is subject to risk. There is no guaranteed return in the market. In such a situation, returns cannot be guaranteed even in SIP mutual funds. But most financial experts believe that in the long run, the average return of SIP is up to 12%. Sometimes it has been seen to get 15 and 20% as well. Such a return cannot be obtained through any other scheme. This is the reason that despite the market risk, people’s interest in SIP has increased a lot in the last few years.

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The post SIP Investment: Invest only Rs 2000 monthly in SIP mutual fund and get more than 1 crore for retirement planning, know the calculation first appeared on Rightsofemployees.com.

However, these areas of investment do not give much return. If you want to get good returns by investing for a long term, then mutual fund schemes can prove to be a better option for you. According to experts, mutual fund schemes perform well in the long term. In this episode, let us understand how you can collect Rs 1.2 crore in a few years by investing Rs 8 thousand?

For this, first of all you have to get your SIP made in a good mutual fund scheme. After getting the SIP made, you have to invest 8 thousand rupees in it every month.

You have to invest this amount of 8 thousand rupees per month for the entire 25 years. While investing, you also have to expect that you will get an estimated return of 11 percent every year on your investment.

If the returns are as per your expectations, then you will be able to collect a huge fund of Rs 1.2 crore at the time of maturity after 25 years. With this money, you will be able to live your future life financially independent.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in it, definitely take advice from experts. If you invest in mutual funds without information, in this situation you may have to face a huge loss. The return on investment made in mutual funds is decided by the behavior of the market.

The post Mutual Fund Investment: By investing 8 thousand rupees you can collect 1.2 crores in a few years, know how? first appeared on Rightsofemployees.com.

With the help of this money, you can get your children higher education. This money will work to secure the future of your children. In this, you have to invest in mutual fund schemes. Mutual fund investments come under market risks. According to experts, mutual fund schemes give good returns in the long term. If a child has been born in your house recently, then you can start investing for his higher education from now. In this episode, let us know how you can collect a large fund of Rs 47.6 lakh in a few years by investing 7 thousand rupees.

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For this, first of all you have to make a SIP in a good mutual fund scheme. After making a SIP, you have to invest 7 thousand rupees in it every month.

You have to invest this amount of 7 thousand rupees per month for the entire 18 years. During this period, you also have to expect that you get an estimated return of 11 percent annually on your investment.

If the returns are as per your expectations, then you will be able to collect a huge fund of Rs 47.6 lakh at the time of maturity after 18 years. This money will help your children in getting higher education.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in it, definitely take advice from experts. If you invest in mutual funds without information, in this situation you may have to face a huge loss. The return on investment made in mutual funds is decided by the behavior of the market.

The post Mutual Fund Investment For Child Education – Know All Details Here first appeared on Rightsofemployees.com.

So that, in case of any kind of emergency, your investment can go to the right person. SEBI has set a deadline for demat account holders to file a nominee by June 30, 2024. You must complete the work of making a nominee by June 30.

Is it necessary to make a nominee?

The reason behind this move by SEBI is to help investors secure their assets and pass them on to their legal heirs. Market regulator SEBI has also stated that the order to file a nominee applies to both new and existing investors. Under SEBI’s rule, new investors will have to either appoint a nominee for their securities while opening trading and demat accounts or formally opt out of the nomination through a declaration form. That is, you will state through this declaration form that you do not want to appoint anyone as a nominee.

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SEBI has extended the deadline several times

Sebi had initially set a deadline of March 31, 2023 for account holders to nominate beneficiaries or formally exit. The regulator had indicated that failing to do so would result in the account being deactivated. The deadline was later extended twice, the last time to December 31, 2023. Despite the warnings and extension of deadlines, investors are still not filing nominees.

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There is a relief news for mutual fund investors and demat account holders. The Securities and Exchange Board of India (SEBI) said in a circular issued on June 10 that it will not freeze the mutual fund portfolio or demat accounts of those investors who have not provided information related to their nominees.

Apart from this, investors holding securities in physical form will now be eligible to receive any payment such as dividend, interest or redemption of securities. Along with this, investors will be entitled to file a complaint or request any service from the Registrar and Transfer Agent (RTA) even if they do not choose the ‘nomination option’.

Also Read: Visa FREE Countries: No visa required to visit these 10 countries, check list here

Earlier, SEBI had set a deadline of June 30 for all existing individual mutual fund holders to provide nominee details or opt out of nomination. Non-compliance with the rule could have resulted in a ban on withdrawals from their accounts. However, SEBI said in a circular issued on Monday that keeping in mind the ease of compliance and convenience of investors, it has been decided not to ban mutual fund accounts with demat accounts for not providing ‘nomination option’ for existing investors or unit holders.

