ZFunds

[zfunds]

Every intermediary needs an ARN code, Register yourself

Arn Code in mutual fund 

An application reference number is referred to as ARN. Each certified mutual fund distributor or expert is given a different number that they can use to trade in different schemes.

WHY is ARN CODE required?

Everyone has heard the television commercial phrase, "Mutual fund investments are subject to market risk." But that doesn't mean one can't take greater precautions to lower the danger. Therefore, it is the intermediary's responsibility to inform and educate the investor about the potential hazards. The interests of all parties to the transaction will be protected in this way.

To protect investors, SEBI and AMFI take several steps. One such step entails requiring distributors to get an ARN code. For instance, the National Institute of Securities Markets (NISM) certification is required by the Association of Mutual Funds in India (AMFI) for all intermediaries engaged in the sale or marketing of mutual funds. They must sign up with AMFI to acquire certification after passing the exam.

How to get an ARN code?

Computer Age Management Services Pvt. Ltd. (CAMS) handles the registration processing and ARN issuance on behalf of AMFI.

The form on which intermediaries should apply is specified. It is accessible online and in the AMFI and CAMS offices. 

From the CAMS online service, you may also apply.

Send the application form and the acknowledgment from Know Your Dealer (KYD). 

The person must physically produce the KYD application form after applying for it.

A copy of the intermediary's NISM certification, an Aadhaar card, a PAN card, verification of a bank account, and two passport-size photos are required.

The cost is Rs. 3,540 for individuals and seniors, including GST. For corporations and other entities, there will be different costs and documents.

[zfunds]

Things to Know about Nism Va Certification Exam

The NISM exam is organized by the National Institute of Securities Market. The goal of the NISM Exam is to establish a minimum level of knowledge for all candidates involved in the sale and distribution of mutual funds, including individual mutual fund distributors, staff members of companies that sell and distribute mutual funds, and employees of asset management companies (AMC), particularly those involved in mutual fund sales and distribution. The accreditation aims to improve the industry's distribution, sales quality, and associated support services.

Eligibility Criteria for NISM VA Certification Exam

The National Institute of Securities Market's (NISM) recommendations:

Candidates should be at least 18 years old if they want to become a distributor or advisor of mutual funds. 

According to the Association of Mutual Funds (AMFI) website, there are no defined educational requirements.

Modes to appear in NISM Exam 

One can take the test in either Hindi or English, according to the NISM information provided by the Association of Mutual Funds (AMFI) website.

For the Hindi language, the NISM Exam must be taken offline, whereas both online and offline options are available for the English language.

All NISM-related details are available on the AMFI website, the NISM certificate is valid for about 3 years. 

NISM Examination Pattern

The question paper consists of 100 questions.

Each question carries one mark.

To qualify for this particular exam the candidate needs to score at least 50 % of the marks.

There is no negative marking. 

The Enrollment Process for the NISM Examination 

To complete the NISM certification registration process, you need to log in and click on the new account option.

Finish creating your profile for NISM registration.

 A passport-size photo, an Aadhar card, and a PAN card must all be scanned and saved in JPG format.

Following registration and verification for the NISM test, the profile is authorized in 3 days.

To schedule the NISM Series V-A test (offered in Hindi and English), log in.

choosing a city, choosing a time window, and paying Rs. 1,500 constitute a booking.

If you wish to take the exam online from home, choose online under location.

The workbook may be accessed through the NISM portal. Download it and prepare for the test.

You must apply for ARN once you pass the exam.

You can prepare for the NISM VA certification examination confidently with ZFunds. As a result, we would be delighted to provide you with whatever assistance you require in your efforts to obtain the certification and the necessary skill set.

[zfunds]

Need to know About NISM Courses and Fees

Are you trying to jump-start your financial career? Then here is the ticket to pursue a career in finance.

This blog contains all the procedures and crucial information that you need to be aware of in relation to this course and test.

What precisely is NISM, then? The National Institute of Securities Markets, or NISM, has its main office in Navi Mumbai, India. This gives students access to a variety of courses. This is a public trust that the Securities and Exchange Board of India (SEBI) formed in 2006.

What specifically does NISM provide students?

Numerous courses in the area of finance are offered by NISM, such as certifications in merchant banking, investment advisory, and currency derivatives.The vision of this course is to build talent for securities industry and offers a spectrum of courses that teach promotion, research and finance.  Anyone, regardless of educational background, is welcome to enrol in this course.

How are tests administered in NISM-certified courses?

According to NISM details, which are given on the Association of Mutual Fund Website,  a candidate can appear for these certified exams both online and offline. Due to COVID-19, the association decided to conduct exams in online mode, but later decided to conduct them offline as the candidates started to misuse that liberty.

