SBI Mutual Fund launched the SBI Nifty 500 Index Fund, an open-ended index fund aiming to replicate the Nifty 500 Index. The NFO is open from September 17 to September 24, 2024. The minimum investment is ₹5,000, with a 0.25% exit load for redemptions within 15 days of allotment.

Cutting losses is a crucial investment strategy, helping investors exit underperforming stocks to prevent further financial damage. This concept is similar to making decisions in daily life, such as switching to a new service provider when faced with repeated poor experiences. Holding on to bad investments or decisions can worsen the situation. Assess your investments carefully and act promptly to avoid compounding losses and ensure portfolio growth.

Generally, employees withdraw the entire sum accumulated in their EPF accounts after retirement. However, premature withdrawals can also be made from the EPF account under certain conditions.

E-verification or electronic verification is required to be completed within 30 days of filing the ITR. The process acts as a digital signature, confirming the legitimacy of the return filed by a taxpayer.

The market regulator mulls easing the existing minimum educational criteria for registration as IA or RA "from a post-graduation to a graduation degree". It also suggests to do away with the requirement of minimum net worth.

While travelling can be great fun, travel insurance is also crucial for protecting against unexpected events like medical emergencies, trip cancellations, and lost baggage during travel. It ensures financial security and peace of mind, covering various contingencies and offering additional options for tailored coverage. Several reputable companies in India provide comprehensive policies catering to different travel needs.

A demat account is used to keep company shares or other securities in digital format. The account is needed for trading in stocks and other securities. Keeping your personal details updated in the demat account is necessary for regulatory compliance.