Saving Schemes

What is Mutual Fund? Concerning mutual funds, many creditors pool their investments in a trustworthy way. It is one such investing tool. Indeed, this investment is handled by an experienced team of finance professionals, known as the Asset Management Company (AMC), who further invest this accrued capital in various financial products such as securities, stocks, commodities, etc.

Investors participating in mutual funds have a similar purpose, so it cannot be misunderstood to assume that the returns received by such forms of assets are proportionately assigned to the money invested. Few banks that provide mutual funds are ICICI, SBI, HDFC Bank, Federal, etc. If it comes to eligibility and documents, though, various banks have specific requirements, and before investing in mutual funds you have to consult with the bank itself.

Now let’s seek to understand why and how necessary it is to invest in mutual funds.

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Why should you invest in mutual funds?

Despite not just one but for several purposes, people choose to invest in Mutual funds Canada. Yeah, it is, without a doubt, a smart choice to invest in mutual funds, for the following reasons.

• Mutual fund investing is nothing short of qualified investment management.
• For a large capital base, creditors may not typically fulfill the minimum investment criteria they might have in specific inventories.
• The risk of financial growth may be regularly tracked, ultimately minimizing risks of loss, with the help of a professional fund manager and a diversified portfolio of asset investments.

Okay, the mutual funds have the following types, based on the investment objective:

Equity Fund 

• Funding is mainly invested in stocks in equity funds.
• Returns are higher, so the risks are also higher.
• Equity funds may be rewarding because tax exemptions are made on long-term capital gains.

Debt Funds

• The funds are primarily invested in government or business shares and bonds in debt funds.
• Investments here can be short- and long-term and get lower risk featured fixed returns.
• You can benefit indexation benefits to save on tax in long-term investment.

Balanced Funds

• Balanced funds produce large stock earnings and stable yields, effectively helping to equalize the risk factor.

Index Fund 

• Index funds are designed to represent the market index portfolio.
• You don’t have to track them vigorously.
• The risk is commensurate with fluctuations in the index.

Must Read – What Is Arbitrage? How Does It Help You?

Gilt Fund 

• Investment is in government securities solely so there is no default chance.
• Market volatility determines the value of the gilt fund units.
• The return-risk ratio here is similar to that in equity funds.

Global Funds

• Funds are held in assets outside India in global funds.
• It introduces another home diversification layer.
• The risks involved are understood by those investors who well know the international market.

Fund of Funds 

• Instead of assets, funds are directly invested in mutual funds.
• Instead of market instruments, your investments are diversified in mutual funds.
• The funds’ returns are going to be an average.

In general, the Motif Investing provides a various combination of the self-directed investments along with the various Robo advisor management benefits. Here you can have the choice to either create new portfolios based on your design or investing in the pre-built mini-portfolios. Through this process, you can also able to earn some amount in case other investors can effect invest in the portfolios in an extraordinary manner. Along with that, Motif Investing provides initial public offerings, cryptocurrencies, and socially responsible investing.

What is the Motif Investing?

Generally, motif investing is a particular part of the online brokerage firm in which you can pick your Robo advisor and investment. It can able to manage your holdings in a most extraordinary manner. Thus, it makes it’s the most unique and standard available platform. This process is just the beginning.

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Motif lets you invest in various pre-designed portfolios known as Motifs or else you can able to create your own. This can be possible by making use of the combination of stocks in ETFs – Exchange Traded Funds. Then you can build this Motif within any kind of investment objective or theme based on your need.

Recently, this Motif Investing is most extraordinarily increasing its product menu. Now they will allow you to invest in initial public offerings, digital assets, cryptocurrencies, and socially responsible investing.

Working of Motif Investing:

At present, the motif has become one of the most ultimate expanded investment platforms in which you are having various options for the procedure to invest. This can be initiated by opening a legal trading account and that does not require any initial investment. You can also make use of this account to trade ETFs and individual stocks and also can invest in Motifs. A motif is one of the best operative platforms for investment and the methodology following here is very much useful.

Actually, Motif is the portfolio that consists of 30 investments and these investments are the combination of ETFs and various stocks. The company mainly provides various pre-built Motifs which you can choose your most suitable one. But in case, you think you can able to create the Motif by yourself, then you can do it. To do that, you have to build the Motif theme based on your idea of investment. After you created or invested in Motif, it can be completely managed for you via the Motif Investing.

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In order to open your trading account, you can able to invest in any part of the portfolio which is available via Motif Investing in a most enhanced manner. In this process, the company has been branched out into various investment areas and certain sectors to develop.

