Best health insurance

To choose the best health insurance policy, you have to keep the following things in mind.

• Coverage: It is essential to choose the right coverage. Therefore, you should have a look at the inclusions and exclusions of the plan.
• Budget: Since the budget is an important factor, you should find a policy that is affordable.
• Type: You should be clear if you want to opt for you or a family health insurance plan.
• Network hospital coverage: This plays an important role in choosing health insurance. Thus, you should check the list of hospitals before buying the plan.
• Compare Quote: You can easily compare prices for different plans online easily.
• Claim settlement ratio: It is essential to opt for an insurance provider who has a high value of this ratio in the last year.
• Age-renewal: You should choose a policy that has a maximum age renewal. It is recommended that you choose a plan with lifetime age renewal.

Health insurance plans

You should know the type of plans available in the market. It can be categorized into the following ways.

• Individual Health Insurance
• Family Floater Health Insurance
• Critical Illness Insurance
• Hospital Daily Cash Benefit Plans
• Senior Citizen Health Insurance Plans
• Group Health Insurance

Top health insurance companies

There are a number of companies that offer health insurance. Hence, here’s a list of top providers.

• Aditya Birla
• Religare Care
• Apollo munich
• Cholamandalam
• Bharti AXA
• Digit 
• Edelweiss
  
• HDFC Ergo
• IFFCO Tokio
• These companies have a wide range of health insurance plans.

Health insurance plans for family

• It covers all the family members at a single premium.
• This plan includes self, spouse, parents and children. Thus, any family member can claim it.
• The sum insured is divided equally among the members. Thus, it covers all the members at a lower premium.
• The premium is calculated on the basis of the age of the eldest member. However, it may also depend on the member who has any medical problem.
• It provides assistance against hospitalization and surgical expenses. Thus, a single premium can save the expenses for all the members. However, the coverage will depend upon the sum insured for a single member.
• It helps to reduce the financial burden on the family. Hence, it provides financial security and peace of mind.

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Large Cap Funds:

• These funds belong to big companies. These companies hold a firm position in the Top 100 list in the stock market. These companies are also known as Blue Chip companies.
• The large-cap funds have a high market capital value. Therefore, investors expect a stable return from these funds.
• Investing in such funds are a lower risk. Large-cap mutual fund investors cannot expect a very high return from these funds. In conclusion, the safe play investors usually choose these funds.

Mid Cap Funds:

• Moderate risk investors ideally choose mid-cap funds.
• It can deliver better returns than large-cap funds.
• The liquidity is less than that of a large-cap fund.

Small Cap Funds:

• Small-Cap funds belong to the small-sized or budding companies.
• These funds may generate a good return. Therefore, these are the riskiest bids in mutual funds. 
• These funds are highly volatile and have very low liquidity.
• The investors having a high-risk profile invest in small-cap funds.
• These small-cap funds show exponential growth. In other words, they return higher in the long term.

Equity Linked Savings Scheme (ELSS):

• It is one of the most popular investment schemes. It has dual benefits of high returns as well as tax exemptions.
• These funds have a 3 years lock-in period. Hence, it is definitely a tax- saving investment option.
• ELSS can return a good amount at the time of maturity. So, investing in ELSS can help you beat inflation as well.

The equity mutual funds can be categorized based on sectors and themes as well. Investment in different types of funds is the key to high returns through mutual fund investment. Therefore, a budding investor or a savvy investor can invest in different equity funds to generate wealth over a long period. 

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What are arbitrage funds?

Arbitrage funds are not like equity funds or hybrid funds.

• These funds take advantage of the price differences between the returns of selling and purchasing of securities. Hence, these funds invest in short term debt.

Can arbitrage funds give negative returns?

• Arbitrage funds are indeed a low-risk investment. However, it does not imply that it cannot give negative returns.
• These funds are highly volatile and have an unpredictable payoff. Moreover, if the arbitrage fund is withdrawn before the expiry date, there is a high chance of negative return.

Best arbitrage funds of 2020

Here’s a list of best performing arbitrage funds of 2020.

• BNP Paribas Arbitrage Fund.
• L&T Arbitrage Opportunities Fund.
• SBI Arbitrage Opportunities Fund.
• Edelweiss Arbitrage Fund.
• Aditya Birla Sun Life Arbitrage Fund.
• Nippon India Arbitrage Fund.
• Kotak Equity Arbitrage Fund.

Arbitrage funds Taxation in 2020

• Arbitrage funds are taxable.
• The taxation on arbitrage funds is similar to that of equity funds.
• If these funds have been held for more than one year, the capital gain is taxed as per the Long Term Capital Gain (LTCG) rate. It is generally lower than the income tax rate.
• LTCG rate is 10% with indexation. However, long term capital gain up to Rs. 1 lakh is tax-free.