They were using unfair means to appear in the exam and crack it. There were instances of cheating in an online exam, so the association has discontinued the online mode of examination. Now the candidate needs to take the exam in the physical centre, which would be inconvenient for the candidate but fair for all.

Qualifications for NISM-certified training

Everyone, including professionals, teachers, investors, and students, can take the NISM test. Anyone who is interested in how the financial markets operate is welcome to enrol in this accredited course. There are no specified requirements to take this course test. Additionally, there are no age restrictions for taking the NISM certification exam. The goal of NISM is to educate everyone about the stock market. Anyone with an interest in finance or learning how the Indian securities markets operate may apply for this test.

The NISM Certification course enrollment process is:

To enrol yourself in this certification programme, log in to the NISM registration process and make a new account.

Enter your required identification details, such as Pan, Adhaar, or any type of address proof.

Fill in your official email address to communicate.

Continue if your official email ID is marked as available.

Fill in your personal data, and with this, upload a scanned picture of your PAN card.

Upload a coloured passport-size photograph.

Then, click on "Submit" to get the activation link via email. Click on the activation link.

Log into the NISM certification website with your registered ID and username.

Once you log in, you can visit your registration details and select your preferred exams.

Then you could select your preferred centre, city, and time slot for their NISM exam as per their choice.

Upon successfully choosing your centre city, you are redirected to the payment gateway page, where you must pay the registration fee.

Once your payment is made, you are advised to take a printout of it for future reference.

5 reasons why you should choose the NISM Certification Course

This certification is accepted nationwide. The main reason behind its nationwide acceptance is that it is associated with the stock market regulator, SEBI.

This certification requires a lower fee. The examination fee is mainly in the range of Rs.1500–3000; this depends upon the user's choice of course. This certification programme provide the best value for money. 

This increases the candidate’s employment opportunities; this course is always in demand. Companies always look for NISM-certified candidates.

This not only helps boost your career but will also assist you in earning lucrative earnings.

The best advantage of this certified course is that it can be studied from anywhere in India.

It consists of some popular modules, which are listed below :

·         NISM Series V A: MFD Certification Assessment 

·         NISM Series I: Currency By-Product Certification Assessment 

·         NISM Series IV: Interest Rates By-Product Certification Assessment

·         NISM-Series-VIII: Equity By-Product Certification Assessment

·         NISM Series-XIII: Ordinary By-Product Certification Assessment

·         NISM-Series-XVIII: Financial Education Certification Assessment

·         NISM Series-XV: Research Analyst Certification Assessment

·         NISM-Series-X-A: Investment Counsellor (Level 1) Certification Assessment

·         NISM-Series-X-B: Investment Counsellor (Level 2) Certification Assessment

[zfunds]

Best long term investment mutual funds

Find the latest details of long term investment, here is multiple option to invest in sips, equity mutual funds, hedge funds, sectorial fund and more.

Get the detailed information here : https://zfunds.in/m/best-mutual-funds-to-invest-for-long-term

[zfunds]

Things to know about Kotak Health Insurance Plan

Kotak Health Insurance Plans started in the year 2015 after getting the license from IRDI. Kotak Insurance came up with a host of plans which had something or the other for every age group. Due to these plans, Kotak Health Insurance has established its wide presence across the country. The company comes up with a wide spectrum of non-life insurance plans that are designed with the intention of meeting each and every requirement of the customer. This includes health insurance plans, car insurance plans and bike insurance plans.

What are the tax benefits of Kotak health Insurance?

Under Kotak Health Insurance, a person gets many tax benefits –

Deduction as per Section 80D: Medical Expenses Deduction

80D deduction is applicable only for medical insurance policies. These deductions are mentioned as follows:-

If you pay insurance premiums for yourself, your spouse and your children, you can claim a maximum tax deduction of ₹25,000 per year. In case of senior citizens, this limit is ₹50,000 per annum.

If you pay health insurance premium for your parents, you can claim a maximum tax benefit of ₹25,000 per year.

If your parents are senior citizens, however, you can claim tax benefits of up to ₹50,000 per year if your parents are below 60 years of age.

Section 80d limit

• For self and family: ₹25,000 tax deduction + ₹5,000 health check-up, up to ₹30,000.

• For self, family and parents: ₹ 50,000 tax deduction + ₹ 5,000 health check-up exemption, which comes to ₹ 55,000

• For self, family and senior citizen parents: ₹75,000 tax deduction + ₹5,000 health check-up exemption, which takes the total tax deduction to ₹80,000.

• For self (senior citizen), family and senior citizen parent: ₹1 lakh tax deduction + ₹5,000 health check-up exemption, which increases the deduction amount to ₹1.05 lakh.

How to renew a kotak health insurance policy?

Health Insurance Policy Renewal Online is the most convenient and easy process to renew your policy. Nowadays policy renewal with Kotak General Insurance can be done in just 4 simple steps:-

Visit the official website of the insurer and navigate through the 'Renewal' option.

