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Mutual fund companies have created many funds with different risk categories, returns, and assets.
Many people thought mutual funds were only available for equity investments, but no. Debt mutual funds and hybrid funds are also available.
At the top, mutual funds are a mix of equity and debt investments. Equity mutual funds are usually for long-term investment plans, like above 5 years. And debt mutual funds are for short-term investment plans for below 3 years.
We also have hybrid funds, a combination of equity and debt investments used for medium and long-term plans, basically above 3 years.
Find out more in this video - youtube.com/shorts/N6xraLlfhy...
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Alpha Index Funds Explained: Are They Worth the Risk? How Are They Different from Momentum Index Funds?
When you think of index funds, the first thought that likely comes to mind is a straightforward, low-risk, passive investment. But what if I told you there’s another type of index fund that aims to outperform the market?
That’s where Alpha Index Funds come into play.
Over the past 10 years, the Nifty 200 Alpha 30 has returned 25.2% annually, whereas its benchmark Nifty 200 has returned only 14.6%. 🤯
⚡ That means if you had invested ₹1 lakh in the alpha index 10 years ago, it would have grown to around ₹9.5 lakhs. The same amount in the Nifty 200 would have grown to just ₹3.9 lakhs.
But should you, as a beginner investor, consider adding alpha index funds to your portfolio?
Find out in this video - youtube.com/shorts/eTlzaO6tzr...
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Have you ever watched a cricket match where a batsman starts hitting sixes and fours, and suddenly it seems like they can do no wrong? That's momentum in action.
Now, imagine if you could apply this concept to your investments. Enter the world of momentum index funds – a fascinating investment strategy that's gaining traction in India.
Momentum index funds are mutual funds that invest in stocks that have been performing well recently. The idea is that stocks that have been going up will continue to go up, and stocks that have been going down will keep going down.
It's like creating a team with the in-form players, hoping their excellent form continues.
And historically, momentum index funds have shown convincing performance. Over the past 10 years, the Nifty 200 Momentum 30 has returned 23.3% annually, whereas its benchmark Nifty 200 has returned only 14.6%.
But before you jump on the bandwagon, let's break it down and see what exactly they are. And should you consider adding them to your portfolio?
Check out this video - youtube.com/shorts/U3JTtfE2QO...
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What should you do after falling for a financial scam/fraud? How to recover your money? 🤔
Financial scams are becoming increasingly sophisticated, and even the most cautious individuals can fall victim. It’s essential to act quickly and decisively if you’ve found yourself in an unfortunate situation.
Here’s what you should do after falling for a financial scam/fraud:
👉 Step 1: Don’t Panic, Stay Calm
The first thing you need to do is stay calm. Panicking won't help. Panicking can cloud your judgment and delay your actions. Take a deep breath and prepare to tackle the situation systematically.
👉 Step 2: Stop All Communication with the Scammer
If you realise that you’ve been scammed, immediately stop all communication with the scammer. 🛑
Scammers are skilled at manipulation and may try to extract more money or personal information from you. Block their number, email, and any other communication channels.
👉 Step 3: Document Everything
Gather all the information related to the scam. This includes:
- Emails, texts, and messages: Save any communication with the scammer.
- Receipts and bank statements: Keep a record of any transactions related to the scam.
- Screenshots: Take screenshots of websites, social media profiles, and advertisements used by the scammer.
- Details of the scam: Write down everything you remember about how the scam unfolded.
Having detailed documentation will be crucial when you report the scam.
👉 Step 4: Notify Your Bank or Payment Service
Contact your bank or payment service provider immediately if you have made any transactions related to the scam. Explain the situation and request them to:
- Block your account/cards: To prevent any further unauthorised transactions.
- Initiate a chargeback: For transactions made with credit or debit cards, ask the bank to start a chargeback process to recover the funds.
- Monitor your account: Keep a close watch on your bank statements and report any suspicious activity.
⚡ Based on RBI’s customer protection rules, as a customer, you won’t bear any losses if you inform the bank within 3 days of the transaction.
But if you report between 4-7 days, you might have to bear a loss of up to ₹25,000, according to your account. And if you report it after 7 days, your liability depends on the Bank’s Board Approved Policy.
So, report to your bank as soon as possible!
Check out this video - https://youtu.be/kB5aQ3oArcg?feature=...
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Should you add your credit card on UPI? Is it a smart move for you?
Currently, you can only add your RuPay credit cards on UPI. And to be honest, we don’t know whether the RBI will allow credit cards of other card networks like Visa and Mastercard to be added on UPI.
So, if you have a RuPay credit card, you can add it on any UPI app you like.
And if you don’t have a RuPay credit card, you can wait till Oct 1st, 2023, to switch your credit card network from any network to RuPay. Or you can apply for a new RuPay credit card as well.
But wait.
Before adding your credit card on UPI, you should know the benefits and disadvantages of adding your credit card on UPI. Check out this video - youtube.com/shorts/YFeZPbjlHb...
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Imagine you want to help someone pay for their medical expenses or fund their education.
Instead of giving them cash or transferring money to their bank account, you can send them an e-RUPI voucher directly to their mobile phone.
This voucher is like a prepaid gift card. They can only use it for specific purposes, such as medical treatment, education, or any other predefined service.
Check out more about how e-RUPI works here - youtube.com/shorts/1HlP8YPUP5...
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There are 3 major reasons why the Indian Government is promoting RuPay cards over Visa and Mastercard.
Check out our video on this topic - youtube.com/shorts/Rq2x0yHhNT...
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While digital transactions might seem secure because of encryption and authentication mechanisms, they're not immune to cyber threats.
Hacking, phishing, and data breaches could lead to unauthorized access to your digital wallet, resulting in financial losses and compromised personal information.
Also, while the Digital Rupee aims to make transactions more accessible, it's crucial to remember that not everyone has a bank account or access to the necessary digital infrastructure.
Initially, RBI announced anyone can access the Digital Rupee wallet without any bank account. But as of now, in the pilot, you need to link your bank account with the wallet to gain access and add money to your digital Rupee wallet.
In cash transactions, banks didn’t have any data on your spending. But through linking bank accounts to the Digital Rupee wallet, they may receive additional data on your spending.
Learn about a serious problem with RBI's Digital Rupee (E-Rupee) here - youtube.com/shorts/p_aV97YAGP...
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Imagine you're at your favourite local café, about to pay for that delightful cup of coffee with your debit or credit card. You swipe or tap your card on the payment terminal, wait for a brief moment, and voilà - your transaction is complete!
Behind this seamless exchange, a payment network is silently at work, ensuring that your payment reaches the correct destination securely.
In simple terms, a card network is a sophisticated system that connects various parties involved in a transaction.
Learn more about card networks in this shorts - youtube.com/shorts/QwqUyTk9EQ...
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Digital Rupee (E-Rupee) or the Central Bank Digital Currency (CBDC) is a digital version of the Indian Rupee issued by the Reserve Bank of India (RBI).
Is it similar to UPI?
Check out our shorts on this topic - youtube.com/shorts/ZVPxeh95zW...
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