Arbitrage fund dividend taxation

Dividends earned from these funds are tax-free. However, the AMC has to pay dividend distribution tax (DDT) at the rate of 11.648%.

Are arbitrage funds better than liquid funds?

Arbitrage funds provide a better return than liquid funds. Moreover, these funds are more tax-friendly. However, Liquid funds are considered to be far better than arbitrage funds in terms of liquidity.

STP from arbitrage fund

• Systematic Transfer Plan (STP) is a profitable scheme to invest in an arbitrage fund. However, STP from the arbitrage fund would make it taxable at Short Term Capital Gain (STCG) rate.
• STP from arbitrage after one year of investment can give a better return even after deducting tax.

Arbitrage funds risk

Arbitrage funds are ideally low- risk investment for the long-term. Though these funds are highly volatile, there is almost no risk involved in the investment. It may seem risky to an investor in two cases-

• First, if there is a lack of arbitrage opportunities in the market.
• Second, if the investor is planning for a short term investment.

Arbitrage funds calculator

There are several online arbitrage funds return calculators. You have to fill up the details. It will display the expected returns. You can calculate the returns even before investing in the fund.

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Liquid fund

• Liquid funds do not give negative returns. Hence, these are risk-free debt funds.
• Liquid funds have a maturity of 91 days or less.
• It gives a higher return than a bank savings account. Moreover, it provides better liquidity. The reason is that most companies offer instant redemption of liquid funds.

Short term fund

• The maturity of short term funds ranges from 1 year to 3 years.
• It provides steady returns. Moreover, these funds are a low-risk investment as they remain unaffected by interest rate movements. However, it provides lower liquidity than liquid funds.

Ultra short term fund

• These funds are similar to short term funds.
• The only difference is that the investment period is shorter. The maturity period for ultra short term funds is 3 months to 6 months.
• It provides a lower return than the other debt funds. However, these funds are less risky.

Gilt fund

• These are ideal for risk-averse investors.
• The gilt fund invests only in Government bonds and securities.
• It can be considered as one of the safest investment options.
• There is low credit risk in such funds.

Corporate bond fund

• It invests only in bonds issued by corporate companies.
• Corporate bonds are ideal for long term investment.
• It is relatively a safe option for investment for 1 year to 4 years.

Credit risk fund

• These debt funds invest in bonds with lower ratings. It means that the credit risk fund investment is risky.
• There is a chance of default. However, it can deliver a higher return in case of long term investment.

Overnight fund

• As the name suggests, the overnight funds mature in 1 day.
• It generally invests in CBLOs, overnight reverse Repos, overnight securities, etc.
• It is a safe investment option. However, it usually delivers low returns than other debt funds. 

The debt funds are a low-cost investment option that can help you fulfill your financial goals. It can help you to generate wealth in the long run. Debt funds involve a lower risk than equity funds. But you should always consider the pros and cons before investing.

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Debt funds invest in bonds and securities to generate wealth in the long term. It is a safer investment option than equity funds. It can deliver steady returns in long terms.

Debt funds types

Debt funds can be classified into the following categories.

• Liquid Funds: These are generally risk-free. Moreover, it provides greater liquidity and better returns than fixed deposit accounts.
• Short term and Ultra short term funds: These are investment ideal for short term investment. The maturity of such funds generally ranges from 3 months to 3 years.
• Overnight fund: These are one-day investment option. It is almost risk-free but has a low return.
• Credit Risk funds: It is ideal for an investment of 3 years to 5 years. These funds are riskier than other debt funds. Hence, there may be defaulters and you may lose your invested money.
• Gilt Fund: It is one of the safest debt funds. It invest in highly secured Government funds. Hence, it has very low risk involved.
• Corporate funds: It invests in securities issued by corporate companies. It is ideal for an investment of 1 year to 3 years.

Top 5 debt funds 2020

The top 5 debt funds of 2020 are:

• DSP Government Securities Fund – Regular Plan – Growth
• Reliance Income Fund – Growth Plan
• Edelweiss Government Securities Fund Regular Growth
• L&T Triple Ace Bond Fund Growth
• Aditya Birla Sun Life Floating Rate Fund Regular Plan Growth

Debt funds vs FD

Debt funds are known to be a better investment option than Fixed deposit for the following reasons.

• Better returns: Debt funds can deliver higher returns than fixed deposit accounts.
• Greater liquidity: Short term debt funds provide more liquidity to the investor.
• Flexibility and Transparency: Unlike fixed deposits, debt funds give you the transparency to know where your money is invested. Moreover, you can flexibly choose where to invest.