Provide all the necessary details of your policy. In case of port, provide details of previous insurer and other necessary details.

Calculate premium using health insurance calculator and pay the amount using debit/credit card/net banking etc.

On successful payment of premium, you will receive a digitally signed copy of the policy.

At the time of renewal, a User ID and Password is provided to complete all the renewal formalities related to Kotak Health Insurance.

What is the claim process (Online and offline) ?

Kotak  makes sure to provide claim settlement to its customers. The claim settlement process of Kotak  is as smooth as you would expect. The insurance company has a dedicated team for claims settlement, which ensures that all claims are settled expeditiously.

Online

Cashless claim is where you can avail cashless healthcare services without paying a single penny. This facility will have to be taken in a network hospital only.

Step 1: If it is a planned hospitalisation, fill the acceptance form seeking permission from the insurer before 48 hours of hospitalisation. In case of urgent hospitalization, fill the Admission Form within 24 hours of hospitalization by contacting the helpdesk in the hospital.

Step 2:  If the request is approved, get treated at any of the registered hospitals of Kotak  General Insurance. Use the Kotak  Policy Certificate to avail the facility.

Step 3: On submission of documents through TPA, the cost of hospitalization is settled directly with the hospital sanctioning authority.

Offline

When the insured receives healthcare facilities from a hospital other than a network hospital, he/she will have to pay the hospital expenses and make a claim for the same later.

Step 1: Inform the insurer immediately after hospitalization by calling the toll-free number 18002664545.

Step 2: Pay the medical bills directly with the hospital after treatment. Do not forget to collect all the necessary documents, especially the original bills.

Step 3: The maximum window to claim is within 30 days from the date of discharge. Submit the claim form along with all the documents. If the claim meets all its requirements, the insurer will compensate the amount.

Required documents

You will need to submit the following documents while making a Kotak  health insurance claim :

• Duly filled and signed claim form

• Discharge Certificate from Hospital

• Stamp and signature on hospital bills

• Medicine Bill

• Police FIR in case of accident

• Other documents as per insurer norms

How to calculate the kotak health insurance premium ?

Health insurance premium plays an important role in availing the policy benefits. The amount of cover you can get under a health insurance policy depends on the premium you pay. Premium is the cost that you pay annually. However, there are certain factors which are taken into consideration while calculating your health insurance premium.

Age of the person taking the insurance

In the case of health insurance, the age of the person taking the insurance plays an important role when it comes to calculating your premium. The younger you are, the less likely you are to get sick. This means that the associated risk in your younger age is no greater than in your older age. Hence, when you buy insurance at a young age, the insurance company charges a lower premium.

Current Health status

The second most important aspect is the medical history of the insured. A person with any pre-existing disease or poor health record pays higher premium or vice-versa. The insurer considers a person with any such condition to be more vulnerable to risk, hence charges a higher premium.

Location of the person taking the insurance

Insurance companies charge higher premium for a person living in a metro city as compared to a person living in a rural area. Health care expenses in metro cities are also much higher than in a rural area. Hence, hence the premium has also been kept higher for the metro city dwellers.

Tobacco habits

A person with a smoking habit will have to pay a higher health insurance premium. Tobacco in any of its forms can cause serious diseases like cancer. Due to its higher risk coverage capacity, the insurer charges a higher premium.

[zfunds]

Mutual Fund Advisors are qualified professionals who advise investors in making mutual fund investments. The advisors provide tailor-made financial advice to their clients or investors after analyzing their risk appetite, financial goals & investment horizons, etc. They would make money in the form of earning commissions from the fund house or distributors on the selling of mutual fund schemes. Now earn up to 1 lac commission as a mutual fund advisor.

[zfunds]

Mutual Fund Types Based on Asset Class and Structure

Difference between Equity and Debt Funds

Equity funds and debt funds are two types of mutual funds that invest in different types of securities. Equity funds invest in stocks, while debt funds invest in bonds and other fixed income securities. Further, we will discuss the key differences between equity and debt funds. Firstly, let's read about -

What are Equity and Debt Funds ?

Equity funds are mutual funds that invest in stocks of publicly traded companies. These funds can be further categorized into different types of funds, such as large-cap, mid-cap, small-cap, and sector-specific funds. Debt funds, on the other hand, invest in fixed income securities such as bonds, debentures, and other debt instruments issued by companies, banks, and governments. Let’s read about their differences -

Risk and Return

Equity funds are generally considered to be more risky than debt funds. This is because stocks can be volatile and their value can fluctuate based on a variety of factors, such as market conditions, company performance, and global economic conditions. However, equity funds also have the potential to generate higher returns than debt funds over the long-term.