The system will continue for new investors.

The market regulator said that payments that were currently stopped due to listed companies or RTAs not providing the ‘nomination option’ can now be settled. Along with this, SEBI clarified that the system of mandatorily providing the ‘nomination option’ for demat account/mutual fund folio to all new investors and mutual fund unit holders will continue.

SEBI issued format

The regulator has asked the depository participant, AMC or RTA to encourage demat account holders or mutual fund unit holders to update the ‘nomination option’ by sending messages on a fortnightly basis through email and SMS. To update the regulator, the name of the nominee, the nominee’s shareholding and relationship with the applicant will have to be disclosed. SEBI has also issued a format for providing the option of nomination and exit from nomination in demat accounts and MF folios.

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Let us tell you that according to the rule applicable from April 1, 2024, the KYC of investors was put on hold if Aadhaar-PAN was not linked, due to which investors could neither invest in any mutual fund nor redeem their investment.

KYC can be done even without Aadhar-PAN link

SEBI has given big relief to such investors. According to the new rule, even without linking Aadhaar-PAN, investors can get their KYC done with OVD i.e. officially valid documents like Aadhaar, PAN card, Voter ID, passport and driving license. The KYC status of such an investor will be KYC registered.

Also Read: Passport Tips: This one mistake in your passport can send you to jail

Investment is possible only in the fund for which KYC is done.

An investor with KYC registered status can deal only with that fund for which KYC has been done and not with any other new fund. At the same time, if an investor has linked Aadhaar-PAN and got his KYC done, then the status of that investor will be KYC Validated. Such investors can invest in all mutual funds.

KYC registered investors will have to get KYC done again to invest in any new fund. If KYC status is on hold, then the investor’s email, mobile number, address are not verified. Investors with KYC on hold will not be able to deal in mutual funds nor invest nor will they get the facility of redemption.

Where can you check KYC Status?

If any investor wants to check the status, he can check KYC status on www.CVLKRA.com
. By going to KYC inquiry page, investors can check KYC status with their PAN number. On this page, investors can also see their KYC registered authorities i.e. KRA such as CAMS, Karvy etc.

Relief given in the circular of May 14

If the investor’s KYC is not validated or registered, then he can do KYC by visiting the website of his KRA with officially valid documents. In the circular dated May 14, SEBI has given big relief to mutual fund investors.

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In today’s time, Mutual Funds have become a popular means of investment. This is because mutual funds are flexible in many ways. You can start investing in mutual funds through SIP with a small amount and increase or decrease according to your income. Also, long term investment in it gives better returns, which is much better than any other scheme.

Although because it is market linked, there is no guarantee of returns in it, but in the long run its average return is considered to be 12 percent. If you also want to start investing in mutual funds through SIP, then you should understand some things clearly so that there is no scope for regrets later.

Don’t start without research

Before starting to invest in SIP, do your research thoroughly. Investment started without research can lead to loss. If you do not have an idea, you can take help from an expert in financial matters. Also keep in mind that no one can guarantee you returns in this. Of course, better returns are available through SIP, but since it is market linked, it carries some risk. Whatever calculation is done regarding SIP, it is an estimated calculation based on its average return.

Start SIP with target

If you are starting SIP then start it with a target. For example, for your child’s marriage, education, your retirement fund, for what purpose you are starting this, you will have to be clear in your mind. To fulfill that objective, how much money will have to be deposited, for how many years the SIP will have to be run, calculate all these and then start SIP. If you do not start it with a goal, then you can withdraw the money anytime if needed and this will cause you loss.

Do not stop suddenly

If you have started SIP then do not stop it suddenly. When many people see a boom in the market, they get excited and start investing in SIP and if there is a recession, they get disappointed and stop it. But let us tell you that by starting and stopping SIP sometimes, you will never be able to reach your goal. Due to this you will not be able to get better returns and you will have to suffer loss. Therefore, once you start SIP, continue it continuously until your goal is achieved.

Do not start SIP with big amount

Do not start SIP with huge amount. There is no direct harm in SIP of large amount, but if there are any financial challenges in future, then it may be difficult to continue the large SIP. In such a situation, the investment sequence will be broken and you may have to bear the loss. Therefore, instead of starting a SIP of a large amount, it is better to start two or three SIPs of small amounts.

