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Barakah Finserve

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Barakah Finserve

Top mutual fund schemes to invest in - Mint 30

  • Pick up 5-8 schemes to build a good portfolio
  • Use this list as a starting point and then spend time selecting your unique portfolio out of these


Barakah Finserve

Self-employed? Get a full health cover before buying a hospital cash policy

  • The product targets daily wage earners and freelancers but it may not cover all costs because the payout is small 
  • Like other hospital cash policies, Kamai Bachao Yojna makes the payout only at the end of the hospitalisation period and not on a daily basis


Barakah Finserve

Opinion | How will LTCG benefit work as per new laws

  • Budget 2019 increased the scope of LTCG exemption for acquisition of two houses
  •  The amendment does not permit acquisition of the two houses in the names of any person other than the taxpayer who has earned the capital gains


Barakah Finserve

Bank FD rates compared: HDFC Bank vs ICICI Bank vs Yes Bank

  •  Over-exposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them
  • Here is a list of banks that offer the highest FD rates for deposits up to Rs. 1 crore over various tenures


Barakah Finserve

After death, MF units need to be transmitted to nominee

  • The nominee may choose to hold on to the investment or redeem it, but will first need to get the units transmitted
  • When it comes to exit load, the original date of purchase will still be applicable, not the date of transmission


Barakah Finserve

Standard health cover will help, but Irdai needs to plug the gaps

  • Irdai proposes a basic health insurance policy which will be comparable across companies
  • Under differential pricing, insurers can charge lower premium from an old customer compared to a new customer even if both are of same age


Barakah Finserve

If legal heirs give up inheritance right, children can’t stake claim to property

  •  If the owner has inherited a property through a Will or otherwise, his children are also considered legal heirs to that property
  • There is no distinction between an inherited, self-acquired property and ancestral property in case of Christians, Muslims and Parsis


Barakah Finserve

EPFO likely to announce 8.55% interest on EPF for FY19

  • The EPFO trustees can also announced the appointment of new fund managers
  • The trustee would also review the performance of investments made by the body in stock markets


Barakah Finserve

PF funds' investment in IL&FS bonds have no government guarantee: Finance Ministry

  • Thousands of crores of money of more than 15 lakh employees of both public and private sector companies have exposure to IL&FS bonds
  • Over 50 funds that manage retirement benefits of over 15 lakh employees have exposure to IL&FS


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