Debt funds, on the other hand, are considered to be less risky than equity funds because they invest in fixed income securities. The value of these securities is generally more stable than stocks, and they provide a fixed rate of return over a specified period of time. However, the returns generated by debt funds are generally lower than those generated by equity funds.

Investment Objectives

The investment objectives of equity and debt funds are also different. Equity funds are typically used for long-term growth, while debt funds are used for capital preservation and generating income. Equity funds are ideal for investors who have a long-term investment horizon and are willing to take on a higher degree of risk in order to achieve higher returns. Debt funds, on the other hand, are suitable for investors who are looking for a more stable and predictable source of income.

Diversification

Equity funds offer investors the opportunity to diversify their portfolio by investing in a variety of stocks across different sectors and regions. This can help to reduce the risk of the portfolio and provide exposure to different types of companies and industries. Debt funds, on the other hand, offer investors the opportunity to diversify their portfolio by investing in a variety of fixed income securities across different sectors and credit ratings.

Liquidity

Equity funds are generally more liquid than debt funds. This is because stocks are traded on stock exchanges and can be bought and sold quickly and easily. Debt funds, on the other hand, may have restrictions on when investors can redeem their units. Some debt funds may have lock-in periods or exit loads, which can make it more difficult to sell units.

Taxation

The tax treatment of equity and debt funds is also different. Equity funds are subject to long-term capital gains tax if the units are held for more than one year. The long-term capital gains tax rate is currently 10% for gains above Rs. 1 lakh. Short-term capital gains tax is applicable if the units are sold within one year of purchase and is currently 15%. Dividends received from equity funds are also taxed at a rate of 10%.

Debt funds are subject to different tax rates depending on the type of fund and the holding period. Short-term capital gains tax is applicable if the units are sold within three years of purchase and are taxed at the investor's marginal tax rate. Long-term capital gains tax is applicable if the units are sold after three years and is taxed at a rate of 20% with indexation. Dividends received from debt funds are taxed at a rate of 25% plus surcharge and cess.

Multi-asset funds are investment funds that invest in a diverse range of asset classes such as stocks, bonds, commodities, and real estate. The objective of multi-asset funds is to provide investors with a diversified portfolio that can potentially generate higher returns while reducing risk. These are managed by professional investment managers who use a variety of investment strategies to select and allocate assets across different asset classes. These strategies can include asset allocation based on market conditions, fundamental analysis of individual securities, and technical analysis of market trends.

One advantage of multi-asset funds is that they offer investors exposure to a wide range of asset classes, which can help to reduce the impact of market volatility on the portfolio. By diversifying across asset classes, multi-asset funds can also provide investors with more stable returns over the long term.

Overall, multi-asset funds are a popular investment option for those seeking a diversified portfolio with exposure to multiple asset classes. However, as with any investment, it is important for investors to carefully consider their investment goals, risk tolerance, and investment time horizon before investing in multi-asset funds.

Is it mandatory to clear the NiSM VA Certification exam to become an MF Distributor?

Yes, it is mandatory to clear the NISM (National Institute of Securities Markets) VA (Mutual Fund Distributors) certification exam to become a mutual fund distributor in India. The Securities and Exchange Board of India (SEBI) has made it mandatory for all mutual fund distributors to hold this certification.

The NISM VA certification exam covers various aspects related to mutual funds, including mutual fund types, their features, legal and regulatory framework, risk management, and distribution practices. The exam aims to ensure that mutual fund distributors have a thorough understanding of these concepts and can effectively serve their clients.

To appear for the NISM VA certification exam, individuals must fulfill certain eligibility criteria, which include being 18 years or above, having a minimum educational qualification of 10+2, and completing a specified number of training hours. After clearing the exam, individuals can register with AMFI (Association of Mutual Funds in India) as mutual fund distributors and start their practice. In conclusion, the NISM VA certification exam is an important requirement for those looking to become mutual fund advisor in India, and it is essential to prepare for it thoroughly to clear it successfully.

[zfunds]

What is the Right Time to Start SIP Investment

SIP or Systematic Investment Plan is an investment option that enables individuals to invest a fixed amount at regular intervals in mutual funds. For instance, you can opt for quarterly, monthly, weekly or daily SIP mutual funds. SIPs have gained immense popularity among investors due to their flexibility, low investment threshold, and ability to create long-term wealth. However, one of the most common questions among investors is about the right time to start investing in SIPs. In this article, we will discuss some key factors to help you determine the right time to invest in SIPs.

Invest early

The sooner you start investing in SIP investment plan, the better. When you start investing early, you get the advantage of compounding, which allows your investment to grow exponentially over time. The longer you stay invested, the more your returns get compounded, leading to higher returns. Therefore, it is advisable to start investing in SIPs as early as possible to take advantage of the power of compounding.

