Tata Small Cap Fund: NFO review - RupeeIQ

Tata Mutual Fund launched a new fund in October 2018 called the Tata Small Cap Fund. This fund closed on 2nd November. This fund is announced to be benchmarked against the Small Cap 100 TRI Index. This index is maintained by Nifty for the stocks of companies with small market capitalizations. The surprising thing is that Tata Mutual Fund, which has been around for several years now, never had a fund dedicated solely to small cap funds.

Before we get into the pros and cons of this fund, let us take a quick look at its basic structure. It is a growth plan which offers dividend options as well. You can invest in it directly (through direct plan) or through an agent (regular plan). The minimum investment amount is Rs. 5000 and in multiples of Re. 1 thereafter. It doesn’t carry any entry load, but there is an exit load of 1% of NAV (on the day of redemption) if the investor is exiting within
2 years of the investment.


Given the background of the last year, an investor’s first thought might be about the fall in most small cap and mid cap funds in this year. But according to the fund manager, Mr. Chandraprakash Padiyar, the time is now right to get into small caps, owing mainly to how low their valuations are at present. Mr. Padiyar has a number of years of experience with UTI AMC and Alchemy before he joined Tata Mutual Funds.

It is also useful to take note of the fact that SEBI has now mandated that the small cap universe would start after the 250 th company in the market (in terms of market capitalization). As a result of this re-categorization, many stocks which were earlier categorized as midcap would now be labelled as small cap, thereby increasing the universe from which this fund could select its investments.

Typically, small cap stocks belong to companies which are starting off on their journey and have a long distance to cover in terms of growth. Their stock prices also reflect this same opportunity for growth, which is why Tata Mutual Fund is hoping for great returns on this fund, because 65% of its corpus would be invested in small cap stocks. The outlook for small caps is also positive because of the continuous corrections they have seen for more than a
year, which makes their present valuations very attractive.

The biggest advantage of this fund is that unlike the existing funds in the small cap segment, this fund is much smaller in size. This is likely to make it more flexible and better placed to draw good returns. The older funds in this space look a bit unwieldy because of the size they have grown to. This seems to be one of the strong points of this fund.

5 Best Credit Cards in India: Compare & Apply Online

When you need a new credit card, you can simply log on to the bank’s website from the comfort of your home and apply for a credit card online. Your CIBIL score should be upwards of 700, and you must be able to show a proof of salaried or business income. Additionally, your KYC documents proving your identity and address would be required. But before all of this, you need to compare the different options available. Let us tell you our pick of the best five credit cards in India in 2018.

1. American Express Gold Card – This card is costlier than most others but loaded with features. You pay Rs. 1000 as joining charges and Rs. 4500 annual fees. There is no spend limit on this card, and you just need to repay the monthly outstanding by due date. If you can use it thrice within the first 2 months, you get a whopping 4000 reward points. You can redeem your reward points with high quality jewellery.

2. HDFC Bank Moneyback Card – This card is structured differently from the others on this list, and you need to pay no joining fees or annual fees. Yet the rewards structure is no less than other cards – you get 2 reward points for every Rs. 150 spent, and the points can be redeemed at the rate of Rs. 40 for every 100 points. If you spend online using this card, then you get three times the reward points as spending at point of purchase.

3. State Bank of India Simply Save – You pay just Rs. 499 as joining charges for this card which is accepted at establishments and ATM machines worldwide. You can use it to make payments for your point of sale (POS) purchases, and also to withdraw money from ATM machines. Your first ATM withdrawal using this card would earn Rs. 100 cashback for you. The POS usage provides 4 reward points for every rupee spent, and a fuel surcharge of 2.5%. In case you are making a big spend using this card, you can also convert the outstanding to a monthly repayment arrangement.

4. Standard Chartered Manhattan Platinum – This card has a joining fee of Rs. 999 only. Every time you use this card for a purchase of Rs. 150 at shops, you get 5%cashback to your card. You are eligible for three times the reward points at other locations. Apart from these features on this card which are available throughout the year, Standard Chartered also announces special cash back offers and other discounts from time to time.