FASTag KYC Update: Second deadline also nears, update KYC in easy steps, definitely check the status also.

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Mutual Fund SIP: SIP remains the first choice of investors at present. SIP has made a new record high in the month of February. At present SIP remains the first choice of investors. An investment of Rs 19,186.58 crore has been made through SIP in the month of February. At the same time, this investment in the month of January was Rs 18,838.33 crore. Investors are very excited about SIP. In such a situation, if you are also planning to invest money in SIP, then keep some important things in mind before doing that.

SIP account number on record

The number of SIP accounts reached a historic high of 820.17 lakh in February, which was more than 791.71 lakh in January. However, the number of new SIP registrations has declined in February. About 49.79 lakh new SIPs have been registered as compared to 51.84 lakh in January.

Never make these mistakes while doing SIP-

Never invest in SIP without research and advice

You should do proper research before investing money in SIP or you can also take advice from an advisor. One should not invest money in any fund without research.

Apart from this, one should not take SIP even after seeing good returns.

Investment in mutual funds has increased significantly, so invest wisely. You should not take any SIP decision just by looking at its returns. Because sometimes the returns of SIP which give good returns also become negative.

Stop SIP sometimes and start it sometimes

According to experts, many times it is seen that investors keep closing SIP from time to time. Sometimes he stops and sometimes he starts. It should not be done like this. By doing this investors do not get full benefit. At the same time, many times one has to suffer losses also.

investing in a single scheme

You should invest money in SIP in different funds and sectors, so that if any one fund or sector goes negative, your portfolio will not be affected much.

The amount invested is too low or too high

Investors should keep in mind that the amount invested in SIP should not be too little or too much. It should be according to your financial goals and risk tolerance. If you invest very little money, you will not get that good return.

How can one start SIP?

If you want to start SIP for the first time, then for this you will first have to choose a brokerage app. You can start investing through any app like Grow, Zerodha. After this you will have to complete the KYC formalities. After this, verification and video call KYC will happen in your app. To register a new account you will have to fill an application form. Only after this you can invest money in SIP.

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In view of the applications received from market participants, SEBI said in a circular that for ease of compliance and convenience of investors, it has been decided to extend the last date for submission of ‘choice of nomination’ for demat accounts and mutual fund folios to June 30, 2024. The decision has been taken.

Along with this, SEBI asked asset management companies (AMCs), depository participants and registrars and transfer agents (RTAs) to encourage demat account holders and mutual fund unit holders to enroll or exit by sending emails or SMS every fortnight. Is. Let us tell you that earlier the last date for nomination was 30th September.

Email or SMS advisory:

Sebi has also asked asset management companies (AMCs), depository participants and registrars and transfer agents (RTAs) to send emails or SMS to demat account holders and mutual fund unit holders every fortnight asking them to enroll or opt out. Have asked to encourage about.

SEBI’s action

Meanwhile, capital markets regulator SEBI has imposed a fine of over Rs 4 crore on five former executives of Federated Electric & Engineering Limited (FEEL) in a case of irregularities and manipulation in the company’s accounts and banned them from the securities market for two years. Is done.

Along with this, he has been banned for two years from holding the post of director or key managerial personnel in any listed company or any registered intermediary. The persons on whom SEBI has imposed fine include Akhtar Aziz Siddiqui, Chief Finance Officer cum Whole-time Director, Member of Accounts Committee and in-charge of Finance and Accounts matters of FEEL, Whole-time Director and Director for FY 2007-08 to FY 2016-17. The signatories to FEEL’s financial statements include Sham Sundar Dhawan.

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Many mutual fund schemes have given good returns in the last few years. Many people in the country are now adopting this investment option by taking some risk. From here you can get higher returns than any small savings schemes or fixed deposit schemes. In this series, let us understand the mathematics of investment with the help of which you can collect Rs 34 lakh by investing Rs 5,000.

Mutual Fund Scheme

For this you have to select a good mutual fund scheme. If you are new, then you can make your SIP in a good mutual fund scheme by taking advice from an expert. After making SIP, you have to invest five thousand rupees in it every month. You will have to make this investment for full 18 years. Not only this, you also have to expect that you will get an estimated return of 11 percent every year on your investment.

If this happens. In this situation you can easily collect Rs 34 lakh at the time of maturity. With this money you can provide higher education to your children.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, definitely take advice from experts. If you invest in mutual funds without knowledge. In this situation you may have to face a big loss. The returns on investments made in mutual funds are determined by market behavior.