However, considering the risk factor, a fixed deposit gets preference to debt funds.

How to invest in debt funds?

• Choose the debt funds to invest in based on the risk profile and term of the investment.
• Find a fund manager. There are several fund managers online and offline.
• Do the paperwork required.
• Invest in your desired debt funds.

Debt funds taxation

Capital gains on debt funds are taxable

• If the investment is withdrawn before 1 year, the capital gains are taxed on the Short Term Capital Gain (STCG) rate.
• If the investor stay invested in debt funds for more than a year, the capital gains are taxed at Long Term Capital Gain (LTCG) rate. LTCG rate is generally lower than the income tax rate.

Can debt funds give negative returns?

Debt Funds are generally safer than equity funds.

• It can be considered as almost risk-free. However, since these funds are a market-linked investment, there is a chance of negative returns.
• If the investor withdraws before the maturity date, it may lead to negative returns as well.

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How to invest in Mutual funds?

Here’s a quick guide to knowing how to invest in mutual funds.

• Have a clear investment goal: You should be clear about your purpose. Firstly, how much you want to invest. Secondly, how long you want to invest. And finally, how much return you want.
• Know your risk profile: You should clearly know your risk tolerance.
• Choose investment medium: There are several ways to invest in mutual funds. You can choose an offline or online fund manager. Moreover, you can invest through different mobile apps as well.
• Get your basics clear: Since you are investing your hard-earned money, you should study a bit about mutual funds. Therefore,learn about the types of mutual funds, terminologies and the market trends.
• Choose the mutual fund: You have to choose the mutual funds to invest in.
• Do the paperwork: You have to comply with the KYC guidelines. Thus, you have to submit the required documents.
• Invest: You can finally invest on the desired mutual funds through your fund manager.
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Mutual fund benefits

• Professional management: Expert fund managers handle mutual funds for you. Hence, they keep track of the market to generate favourable returns for you.
• Higher returns: Mutual funds can deliver higher returns than other investment options.
• Low-cost: For instance, you can start investing in mutual funds even at Rs. 100. Thus, it is a low-cost investment giving high returns.
• Diversification of risk: Mutual fund portfolios allow investors to invest in different funds. Hence, this reduces the risk of negative returns on the entire investment

Mutual funds investment calculator

Returns can be calculated even before investing. This can be done by using a mutual fund investment calculator. You can get it online easily.  You have to enter the following details in the calculator.

• Select the mutual fund you are planning to invest.
• The amount you want to invest
• Mode of investment: Lumpsum or Systematic Investment Plan (SIP)
• The period of investment

The mutual fund calculator shows the expected returns within a few seconds. However, the result is shown based on the recent trend of that mutual fund.

How to choose right mutual funds?

Certain factors help to choose the right mutual fund for you. 

• Your risk tolerance profile.
• Period of investment
• Investment mode: Lumpsum or SIP
• Return expected.

Moreover, you should think about the liquidity you want. This is because most mutual funds have a holding period. You can use the above factors as filters. Thus, you can easily choose the right mutual funds.

Best mutual fund for SIP

• Axis Bluechip Fund
• Mirae Asset Large Cap Fund
• SBI Magnum Multicap Fund
• SBI Bluechip Fund
• ICICI Prudential Bluechip Fund

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SBI credit card apply

• You can apply for the SBI credit card offline by visiting the nearest branch.
• You can apply for it online as well. SBI offers different types of credit cards. Thus, you should compare the features and choose the suitable one.
• For applying online, the customer should provide some information. Firstly, personal details such as names, email id, contact number. Secondly, Professional details such as profession and income. Lastly, residential address.

SBI credit card online login

The customer can log in by using his user ID and password to view and pay  SBI credit card bills.

SBI credit card types

• SimplyCLICK SBI Card
• Yatra SBI Card
• SimplySAVE SBI Card
• FBB SBI STYLEUP Card
• IRCTC SBI Platinum Card
• Air India SBI Platinum Card
• BPCL SBI Card
• SBI Card PRIME
• Air India SBI Signature Card
• SBI Card ELITE

SBI credit card payment

• The annual charges of SBI credit card differ according to the card type. However, the dues must be cleared in the cycle of the credit card.
• You can make the payment online by using net banking. Moreover, you may opt to pay via auto deduction from your linked bank account.
• In addition, you can pay by using SBI YONO as well.

SBI credit card customer care

• SBI has a helpline number for its customers. In case your credit card has been misused, you can instantly contact them. Moreover, you can contact them if the credit card is lost.
• Therefore, all you have to do is to dial 1860 180 1290 to reach out to the SBI credit card customer care.