5. ICICI Bank Coral Card – This card carries a very low joining fee of Rs. 199, but the first year you do not need to pay the usual annual fees that other cards charge. Whether it is shopping, movies or refuelling of vehicles, this card has some sweeteners for all these three purchases that you usually do. Fuel payments give you 2.5% cashback, dining out provides up to 15% savings, and for 2 movie tickets every month, there is a discount of Rs. 100.

India's Oldest Mutual Fund Schemes

Instead of a single person buying shares of certain company, a mutual funds allows many
investors to pool their resources and have a common buying/holding strategy for the funds
so collected. The income generated by such investments is again distributed among all
investors in the ratio of the units of the mutual fund held by them.

While the US and European stock exchanges began much earlier and have evolved much
faster, the mutual fund industry in India began as late as 1963. The first asset management
company was Unit Trust of India (UTI), which was jointly formed by the Government of India
and the Reserve Bank of India. They were the only player in the field for more than two
decades. In 1987, India’s largest bank, the State Bank of India, branched out into mutual
funds. Again there was a lull for more than 5 years, when SEBI allowed private players to
come up with mutual fund offerings, and within the next 3 years, our regulator, SEBI, came
up with the necessary regulations for mutual funds.
Most of the mutual funds introduced in those decades have closed down, but there are still
a few old mutual funds which are still going strong. For each of these funds, if you had
invested in a monthly SIP of Rs. 5000, then you would have seen your investment value rise
to anywhere between Rs. 1.5 to Rs. 2 crores. Here is a brief introduction to five of these old
mutual funds:

• HDFC Equity Fund: HDFC was one of the first private players in this space, and this fund was one of their earliest offerings in 1995. The reason for it still being so popular is that it has given an average compounded annual return of more than 23% in the last two decades.

•  Franklin India Prima Fund: This fund was started even earlier, in 1993. It still remains one of the most popular mutual funds of Franklin Templeton. In the last year, the returns have been an impressive 14.66%. It has an average assets under management (AUM) of almost Rs. 6000 crores.

• Reliance Vision Fund: This fund was also launched in 1995. A good asset allocation process and a competent fund manager has helped it provide almost 20% annual returns in this period. In recent years the fund did see some volatility and lowered returns, but it has again begun to bounce back now.

• Tata Large Cap Fund: This fund was christened the Tata Pure Equity Fund when it was launched in 1997. It is a large cap fund which has still managed to give more than 21% returns in these 2 decades. The fund targets good returns in the medium to long term, and 100% asset allocation is in the stocks of large-cap blue-chip companies.

•  ICICI Prudential Long Term Equity: This is the youngest fund in this list, and was launched in 1999. True to its name, it has done well in the long term. But its returns in the last 10 years have been around the 13% mark.

Get more information about our articles by visiting us at: https://www.rupeeiq.com/content/indias-oldest-mutual-fund-schemes-give-18-21-annualised-returns-since-launch/