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SEBI fixed the deadline till 31st December

The Securities and Exchange Board of India (SEBI) has extended the deadline for mutual fund and demat account holders to file nomination till December 31, 2023. Earlier the deadline for this was fixed till 30 September 2023, but later it was extended to 31 December. If you have also not added the nominee in your mutual fund and demat account, then complete this work as soon as possible. We are telling you about the easy process of adding nominee in both the accounts.

Why is nomination important?

It is important to make nomination in mutual fund and demat account because if any account holder dies then in such a situation the nominee can easily withdraw the amount deposited in the account by claiming it. In case there is no nominee, all the legal heirs can claim the money. This makes the process of withdrawing money very long and complicated. In such a situation, SEBI encourages all demat and mutual fund account holders to add nominee.

How to add nominee in mutual fund?

1. NSDL provides the facility to add nominee in the demat account.
2. For this you click on https://nsdl.co.in/ .
3. After this DP ID, Client ID and PAN number will have to be entered.
4. After this select Nominate Online option.
5. After this a page will open in front of you on which you will have to enter DP ID, Client ID, PAN and OTP.
6. After filling all these details, select the option of I wish to Nominate or I don’t wish to Nominate.
7. After this, a page will open in front of you in which you can fill all the details of your nominee.
8. Next click on the check box and proceed to Proceed.
9. OTP will come on the registered mobile number, enter it here.
10. After this the nominee will be added to your mutual fund account.

Method of adding nominee in demat account-

1. For this, first of all click on https://eseservices.nsdl.com/instademat-kyc-nomination/#/login .
2. Login to your demat account here with your registered mobile number.
3. Apart from this, you can login through your Aadhar number and registered mobile number.
4. After this you can update the name of the nominee by going to Change or Update Nominee here.
5. The nominee updates you his name, date of birth, your relationship with the nominee, the nominee’s address, the percentage the nominee will get.
6. Keep in mind that the names of maximum three nominees can be added to one account.

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In this series, today we are going to tell you about mutual fund schemes, where you can get good returns by investing. It is worth noting that there is a high risk of market risks in this area of ​​investment. However, the chances of getting returns from here are also quite good. Many mutual fund schemes have given excellent returns in the past years

. It is important to keep many things in mind while investing in a mutual fund scheme. In this series, let us understand the mathematics of investment, with the help of which you can collect Rs 1.4 crore by investing Rs 5,000.

For this, first of all you have to select a good mutual fund scheme. After that SIP has to be made in it. After making SIP, you will have to invest Rs 5,000 in it every month.

You have to invest Rs 5,000 every month for 30 years. Apart from this, you have to expect that your investment will get an estimated return of 11 percent every year. In this case, you can collect a total of Rs 1.4 crore at the time of maturity. With this money received at the time of maturity, you will be able to live a financially independent life.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, definitely take advice from experts. If you invest in mutual funds without knowledge. In this situation you may have to face a big loss. The returns on investments made in mutual funds are determined by market behavior.

The post Mutual Fund Investment: Invest only Rs 5 thousand, you can collect Rs 1.4 crore in so many years first appeared on Rightsofemployees.com.

In this series, today we are going to tell you about mutual fund schemes, where you can get good returns by investing. It is worth noting that there is a high risk of market risks in this area of ​​investment. However, the chances of getting returns from here are also quite good. Many mutual fund schemes have given excellent returns in the past years

. It is important to keep many things in mind while investing in a mutual fund scheme. In this series, let us understand the mathematics of investment, with the help of which you can collect Rs 1.4 crore by investing Rs 5,000.

For this, first of all you have to select a good mutual fund scheme. After that SIP has to be made in it. After making SIP, you will have to invest Rs 5,000 in it every month.

You have to invest Rs 5,000 every month for 30 years. Apart from this, you have to expect that your investment will get an estimated return of 11 percent every year. In this case, you can collect a total of Rs 1.4 crore at the time of maturity. With this money received at the time of maturity, you will be able to live a financially independent life.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, definitely take advice from experts. If you invest in mutual funds without knowledge. In this situation you may have to face a big loss. The returns on investments made in mutual funds are determined by market behavior.

The post Mutual Fund: Invest only Rs 5 thousand, you can collect Rs 1.4 crore in so many years first appeared on Rightsofemployees.com.

As per the website of Association of Mutual Funds in India (AMFI), HDFC Retirement Savings Fund – Equity Plan has given annualized return of 15.36% under Direct Plan over 5 years. Calculations show that if a person had invested Rs 15 lakh in the direct plan of this scheme 5 years back, it would have grown to around Rs 30.6 lakh.