Also Read : Daily SIP Investment Plan in Hindi

Market conditions

Investing in SIPs requires you to be disciplined and consistent. It is advisable to avoid making investment decisions based on market trends or news. One should not try to time the market or wait for the "right time" to invest in daily SIPs. Instead, it is important to focus on long-term investment goals and continue to invest regularly in SIPs. However, one should always keep an eye on market conditions and trends to make informed investment decisions.

Personal financial goals

Personal financial goals play an important role in determining the right time to invest in SIPs. Your investment strategy and time horizon should align with your financial goals. If you are investing in SIPs to meet long-term financial goals, such as retirement planning, you should start investing as early as possible, regardless of market conditions. However, if you have a short-term financial goal, such as buying a car or a house, you should invest in SIPs after assessing your risk appetite and market conditions. You can also use systematic investment plan calculator to guage your expected returns from SIP. 

Time horizon

Your time horizon, or the duration for which you plan to stay invested, is another crucial factor in determining the right time to invest in SIPs. If you have a long-term investment horizon, say 10-15 years, you have the advantage of riding out market ups and downs, and hence, you can invest in SIPs at any time. However, if you have a short-term investment horizon, say 1-3 years, you should be more cautious and invest in SIPs during a period when the market is stable.

Therefore, the right time to invest in SIPs depends on several factors, such as personal financial goals, time horizon, market conditions, and discipline. The key is to start investing as early as possible, remain focused on your long-term financial goals, and avoid making investment decisions based on short-term market trends. Additionally, investors should always seek professional advice before investing in SIPs to assess their risk appetite and investment objectives. You can visit ZFunds for expert advice regarding mutual fund investing. You can invest in daily SIP, or opt for lump sum investment on our website and app.

[zfunds]

Best Mid Cap and Large Cap Mutual Fund Schemes with Remarkable Past Performance

When it comes to investing in mutual funds, selecting the right scheme is crucial. Investors often look for mutual fund schemes that can provide higher returns with minimal risks. Mid-cap and large-cap mutual fund schemes are considered safer options by many investors as they offer higher returns with lower risk. Let us take a look at some of the best mid-cap and large-cap mutual fund investment schemes available in the market.

Best Mid Cap Mutual Fund Schemes:

Axis Midcap Fund: Axis Midcap Fund has delivered consistent returns over the years and is considered one of the best mid-cap mutual fund schemes in India. It has provided returns of 23.71% in the last 5 years and has consistently outperformed its benchmark.

DSP Midcap Fund: DSP Midcap Fund is another popular mid-cap mutual fund scheme that has performed well over the years. It has provided returns of 23.05% in the last 5 years and has a strong track record of outperforming its benchmark.

Kotak Emerging Equity Fund: Kotak Emerging Equity Fund is a high-risk high-reward mid-cap mutual fund scheme that has delivered impressive returns in the past. It has provided returns of 24.24% in the last 5 years and is one of the best-performing mid-cap mutual fund schemes in the market.

Best Large Cap Mutual Fund Schemes:

Mirae Asset Large Cap Fund: Mirae Asset Large Cap Fund is a popular large-cap mutual fund scheme that has consistently helped investors build wealth. It has delivered returns of 15.29% in the last 5 years and making it one of the best large-cap mutual funds in the country.

Axis Bluechip Fund: Axis Bluechip Fund is another popular large-cap mutual fund scheme that has delivered impressive returns over the years. It has provided returns of 16.04% in the last 5 years and is known for its consistent performance.

ICICI Prudential Bluechip Fund: ICICI Prudential Bluechip Fund is a reliable large-cap mutual fund scheme. It has provided returns of 14.03% in the last 5 years and many consider it to be one of the safest large-cap mutual fund schemes in the market.

Final Thoughts

Investing in mutual funds is a smart way to diversify your portfolio and earn higher returns. Mid-cap and large-cap mutual fund schemes are safe investment options that can provide higher returns with lower risks. While there are several mutual fund schemes available in the market, selecting the right scheme is crucial. The above-mentioned mid-cap and large-cap mutual fund schemes are some of the best-performing schemes in the market that have consistently provided higher returns than their benchmark. However, it is important to note that past performance is not indicative of future results and investors should do their own research before investing in any mutual fund scheme. ZFunds’ mutual fund experts can help you pick the right MF schemes as per your financial goals and risk appetite. Visit the website or download the app today. You can invest in mid-cap fund, large-cap fund, and small-cap fund on ZFunds.

[zfunds]

Shriram Transport Finance Fixed Deposit Interest Rates: A Comprehensive Guide

Shriram Transport Finance Company Limited is a renowned non-banking financial company (NBFC) in India that provides a wide range of financial products, including fixed deposits. The flexible tenures and competitive interest rates offered by Shriram Transport Finance fixed deposit schemes make them popular among investors.