Benefits of A Zero balance Savings Account of Axis Bank

A zero balance account can save the account holder the hassle of having to keep the required balances throughout the month and quarter. Axis Bank has become one of the leading banks of the country in less than 3 decades. It
offers the whole gamut of asset and liability products. In the savings accounts portfolio they
have a zero balance savings account as well. The zero balance savings account of Axis Bank
is called ASAP (which is an acronym for As Soon As Possible). Before we see what the
benefits of this account are, let us understand what zero balance savings accounts are.
A bank incurs several expenses when you open an account with it. Most of the specific
expenses are recovered by it in the form of charges and fees, like debit card annual fees,
ATM usage , cash withdrawal etc. For all the other expenses, and to make the account
profitable for the bank, another system has been put in place by banks. They require
account holders to maintain a minimum monthly average balance (MAB) or quarterly
average balance (QAB). These amounts are the respective sums of the daily closing balances
over the month or the quarter, divided by the number of days in the month or quarter.
While most banks have the minimum requirements of MAB and QAB, the zero balance
accounts are those which do not have any such conditions.
A zero balance account can save the account holder the hassle of having to keep the
required balances throughout the month and quarter. It provides increased liquidity to the
account holder and also allows him to juggle his expenses better without missing out on any
deadlines or dates on account of having to maintain a certain balance. And if the zero
balance account also offers attractive gifts on usage , then there’s nothing like it. Let us look
at the specific benefits of a zero balance savings account of Axis Bank.
 The ASAP account can be opened online easily, and you do not need to physically
visit any branch to initiate the documentation.
 The facility of opening the account online is only for ASAP accounts whose balance
would never exceed Rs. 1 lakh. But if you plan to exceed Rs. 1 lakh as your account’s
balance, then you would need to visit the branch for completing KYC process in
person.
 You get an offer-packed Rupay Platinum Debit Card with your ASAP account.
 The maximum amount you can shop for at a point of sale counter using this card is
Rs. 1 lakh daily. All spends would also give you the Edge reward points of Axis Bank.
 When you use this debit card for ATM withdrawals, your daily limit is Rs. 40000.
 The Rupay Platinum debit card also offers you dining discounts of 15% at Axis Bank
partner restaurants, or the equivalent amount as cashback A bank incurs several expenses when you open an account Let us look at the specific benefits of a zero balance savings account of Axis Bank .
 This account also has a flexible interest structure. For average balances less than Rs.
50000 you get 3.5%, but for balances higher than that you get 4% interest.
 All balances above Rs. 10000 would also get auto-swept into a fixed deposit with
much higher rate of interest.
 25 multicity cheques are issued free per quarter for this account, anything more than
that would attract charges.ATM usage; 
for more details:- Rupeeiq.com

Best Family Health Insurance Plans

Compare Best Family Health Insurance Plans in2018

India’s population is more than 135 crores now, and of this, less than 35 crore people are covered by government health insurance. The recently announced Ayushman Bharat scheme does aim to cover 50 crores people, but it is directed at only the poor and marginalized sections of society. The ultra-rich can take care of their medical expenses easily. So that leaves the majority of the lower to upper middle class to fend for themselves. This is a list of the best family health insurance plans available in 2018.

Religare Care – There is no maximum entry age for this family floater policy, and you can add up to 6 family members in the policy. Instead of rewarding a no-claim year with increased coverage, this policy reduces the next year’s premium by 50%, and the reduction progressively goes up to 150%. Most of the pre-hospitalization, post-hospitalization and ambulance expenses are covered. If any of the insured people have a pre-existing disease, there is a waiting period of four years for coverage of that illness for that person.

Max BupaHealth Companion – You can add up to 4 adults and 2 children in this family health policy. In case the claim amount for the 6 members exceeds the covered amount, then the insurer would auto-refill the sum assured. Children of age 3 years and above can be added, while adults need to be at least 18 years to get included in this policy. The maximum insured amount in this policy is 1 crore. If there are 5 consecutive no-claim years, the sum assured is doubled.

BajajAllianz Family Floater Health Guard – This policy provides coverage of up to Rs. 10 lakhs for a maximum of 6 family members. You get coverage of pre-hospitalization expenses for up to 60 days before the hospitalization, and of post-hospitalization expenses for up to 90 days after discharge. Every no-claim year gives you an annual bonus of 5%, which can go up to a maximum of 50%. The maximum entry age for adults is 65 years.

HDFC Health Suraksha – Apart from the pre-hospitalization and post-hospitalization coverage that most other policies provide, this policy also gives you coverage for day-care or in-house treatment and also ambulance expenses. There is no maximum entry age for this policy, which provides the convenience of lifelong renewability. The sum assured amount for this policy can range from Rs. 3 lakhs to Rs. 7.5 lakhs. If you are declaring any pre-existing disease, then you would get coverage for expenses related to that illness only after completion of the fourth year.

SBILifeSmart – You can get coverage for up to 6 members of your family for a maximum sum assured of 5 lakhs with this policy. All pre-existing diseases would attract a waiting period of 28 months before they are covered. There is no bonus from the insurer even if have any claim free years, and the premium amount stays unchanged. You get the benefit of coverage for day care, surgeries, ICU charges and a daily cash benefit during hospitalization, for meeting additional expenses.

for more details:- Best Family Health Insurance Plans 

Comparison Between LIC Jeevan Akshay VI and Fixed Deposit

Are you looking for the long term pension goal with minimum investement? Then, you should go into Jeevan Akshay. It's more attractive than band FD.