The scheme has given a return of 13.36% in 5 years under the regular plan, which could have converted a lump sum investment of Rs.15 lakhs into approximately Rs.28 lakhs during this period. In comparison, Rs 15 lakh invested in SCSS scheme 5 years ago by a senior citizen would have grown to approximately Rs 21.5 lakh at 8.7% interest rate available between 01-10-2018 and 31-12-2018 (Rs 15).

For investments made between 01-01-2018 and 30-09-2018 at the 8.3% interest rate available, the total corpus would have grown to Rs.21.2 Lakhs (Rs.15 Lakhs principal + Rs.6.2 Lakhs interest). SCSS interest is payable on a quarterly basis. This means that a fund of Rs 21.5 lakh or Rs 21.2 lakh would have been possible. However, both SCSS and retirement mutual funds serve different purposes.

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Mutual funds come with risks

SCSS is meant for guaranteed income to support post-retirement life and only senior citizens can invest in this scheme. On the other hand, retirement mutual funds come with market risk and aim to help investors accumulate funds for retirement planning. Here is a look at 5 key points about HDFC Retirement Savings Fund – Equity Plan that you need to know.

Know 5 important points

1. It is an open-ended retirement solution plan with a lock-in period of 5 years or till the age of retirement (whichever is earlier).
2. It is also a tax saving pension scheme which invests minimum 80% of the portfolio in equity and equity related.
3. The scheme was launched on February 25, 2016 and as per the information given on the website of the fund, the AUM value of the scheme as on April 30, 2023 was Rs.2964.34 Crore.
4. The scheme tracks the Nifty 500 Total Return Index and its investment objective is to provide long term income by investing in a mix of equity and debt instruments to help investors meet their retirement objectives There is no assurance that the investment objective of the scheme will be achieved.
5. If any person who is a resident of India and whose age is more than 18 years, can invest in this retirement mutual fund scheme. Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) / Overseas Citizens of India (OCIs) can also invest in this scheme on Repatriation basis or Non-Repatriation basis.

These funds gave higher returns

1. The Direct Plan of Quant Mid Cap Fund has given a return of 20.45% while the Regular Plan has given a return of 18.47% in 5 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 13.75% return in 5 years.
2. The Direct Plan of PGIM India Midcap Opportunities Fund has given a return of 18.97% while the Regular Plan has given a return of 17.00% in 5 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 13.75% return in 5 years.
3. The Direct Plan of Motilal Oswal Midcap Fund has given a return of 16.91% while the Regular Plan has given a return of 15.51% in 5 years. The scheme tracks NIFTY Midcap 150 Total Return Index, which has given 13.75% return in 5 years.
4. The Direct Plan of Axis Midcap Fund has given a return of 16.19% while the Regular Plan has given a return of 14.71% in 5 years. The scheme tracks S&P BSE 150 Midcap Total Return Index, which has given a 5 year return of 13.01%.

These best performing Mid Cap Mutual Fund schemes have given annualized returns of over 15% in 5 years ending May 15, 2023.

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The Finance Minister said that a time limit should be fixed for disposal of such applications. The Finance Minister said that CBDT should increase its efforts to make taxpayers aware while expanding its reach. The Finance Minister discussed three important issues in the meeting with the CBDT.

Got information about 3 crore people

During the meeting of the Finance Minister, there was talk on increasing the number of taxpayers. Along with this, discussions were held on pending disciplinary action against Income Tax officials and condonation of delay under the Income Tax 1961 Act. During this, the Finance Minister was informed that there has been a jump of more than 1100 percent in the information to be reported due to getting new data source of financial transactions from Dividend, Interest, Share, Mutual Fund and GSTN. Information about 3 crore people has been received from this.

TDS code increased from 36 to 65

The new TDS codes have increased from 36 to 65 in the last eight years. The effect of this was that in 2015-16 where 70 crore transactions were reported. Its number has now increased to 144 crores. The number of unique deductees almost doubled from 4.8 crore in 2015-16 to 9.2 crore. The contribution of personal income tax to GDP has increased. It was 2.11 percent in 2014-15, which has now increased to 2.94 percent.

asked to finalize the proceedings

During this, the Finance Minister asked to expedite the review of the ongoing action against the employees and officers of the Income Tax Department. On behalf of the Finance Minister, CBDT was asked to finalize such action. Nirmala Sitharaman emphasized that the CBDT should take appropriate action on all applications filed by taxpayers in a timely manner.