Shriram Finance FD Interest Rates 2023

Shriram Transport Finance fixed deposit interest rates vary according to the tenure and investment amount. The following table outlines the interest rates for different investment tenures w.e.f. 1st January 2023:

Tenure

Interest Rate for Non-Cumulative Deposits

12 months

7.30%

24 months

7.75%

36 months

8.15%

48 months

8.25%

60 months

8.45%

Benefits of Shriram Transport Finance Fixed Deposits

Competitive Interest Rates: Shriram Finance FD interest rates are higher than those offered by most banks, making them an attractive investment option for individuals seeking higher returns.

Flexible Tenures: The tenures of Shriram Transport Finance fixed deposit schemes range from 12 to 60 months, giving investors the flexibility to choose the tenure that best suits their investment goals.

Higher Interest Rates for Senior Citizens: Senior citizens can enjoy higher interest rates on their fixed deposits, making this an appealing option for retirees seeking steady income.

Guaranteed Returns: Fixed deposits offer guaranteed returns, meaning investors can be confident of receiving a fixed rate of interest on their investment.

Low Risk: Fixed deposits are a low-risk investment option, as they are not affected by market fluctuations. This makes them an ideal choice for conservative investors who want a stable investment option.

Earn Extra with Shriram Transport Finance Fixed Deposits 

Shriram Transport Finance offers an additional interest of 0.50 percent per annum for senior citizens. These are individuals who are aged 60 years or above on the date of deposit/renewal. The company also pays an additional interest of 0.25 percent per annum on all renewals of fixed deposits. Furthermore, women depositors can enjoy an additional annual interest of 0.10 percent. Thus, Shriram Senior citizen FD rates for women depositors can go up to 9.05 percent. 

Final Thoughts 

Shriram Transport Finance fixed deposits offer investors competitive interest rates, flexible tenures, and guaranteed returns, making them a compelling investment option. Visit ZFunds to start a fixed deposit and earn Shriram Finance FD 2023 rates. We are one of the fastest growing online financial solutions providers in the country. Visit the ZFunds website or download the app today.

[zfunds]

All You Need to Know About the Kotak Family Health Care Policy

The Kotak Family Health Care Policy is a comprehensive health insurance plan offered by Kotak Mahindra General Insurance Company Limited. It is designed to provide financial protection to families against unexpected medical expenses arising from illness or injury. The policy covers individuals and their family members, including spouse, children, parents, and parents-in-law.

Benefits of the Kotak Family Health Care Policy

The Kotak Family Health Care Policy offers a range of benefits to policyholders. These include:

Comprehensive Coverage: The policy offers comprehensive coverage for hospitalization expenses, including room rent, nursing, and boarding charges, surgeon and doctor fees, diagnostic tests, and medication costs.

Pre and Post-Hospitalization Expenses: This Kotak health insurance policy also covers pre and post-hospitalization expenses for up to 30 and 60 days, respectively. This includes expenses incurred for consultation fees, diagnostic tests, and medication costs.

No Claim Bonus: Policyholders are eligible for a no-claim bonus of up to 50% of the sum insured for every claim-free year. This bonus can be used to increase the sum insured or as a discount on the policy premium.

Family Floater Option: The policy offers a family floater option, which means that the sum insured can be used by any family member covered under the policy.

Lifetime Renewability: The policy offers lifetime renewability. Thus, the policy can be renewed as many times as required, provided the premium is paid on time.

Tax Benefits: Policyholders are eligible for tax benefits under Section 80D of the Income Tax Act, 1961, for the premium paid towards the policy.

Coverage Limits of the Kotak Family Health Care Policy

The Kotak Family Health Care Policy has certain coverage limits, which policyholders need to be aware of. These include:

Pre-existing Diseases: The policy has a waiting period of four years for pre-existing diseases. This means that any medical expenses related to pre-existing conditions will not be covered during the first four years of the policy.

Sub-limits: The policy has sub-limits on room rent, which means that the policy will only cover a certain amount for room rent, depending on the sum insured. There are also sub-limits on certain medical procedures, such as cataract surgery and joint replacement surgery.

Co-payments: The policy has a co-payment clause, which means that policyholders need to pay a certain percentage of the medical expenses out of their own pocket. This co-payment varies depending on the age of the insured and the sum insured.

The Kotak Health Care Plan 2023 for families is a comprehensive health insurance plan designed to protect families financially against unexpected medical expenses. Check the latest health insurance policies on ZFunds today.

[zfunds]

Best Small Cap Mutual Funds to Grow your Money Fast

A common dilemma that many mutual fund investors face during their investment journey is picking out the best MF schemes. So many options are available that one can easily be left spoiled for choice. However, general rules of thumb can help you zero in on the right scheme. For instance,  if you are seeking growth, and can digest a tad extra volatility, then small-cap mutual fund investments are the perfect pick. These mutual funds primarily invest in companies with a market capitalization of less than INR 5000 crores for their immense potential to provide massive returns to investors. Let us check out the best small cap mutual funds for investments. 