Jeevan Akshay VI

Here, you pay a lump sum to LIC and in return, LIC pays you a fixed sum of money for a certain period of time.

Eg: You pay LIC a sum of Rs 10 lakh on 1st January 2017. In return, LIC pays you Rs 60,000 per year (pre-tax) for the rest of your life.

Eg: You pay LIC a sum of 10 lakh on 1st January 2017. In return, LIC pays you Rs 50,000 for the rest of your life and the same amount after your death to your wife for the rest of her life.

You can get this money monthly, quarterly or annually, as per your choice. This type of pension plan is called an ‘annuity.’ There are many types of annuities. The annuity types offered by LIC under Jeevan Akshay VI are:

Annuity for life

This is the simplest version of an annuity. In this option, you pay a lump sum to LIC and in return, LIC pays you a fixed sum of money for the rest of your life. The annuity payments stop when you die. If the total amount you have received from LIC over the years is less than the lump sum you paid, too bad. However, in return for this feature, the annuity rate in this type of plan is higher than the other options on offer. The rate offered also increases rapidly as you grow older (because statistically, you are more likely to die with advancing age).

New Jeevan Nidhi

This a conventional insurance policy which offers you a sum assured on your life and also a return linked to the profits earned by LIC.

It also gives you:

1. Guaranteed additions equal to 5% of the sum assured for each completed year with the policy for the first 5 years.
2. A simple reversionary bonuses and final additional bonus

It is difficult to work out the return on this policy because it is linked to the profits that LIC is offering to share with you. These depend on the performance of the company.

On maturity, you can use the amount you receive to buy an annuity from an LIC in two ways.

1) The annuity can either start right away or

2) You can invest the matured lump sum as a single premium for a policy that will mature further down the line.

Airtel Payments Bank Announces Additional Benefit on Savings Deposits

Airtel has been relentlessly expanding its telephone and data services across the country. But that is the core competency of Airtel. Recently, Airtel has also branched out into the non-banking payments space. We had already been seeing the proliferation of e-wallets in India, and Airtel had already created a presence in that space with its Airtel Money offering. This was being widely used by clients to make a variety of payments, mostly of Airtel postpaid bills. The next logical step by Airtel was to open a payments bank, which it finally did in 2016.

Let us first what a payments bank is, and how it differs from a conventional bank. In line with the Government’s push to bring more and more people in the country into the banking mainstream, the RBI has mandated the opening of payments bank across the country. These banks would be designated as non banking financial institutions. Their functioning would be quite similar to the e-wallets. But they would actually be allowed to open current and savings accounts for clients and pay interest on them as per RBI mandates, whereas payment wallets would just function as temporary repositories for keeping cash. The mandate for payments bank does not include (so far) the opening of fixed deposits and giving loans.

Airtel payments bank was launched in line with these very guidelines of RBI. The large unbanked part of the population might not have access to banking branches, but they were sure to have a mobile phone and a mobile number. The Airtel payments bank would use the same Airtel phone number as the account number of the payments bank account. This would sharply increase the reach of banking services in the interiors. The savings account in the Airtel payments bank would also provide normal interest to the account holder. At present, Airtel is providing the same rate of interest as banks, at 4%.

Airtel would not have branches or even ATMs. They would instead set up Banking Points from where people could withdraw money from their accounts if they needed cash themselves instead of making payments through the wallet. Airtel hasn’t planned on additional infrastructure for these Banking Points. Their existing stores or certain existing stationery or grocery stores in each neighbourhood would function as the Banking Point for that area.

Instead of withdrawing cash, if cash needs to be remitted to someone, the Airtel payments Bank would facilitate that as well. That would require the account holder to have an Airtel Money e-wallet, from which the remittance would be facilitated. Let us also see how the Airtel payments bank account can be opened.