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Because of which people are very fond of investing in Mutual Funds. You can get better returns by doing small SIP in mutual funds. If you also want to improve your portfolio, then investing in Mutual Fund Scheme can be a very good option.

Today we are telling you about such a mutual fund scheme, which has given its investors a fund of more than 10 lakhs on SIP of 10,000 in the last three years. This mutual fund is Quant Small Cap Fund Direct Plan.

Investors got bumper returns

Many financial experts keep advising people to invest in mutual funds. Quant Small Cap Fund has given investors a return of 64.5% in the last 3 years under the direct plan. A monthly investment of Rs 10,000 in this fund grows to around Rs 10.9 lakh in three years. Done. On the other hand, the regular plan of the scheme has given a return of 62.19 per cent in three years. Due to which the monthly SIP of Rs 10,000 increases to approximately Rs 10.4 lakh.

Top Stock Holdings

Top Stock Holdings in the Fund’s Factsheet for April 2023 are Reliance Industries, ITC, HDFC Bank, Jindal Stainless, RBL Bank, IRB Infrastructure, Punjab National Bank, Bikaji Foods International, Usha Martin and Just Dial This Small Cap Fund The top 10 stocks held are. Quant Small Cap Plan has allocated 15.3% of its capital to banks, followed by petroleum products (6.52%), pharmaceuticals (5.86%) and construction (5.78%).

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Due to the high risk involved in investing directly in the stock market, people show more confidence in investing through Mutual Funds . In such a situation, if you are planning to withdraw money from mutual funds before time or maturity, then this news is for you.

Money can be withdrawn from mutual funds before time (Withdrawal money from mutual fund before lock-in period ended) , but this does not apply to all types of mutual funds. There are also some mutual funds where you may have to pay a fine or penalty for withdrawing money from time or lock-in period.

From which mutual funds can I withdraw money?

Most mutual fund schemes are open ended. Investment can be withdrawn at any time from open ended mutual fund schemes. Withdrawals can be made in parts instead of the entire investment. On this, according to your scheme, you just have to pay the exit load, which is generally very less.

On the other hand, there are Equity Linked Savings Scheme (ELSS) mutual fund schemes. You also get tax exemption on these schemes under Section-80C of Income Tax. That’s why there is a ‘lock in period’ of three years on these schemes. In such a situation, whenever money is withdrawn from these schemes before time, then penalty has to be paid. It can be between 5 to 10 percent.

How to withdraw money from mutual fund?

There are many ways to withdraw money from mutual funds. Whenever you plan to withdraw money from an open ended mutual fund scheme, usually the minimum units that can be redeemed are reflected in your scheme document.

Investments in mutual funds can be redeemed at the Investor Service Centers of the scheme offering companies, at the offices of asset management companies, through demat accounts or through online platforms.

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Due to the rally in the stock market, those investing in mutual fund SIPs have also got good returns. In this mutual fund SIP (Systematic Investment Plan) investment, an investor can become a crorepati by investing ₹15,000 per month for 15 years.

For a mutual fund investor, there are several rules for maximizing one’s returns. The 15 x 15 x 15 rule of mutual funds is one of them. Through this you can get excellent returns on your investment.

Know what the rule says?

This rule says that if an investor invests in mutual funds for a long period, then the return will be 15 percent. That is, anyone can become a millionaire in just 15 years. However, the mutual fund calculator suggests that one can double their maturity amount and get over ₹2 crore in 15 years if the annual step up of 15 per cent is maintained.

Understand by example,

if someone does a monthly SIP of Rs 15 thousand for 15 years, then your invested amount will be Rs 27 lakh. In such a situation, if you assume an annual return of 15%, then you can get a total estimated return of up to Rs 74,52,946 on your investment. This means that your Rs 27 lakh will become Rs 1,01,52,946 after 15 years. In this way, you can become a millionaire by depositing 15 thousand rupees every month in 15 years.

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Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

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Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

The post Income Tax Big News: Tax of Re 1 will not have to be paid even on earning of 10 lakhs, Know full details first appeared on Rightsofemployees.com.

Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

The post Income Tax Big News : Tax of Re 1 will not have to be paid even on earning of 10 lakhs, Know full details first appeared on Rightsofemployees.com.

Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

The post Income Tax Big News : Tax of Re 1 will not have to be paid even on earning of 10 lakhs, Know full details first appeared on Rightsofemployees.com.

Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

The post Income Tax Big News : Tax of Re 1 will not have to be paid even on earning of 10 lakhs, Know full details first appeared on Rightsofemployees.com.