SBI credit card apply minimum salary

For a salaried person, the minimum salary for applying to SBI credit card is Rs.20000. However, a self-employed individual should have an annual income of Rs. 4 lakhs to apply for SBI credit cards.

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Advance tax dates

• You need to pay the advance tax in the same financial year when you receive the income. Hence, the calculation of the advance tax is done in the cycle of every financial year.
• You have to fully pay on or before 15th March. However, an individual may pay in parts throughout the year as well.

Advance tax challan

• The banks authorized by the Income Tax department collect advance tax through payment challans. However, you can submit the advance tax through the online portal as well.
• You can submit the advance tax using Challan 280.

Challan 281

• The Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) is collected by issuing Challan 281.
• You can submit income tax Challan 281 through the online or offline process.
• In case of offline submission, you have to make the payment via cash or cheque.

Challan 280

• The collection of Income tax is done by issuing Challan 280. It includes the Advance tax also.
• You can submit income tax along with Challan 280 through the online as well as an offline process.

Income tax challan 280 online payment

• For online payment of income tax, visit the official website of the Income Tax department.
• Go to the e-payment section
• Select Challan 280
• Fill up personal details such as PAN or TAN number, address of the taxpayer, etc.
• You have to select the accounting head or type of income tax.
• Make the payment through net banking or using your debit card.

Income tax challan 281 online payment

The process for submitting income tax along with Challan 281 is similar to that of Challan 280.

• For online payment of income tax, visit the official website of the Income Tax department.
• Go to the e-payment section
• Select Challan 281
• Select Deductee
• Fill up personal details such as PAN or TAN number, address of the taxpayer, etc.
• You have to select the accounting head or type of income tax (TDS /TCS).
• After that, you have to make the payment through net banking or using your debit card.

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HDFC credit card apply

You can apply for HDFC credit cards online or by visiting the nearest branch. However, HDFC provides an online portal to apply for credit cards. Hence, you have to share the following details to apply for HDFC credit card.

• Age
• Income
• PAN number

HDFC credit card offers

Every HDFC credit card has its own set of offers for the customer. Here is a list of some credit card offers provided by HDFC credit card.

• You can get a discount of up to Rs. 10000 for international flight fares and hotel bookings.
• You can also get discounts on different shopping sites and shops such as Koovs, Bata etc.and also for dining in its partner restaurants.
• You can also avail offers on entertainment and events.

Hence, HDFC credit card provides offers in most of the goods and services, travel or dining sectors.

HDFC credit card types

• HDFC Bank Regalia First Card
• Diners Club Black Card
• Regalia Card
• Freedom Credit Card
• Money Back Credit Card
• Titanium Times Card
• Diners ClubMiles Card
• Platinum Times Card
• JetPrivilege HDFC Bank Diners Club

Hence, from the above list, we can see HDFC provides a wide range of credit card options.

HDFC credit card customer care

HDFC has set up credit card customer care number to help its customer to resolve any issue. Moreover, this helpline number is active round the clock and is toll-free. Thus, you can get in touch with HDFC credit card customer care by dialling 1800 425 4332.

HDFC credit card apply minimum salary

The minimum salary for applying for HDFC credit card is Rs. 12000 per month in case of a salaried person. However, for a self-employed person, the income should be at least Rs. 2 lakh per annum to apply for HDFC credit card.

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Apollo Munich health insurance login

• The customer can check the details of the health insurance plan just by logging in to the account.
• You have to provide an email/member ID  and password to log in.
• If you have forgotten the password, you may use the ‘Forgot password’ button to reset the password.

Apollo Munich health insurance renewal

• You can renew the plan by visiting the nearest branch. In addition, you may renew it online as well.
• The payment for renewal can be made 60 days prior to the policy expiry date. Moreover, it provides a 30 days grace period.
• The renewal premium depends on the age and medical condition of the applicant.

Apollo Munich health insurance plans

• It provides health insurance plans for individuals and families. Moreover, it has special plans for senior citizens.
• You can easily view different plans on their official website.

Apollo Munich health insurance hospital list

Just like every health insurance provider, Apollo Munich has a network of partnered hospitals.

You can easily find the list of network hospitals on their website. Moreover, you can search for the nearest network hospital. You have to provide your location details.

Apollo Munich health insurance review

The average customer review state the following facts about the policies.

• Good coverage at an affordable premium
• Easy and hassle-free claim settlement
• Good customer care service

Thus, you can choose Apollo Munich to purchase a health insurance plan.

Apollo Munich health insurance Toll Free Number

• You can easily get in contact with Apollo Munich. You have to dial their toll-free customer care number.
• The customer care is active throughout the day. Thus, you can reach out for assistance anytime.
• The customer care number is 1800 102 0333.

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