The account opening process takes advantage of the fact that the Aadhaar card of every person is issued only after collection of biometric data including fingerprints. Most phone numbers have their Aadhaar numbers linked and authenticated already, so a simple scan of the fingers on your smartphone would enable the My Airtel or Airtel payments bank app to validate your finger scans with your Aadhaar number.

For more info: airtel payment bank interest rate

Top Credit Cards with No Annual Fees

It was almost three decades back that the Indian economy started opening up. This not only gave a boost to the nation’s balance of payments, but also opened a whole new world of conscious consumption on the part of the Indian consumer. The Indian consumer became more and more willing and able to realise her dreams at a very young age, instead of saving money her whole life. The related development that aided this change in spending patterns was the easy availability of loans and credit.

Loans involved a lot of paperwork and in many cases (home loans, business loans, car loans) required a collateral (in property or cash), and therefore credit cards became a much more convenient option. Based on the depth of the relationship with a particular bank and the repayment capacity, several banks started issuing credit cards with minimal paperwork and quick processing. Almost all credit cards allowed the user a period of a month or more to utilise interest free credit on the amount spent. The borrower only had to pay an annual charge for the credit card. Gradually, banks started competing on the reduction of annual charges, to attract more and more users. We now have several credit cards which do not charge any annual fees but provide a plethora of attractive features. Here is a list of the best cards with zero annual fees.

1.     IndusInd Bank Pinnacle Card – You do not pay any annual fees at entry for this card, nor do you pay anything for renewal of the card every year. The bank has specified a one time joining fee of Rs. 1 lakh, though, which might seem a bit steep initially but becomes affordable if you use the card for an extended period over several years. You get 2.5 spend points for every rupee spent for online purchases using this card.

2.     ICICI Bank HPCL Coral Card – The zero annual fee has a few riders here. The first year’s annual fee is actually zero, and the second year would also be free if you can use the card for spends of at least Rs. 50000 during the first year. People who spend a lot of money on fuel will find this HPCL co-branded card very attractive because the fuel charge is completely waived. Additionally there are several other attractions on reward points, movie ticket purchases etc.

3.     Citibank Rewards Domestic Card – This is one of the most popular cards from the Citi stable, and a high flying user will find several benefits on logging in frequent flier miles, fine dining and purchase of premium products. The waiver of annual fees of Rs. 1000 is applicable only if you can spend at least Rs. 30000 in the year.

4.     HSBC Platinum Card – You are charged neither any joining fee nor any annual fee when you sign up for this attractive offering from HSBC Bank. What’s more, the amount spent in the first 90 days of usage gives you a whopping 10% cashback subject to a minimum spend of Rs. 10000. But for cash back after that, you need to have 3 separate transactions of any amount every month.

5.     SBI Simply Save Card – The annual fee waiver on this card has some fine print. The fee of Rs. 499 would be charged initially, but would get reversed if you can spend up to Rs. 90000 in the year using this card. The reward points structure of this card is designed to encourage point of purchase usage (restaurants, malls, grocery shops etc.) more than online purchases, so you need to keep that in mind.

       These five credit cards can be used for good rewards and also without the burde

 For more Info : Top Credit Cards with No Annual Fees

Best Debit Card Offers In India

There are still several people who are not able to distinguish between a credit card and a debit card. A credit card is like a license to take an unsecured personal loan with a tenure of around a month (or a little more if you can time your spend right). A Debit card, on the other hand, is just a vehicle you are provided with in order to use your own money kept in your savings account. While a credit card can be a blessing when you are in urgent need of money which you know you can pay back later, the fact is that a credit card in hand actually encourages many of us to go ahead and buy things which we do not really need.

Banks are encouraging increased use of debit cards for two reasons. First, it reduces the footfalls at the branches for cash withdrawals, allowing banks to provide better service to the walk in customers. Second, you can only spend using your debit card when your account has adequate money, so debit card usage prompts you to keep your accounts funded, which is good for the banks. This is the reason why banks offer a gamut of points based offers and freebies on their debit cards. Depending on the savings account variant you have, you are offered debit cards loaded with goodies which encourage you to spend more and more using your debit card. Let us take a quick view of the most attractive best debit card offers in india, based on the offers they provide.

