Wallet

HSBC Mutual Fund has launched the HSBC Financial Services Fund, an open-ended equity scheme. This fund will invest in stocks within the financial sector and will be open for investment from 6 February to 20 February. The main goal of this scheme is to offer strong long-term returns to investors. It will focus on stocks … Read more

The Centralized Pension Payment System (CPPS), under the Employees’ Provident Fund Organization (EPFO), has been successfully implemented across India, achieving 100% success. This initiative aims to simplify pension payments for the country’s pensioners under the Employees’ Pension Scheme, 1995. Milestone Achievement: Successful Payment to Over 68 Lakh Pensioners In December 2024, a historic achievement was … Read more

In the first full budget of the Modi Government 3.0, several significant announcements were made, covering a wide range of sectors from income tax to rural development. One of the major highlights came from Finance Minister Nirmala Sitharaman, who discussed the expansion of India Post and India Post Payment Bank. Expansion of India Post and … Read more

Edelweiss Mutual Fund has introduced the Edelweiss Consumption Fund, an open-ended equity scheme focused on the consumption sector. The New Fund Offer (NFO) will be open for subscriptions from January 31 to February 14. Fund Objective and Strategy The primary goal of the fund is to generate long-term capital growth by investing mainly in equity … Read more

If you’re a Paytm user, this information will be helpful. UPI (Unified Payments Interface) has changed the way people make payments in India. It’s a fast, easy, and secure method for transferring money, paying bills, and making purchases. Using apps like Paytm, you can create a UPI ID to quickly send money and handle various … Read more

Motilal Oswal Mutual Fund (MOMF) has introduced its new fund offer (NFO) called the Motilal Oswal Innovation Opportunities Fund. This is an open-ended equity scheme focused on the theme of innovation. The NFO will be available from January 29, 2025, to February 12, 2025. The goal of this fund is to achieve long-term capital appreciation, … Read more

Kotak Mutual Fund has introduced the Kotak BSE Sensex Index Fund, an open-ended scheme that aims to replicate or track the BSE Sensex index. This new fund offer (NFO) will open for subscription on January 27 and close on February 10, 2025. Afterward, the scheme will reopen for continued sale and repurchase starting February 17, … Read more

IDFC First Bank has introduced a new UPI-enabled RuPay Credit Card called FIRST EA₹N.This card is the result of the bank’s partnership with RuPay and is backed by a Fixed Deposit (FD). It allows users to access instant online services and offers cashback on UPI payments, making it an attractive option for many. This new … Read more

Starting January 1, 2025, the Reserve Bank of India (RBI) has implemented new rules for Fixed Deposits (FDs). These regulations apply to non-banking financial companies (NBFCs) and nano finance companies, aiming to make the FD process more secure and convenient for depositors, especially for premature withdrawals. Key Features of the New FD Rules Easier Premature … Read more

If you are a salaried employee and have a PF deduction every month, this update is important for you. The process of transferring your PF account has been made simpler by EPFO (Employees’ Provident Fund Organisation). As per the latest circular from EPFO, if you change jobs in certain situations, you won’t need to fill … Read more