Quant Small Cap Fund

With annualized returns of over 46 percent in the past three years, Quant Small Cap Regular Fund is one of the best-performing mutual funds in this category. The five biggest holdings of this fund include ITC, RBL Bank, Punjab National Bank, Jindal Stainless, and IRB Infrastructure Developers. It also has significant holdings in  Bikaji Foods International Ltd, HFCL, and India Cements. 

Canara Robeco Small Cap Fund

Canara Robeco Small Cap Regular Fund has one of the lowest expense ratios in the category at 2.06 percent, making it one of the best small cap mutual funds in India. City Union Bank, KEI Industries, Cera Sanitaryware, Multi Commodity Exchange Of India, and Ultratech Cement are its top five holdings. 

Axis Small Cap Fund

Axis Bank is amongst the most respected and sought-after banking institutions in India, and its mutual fund vertical is no different. Axis Small Cap Regular Fund scheme has helped investors earn over 21 percent annual returns over the past three years, and around 18 percent CAGR over the last five years. The scheme also has a low expense ratio of 1.92 percent, which makes it more attractive for investors.  

Kotak Small Cap Fund 

Another good option for people looking to make small cap mutual funds investments is Kotak Small Cap Regular Fund. With an expense ratio of 1.90 percent, the fund has grown investor funds at a CAGR of more than 26 percent in the past three years. Carborundum Universal, Ratnamani Metals & Tubes, and Century Plyboards India are amongst its biggest holdings. 

ICICI Prudential Small Cap Fund

ICICI Prudential Small Cap Regular Fund is another renowned mutual fund scheme in the category. The scheme has given almost 25 percent annual returns in the past three years, helping investors gain massive returns on their investments. The fund has invested three to four percent of its corpus in INOX Leisure, Cyient, Rolex Rings Private, Multi Commodity Exchange Of India, CCL Products (India), and KEI Industries. 

Want to earn unparalleled returns on your mutual fund investments? Then visit ZFunds now to invest in the most popular small cap funds in 2023. It is one of the fastest-growing online mutual fund investment platforms in India. Our mutual fund advisors help you pick the best mutual funds for the highest returns with the lowest risks possible. Download the app now to start investing.

[zfunds]

All you Need to Know about Becoming a Mutual Fund Distributor in India

With MF investments on a consistent rise in the country, mutual fund distribution has emerged as a lucrative career option for many. It allows one to be their own boss and earn a handsome living by onboarding clients and helping them invest in mutual fund schemes. If you are also seeking to start an MF distribution business, then you have landed on the right page. Here you will learn everything you need to know to become a mutual fund distributor. So, without any further ado, let us first understand the need for an MF advisor or distributor. 

Need for Mutual Fund Distributors

Investors need MF distributors for a range of reasons. The most significant of these are mentioned below: 

Analyze Financial Health: Mutual fund distributors help their clients understand their current financial health by assessing financial assets, liabilities, income, and expenses. They also take into account future financial obligations to fully comprehend an individual's financial well-being. 

Evaluate Financial Goals: Mutual fund distributors also understand an individual’s investment goals and risk appetite. This facilitates asset allocation in the most suitable investment options.

Formulate a Financial Plan: A MF distributor then creates an investment plan tailored to the client’s financial well-being, and short and long-term goals. 

Help Understand Mutual Fund Investing: MF distributors help their clients understand mutual fund investing, risks involved, returns they can expect from their investments, types of mutual fund schemes, current and future market outlook, etc. 

Analyze Portfolio and Make Adjustments: Mutual fund portfolios demand regular supervision and adjustments as per the ever-evolving market conditions. Mutual fund distributors play a critical role in the same. 

The best mutual fund distributor assumes all these responsibilities and several others. If you are compelled to become a mutual fund distributor, then let’s now can look at the process. 

How to Become a Mutual Fund Distributor 

Starting a mutual fund distribution business involves the below-mentioned three steps: 

Pass the NISM Certification Exam: You begin the process by clearing the NISM Series V-A Mutual Fund Distributors Certification Examination by the National Institute of Securities Markets. The exam has 100 questions and one must score 50 percent marks to obtain the certification. 

Apply for an ARN Number: After clearing the NISM certification exam, you must apply for an ARN number. Also referred to as an ARN code, it is a unique code given by AMFI or the Association of Mutual Funds in India to every individual or organization licensed to facilitate buying and selling of units of mutual fund schemes in India. 

Partner with a Distributor or AMC

The last step is to partner with a major distributor or an asset management company that manages mutual fund schemes. This will allow you to sell mutual fund schemes to your clients and earn a commission. 