HDFC Titanium : Owing to its huge number of salary account holders, HDFC Bank has come up with this shopping card aimed specifically for its salary account holders. You can withdraw as much as Rs. 50000 at any of the bank’s ATMs using this card. The cashback on the fuel station spends is another attractive feature of this card. Bill payment is made secure with this card with the help of the Secure Code feature on this card. When you are shopping using this card, you needn’t worry about big ticket purchases for different gadgets and electronic devices, owing to the Rs. 1.75 lakh spend limit on this card.

HSBC Premier Platinum : HSBC offers the use of its own ATMs as well as a number of affiliated bank ATMs when you have this card. The withdrawal limit is a mammoth Rs. 250000 per day, and you also earn lots of points on account of the generous loyalty scheme on this card. The zero annual fee is one of the most attractive features of this card. One of the most attractive features of this card is the range of concierge services you are entitled to with this card.

Axis Bank Burgundy : This is the big daddy of best debit card offers inindia, and in case you are a high flying HNI, this card is perfect for you. It is the debit card issued to holders of Axis Bank’s premier account called Burgundy. The reward points are the highest in class for every Rs. 200 spent using this card. You can make purchases of up to Rs. 6 lakhs using this card, and can withdraw up to Rs. 2 lakhs at any ATM, which is by far the biggest offered by any card in India. You would be entitled to complimentary access to the best lounges when you travel, and can also look forward to heavy discounts on dining at the best restaurants across the country. Unlike other cards, this one offers you usage / reward points even on loans you take, not just on the money you spend.

Top 5 Premium credit cards in India | RupeeIQ

When we look back at the previous generation and their forefathers, we Indians were mentally attuned to spending money on something only if we had saved up for it. Witness the large number of people who used to save for decades and then buy a car or house very close to their retirement, only when they had saved enough for that big-ticket expense. Deficit financing was something that only governments did, and individuals just spent what they earned or had saved, nothing more. The last two and half decades have seen a rapid increase in the spending horizon of Indians. This is because of the advent of several aggressive private banks in India which have allowed Indians to dream and make expenses which they could never have envisioned earlier. This could be either through loans or through that magic piece of plastic called a credit card. Let us look at credit cards in more detail.

A credit card is a kind of unsecured loan provided by banks with a shorter repayment period, no interest charged within the first repayment period, but very high rate of interest if the payment is made after the payment due date. The amount of ‘loan’ possible on a credit card is called the credit limit of the card. The credit limit that a bank would give to an applicant would depend on several factors. If you already have some relationship with that bank, then your performance in that relationship would be a significant factor. If it is a deposit relationship (savings or current account, or fixed deposits, or recurring deposits), then the amount of money you have deposited with the bank under these accounts and your average balance would be taken into account. If it is an advance (loan) relationship, then your repayment history would be taken into account. In case you do not have an existing relationship with the bank, then your income level (which translates to your repayment capacity), and your CIBIL credit score would determine what sort of a card you are offered. Banks usually have at least two to three variants of credit cards, starting from the most basic ones with lowest credit limits, and going up to the super premium cards which not only offer the highest credit limit but also providing many other attractive services and offers to those cardholders. Let us look at some examples of the most premium credit cards in India below.

HDFC Bank Infinia – This is the most prestigious credit card offering from HDFC Bank. It isn’t easy to get approved for this card, and only the ultra-rich (called super high net worth individuals) can aspire to be offered this card. Access to exclusive lounges and golf courses are just a few of the innumerable prestigious benefits this card offers.

Citibank Prestige – With an annual fee of Rs. 20000, you need to be a wealthy person to get this card. Citibank has anyway positioned itself as a bank for a higher class of clients, so the number of prospective cardholders gets reduced anyway. This card looks most attractive to globetrotters, with its attractive loyalty and reward points system.

Amex Platinum – You know how exclusive this card is when you hear the annual fee of Rs. 50000. This card in your wallet ensures that you are eyed with immense respect at the best destinations and establishments across the world. As soon as the card is issued to you, you start off with redeemable vouchers of the Taj group which are worth Rs. 50000, which kind of makes the first year free for you.

For more detail : premium credit cards in india