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3 money lessons we have all learnt from the covid crisis

Synopsis
A diversified set of income sources is always helpful. A household needs multiple earning members pursuing different jobs in different sectors; it needs investments that will generate an income when needed.
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When a crisis hits, savings and assets alone will save you, they say. The covid crisis got us all last year. So how did those affected the most manage? Let me tell you a bunch of stories I have heard from people I know.
A 50-year old working for the government decided to quit his job and focus on his passion for music. An accomplished musician, his events sold out as soon as they were announced. He built an orchestra of his own, bringing together unknown artistes. They played at weddings and functions at large hotels, and toured the world. ....

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How to manage money, asset transfers after untimely death of a dear one

How to manage money, asset transfers after untimely death of a dear one
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Last Updated: Jun 07, 2021, 06:30 AM IST
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Synopsis
Rules related to the transfer of money/asset in the name of a nominee or legal heir varies. Before being able to access any of the assets/funds of the departed individual, one may need to figure out the following things.
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If the assets have been jointly held by the individual, one has to understand the type of the asset held and the rules pertaining to the same.
The current wave of Covid-19 has been devastating and many families have lost their near and dear ones. In the midst of this grief, the dependants have to take stock of the finances of the departed one. ....

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Mutual fund distributors I Top fund houses, NSE to add 50,000 new mutual fund distributors over next 3 years

Updated Mar 16, 2021 | 18:12 IST
The Indian MF industry could be worth Rs 100 lakh crore in the next decade. However, currently, there is just 1 distributor for every 17,000 people, indicating a massive growth opportunity for insurance agents
Top fund houses, NSE to add 50,000 new mutual fund distributors over next 3 years | Photo Credit: Thinkstock
India’s top Asset Management Companies (AMCs) along with NSE and CIEL joined hands to build 50,000 new to industry Mutual Fund Distributors over the next three years.
This is being done under the aegis of ExpertMFD, a first pan-India collaborative initiative comprising of top AMCs who manage over two-third of the total AUM in the mutual fund industry. These include marquee names like Aditya Birla Sun Life Mutual Fund, Axis MF, ICICI Prudential MF, L&T MF, Nippon India MF, SBI Mutual Fund and Sundaram MF who have joined hands with NSE (National Stock Exchange) and CIEL (Centre f ....

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AMCs target to add 50,000 new MF distributors in next 3 years

AMCs target to add 50,000 new MF distributors in next 3 years
March 16, 2021
Seven MFs, NSE, CIEL join hands for education platform
The top seven Asset Management Companies, the NSE and Centre for Investment Education and Learning have joined hands to add 50,000 new mutual fund distributors over the next three years.
The initiative will be carried out through ExpertMFD, a first of its kind move by seven mutual funds including Aditya Birla Sun Life Mutual Fund, Axis MF, ICICI Prudential MF, L&T MF, Nippon India MF, SBI MF and Sundaram MF, which manage over two-third of total mutual fund industry AUM. ....

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Select fund houses, NSE and CIEL come together to add 50,000 new MF distributors

Asset Management Companies along with NSE and CIEL have joined hands to add 50,000 new to industry Mutual Fund Distributors over the next 3 years. ....

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