A mutual fund distributor in India earns a lucrative commission on all MF investments made by their clients. This involves upfront as well as a trailing commission. So, if you are ready to become a successful mutual fund distributor, then visit the ZFunds website or download the ZFunds mutual fund distributor app and sign up today.

[zfunds]

2023 Financial Resolutions: Get your Finances in Order in the New Year

What are your resolutions for 2023? Are your going to workout on a regular basis and shift to a healthy diet? Do you plan on satiating your…

[zfunds]

Your Complete Guide on Flexi Cap Mutual Funds

Investors are often perplexed about different categories of mutual funds. While on the one hand, large-cap funds attract people with their p

[zfunds]

Top health insurance companies with Zfunds

Finding a health insurance company that can meet everyone's demands is difficult because every health insurance company differs from the others in some manner. Depending on their needs and health objectives, many people have different definitions of the best health insurance provider. For instance, some consumers might favor one insurance provider over another due to the size of its partner hospital network that offers cashless claim services, while others would place more importance on the standard of the services offered or the accessibility of customer support. Here are some of India’s top health insurance companies. 

IFFCO Tokio General Insurance

In 2000, IFFCO-TOKIO and Tokio Marine Asia launched a joint venture company. In the company, IFFCO and Tokio Marine Asia each own 51% and 49% of the shares. The company has over 1400 hospitals in its network and a claim settlement ratio of 96.33 percent. 

Manipal Cigna Health Insurance 

An increasing number of people are now opting for ManipalCigna Health Insurance policy, owing to its amazing services. The company has a claim settlement ratio of 85.72 percent, and a little over 6500 hospitals in its network. 

New India Assurance Health Insurance 

New India Assurance Health Insurance plans are also gaining immense popularity among health insurance seekers in India. Its claim settlement ratio and hospital in the network are 92.68 percent and 1256, respectively. 

Reliance Health Insurance 

Reliance General Insurance is one of the most well-known insurance companies in India. People frequently buy a Reliance health insurance policy, for superior services and affordable prices. While its claim settlement ratio is 76.43 percent, the insurance company has over 7000 hospitals in its network. 

Royal Sundaram General Insurance

Formerly known as Royal Sundaram Alliance Insurance Company Limited, Royal Sundaram General Insurance Co. Limited is India’s first private sector general insurance company to be licensed in October 2000 by IRDAI. Royal Sundaram health insurance plans come with a claim settlement ratio of 81.50 percent. The insurance has more than 4100 hospitals in its network. 

In case you and your loved ones are not covered by a health insurance plan, then buy one today. Medical emergencies can arise any time and no one should be deprived of state-of-the-art healthcare. Thus, to enshure that medical bills are never a concern in times of emergency, get an all-inclusive health insurance plan for yourself and your loved ones.

[zfunds]

Take Your First Step to Financial Freedom with NISM V A Certification

The mutual fund industry in India is booming and there lies an amazing career opportunity for you. Start your own mutual fund distribution business and feel complete financial freedom. Mutual fund distributors earn handsome commissions on mutual fund investments of their clients. If you think you have what it takes to become a successful mutual fund distributor, then start your journey today. Now you may be wondering about the process. Well, here it is: 

Get NISM Certification 

Not sure what is NISM certification ? NISM or the National Institute of Securities Markets is a trust established by SEBI in 2006 to offer mandatory certification for individuals in the securities market. You can register for the exam on the official NISM website. While there are several courses or certifications available, the NISM Series V A certification exam is the one essential to become a mutual fund distributor. 

Apply for ARN Number

Not sure what is ARN code? ARN number or ARN code, short for AMFI registration number, is a unique code assigned to a registered mutual fund distributor by the Association of Mutual Funds in India. This number is a testament to the legitimacy of the distributor. Once you have successfully cleared the NISM V A Mutual Fund Distributor exam, and obtained your passing certificate, then the next step is to apply for the ARN number with the AMFI. Several other documents, such as PAN Card Copy, Aadhaar Card Copy, Passport-sized Photo, Proof of Bank Account, etc are required at the time of application. 

Register with AMCs

Once you have your ARN number, you can become a mutual fund distributor and start selling units of mutual fund schemes to your clients. The only thing left to do now is register with asset management companies. These are the organizations that run mutual funds. You can also sign up with large distributors that have partnerships with these asset management companies and start onboarding clients. 

Mutual fund distribution is a lucrative career option where you can earn a great living simply by facilitating buying and selling of mutual fund schemes. AMCs pay out marvelous commissions to distributors for their efforts in promoting MF schemes among potential investors. If you are preparing for the NISM certification exam, do not forget to test your knowledge and preparation with an NISM VA mock test. You can easily find one online with a simple Google search.