Important Factors:

To be honest, Motif is the best platform to invest and it is the unique standard service in the various traditional brokerage firm spaces. Especially, Motif Investing is very much supportive of those who are in need to invest in trends or those who require exposure to a particular area. Here, the pricing is very much competitive and it is a tax-effective one. It is the best platform to expand with less amount of money to invest. It is also very effective to customize your own motif; hence you are not limited to the pre-built ones.

Major Impact Portfolios:

Below you can check out the socially responsible investing portfolios of Motif Investing. This process is completely automated portfolios that are designed to align with your investment objectives and personal values. The impact portfolio mainly contains the mix of ETFs and stocks from various asset classes mentioned below.

• Developed market stocks
• International bonds
• S. stocks
• Real estate stocks
• Emerging market stocks
• S. bonds
• Commodities stocks

Features of Motif Investing:

• More Pre-built Motifs
• Single Stock Trading
• Horizon Motifs
• Instant Deposits
• Create Your Own Motif
• Scheduled Transfers
• Trading Alerts
• Motif BLUE
• IPO Stocks

Pros of Motif Investing:

• Low-cost trades
• A simple way to diversify
• Cheap single-stock trades
• Custom Motifs

Cons of Motif Investing:

• There are some lacking social features are found
• There is no automatic dividend reinvestment

Conclusion:

From the above-mentioned scenario, you can effectively have a look at the review of Motif Investing and it is mainly said to be an affordable way of investing. Your wait is over now!!! Now you can make use of this process and grab the benefits.

Are you unaware of the EPFO pension? You landed on the right page! Check here for detailed information about what factors and demands made the Government offer benefits to PF employees.

The Indian EPFO is allowed to invest in government debt, corporate debt and public sector companies in a pool in excess of Rs 10 lakh crore. Nevertheless, equity ownership is forbidden. Likewise, the National Pension Scheme can only invest in approved shares.

EPFO will also potentially offer an incentive to members who are willing to receive their payout when they turn 60, such as an additional bonus. The Employee Provident Fund Organization (EPFO) is likely to start providing the members with a retirement opportunity to draw a pension when they reach 60, rather than the current maturity limit of 58 years.

A high-level government official has told ET that the plan for the rise in the pension retirement age is submitted for approval to the EPFO Central Board of Trustees, which will refer the recommendation to Cabinet for approval by the Labor Ministry.

Employee Pension Scheme – EPS Eligibility, Age and Calculation:

As per EPFO, the retirement age of members must be extended, as this improves their workers ‘ benefits for a further two years ‘ service and changes their pension plan. The plan will also lead to the elimination of the Rs 30 000 crore pension fund’s debt.

This also aligns EPFO with the national and state retirement system, which has a 60-year level of pension. An employer pays 8.33% of an employee’s pension income with a Rs 15,000 pension cap, as per the 1995 Pension Scheme of the Employees.

Ramlila Maidan having a huge crowd of retired people from the 27 states under the EPS 95 scheme demanded to claim a minimum pension of Rs 7,500 per month.

Also, Pensioners’ team head had met State Minister for PM office and submitted a Memo to consider demands such as Minimum pension, DA, compensation, which were well within the range of the Koshiyari Committee.

Read More – Generate EPF Member e-Passbook Online – Login, Download and Activation

The Provident fund stores our hard-earned money. It is our wealth that provides us with economic and social stability. Also, the committee requested for any assistance for the sudden or untimely death of the spouse, compensation to the widow, and family to withstand in life.

The plan to increase the income surplus level under the scheme would help a survivor boost his or her pension kitty, and help to reduce his or her debt. Finally, the EPFO is going to settle accounts. The move would benefit the pensioners who chose to migrate and who earned a lump sum until 2009 on retirement. The pensioners became entitled to get full benefits after 15 years.

The annual pension was used to be lowered by a proportion for the next 15 years under the commutation and the reduced amount was given in lump sum. In compliance with the Employee Pension Scheme, a conditional rehabilitation or early part-retirement has been approved by the EPFO pensions fund for the relief of 6.3 lakh pensioners. The pensioners had the right to receive their full pension after the 15 years.

EPFO Pension: Significant development for the pensioners under Employees Pension Scheme (EPS)!

Check your EPF passbook for details regarding your EPF credit, debit and balance status, also know the contributions of your company to your Employee Provident Fund account.

This post will help you know more about EPF Member Passbook and way to use the EPF Passbook online?

What is EPF Member e—Passbook?

EPF e-Passbook is a facility for EPF members to always check online their EPF account statement. Members can check the status of the account, view the account statement, print and save the account statement. The EPFO mobile app also helps you to use the e-Passbook.

Only after registering on the UAN Website, customers can able to access this service. The e-Passbook includes certain information of PF account about your employee contribution, employer contribution, claims and interest earned on your PF portfolio. KYC information such as name, date of birth, PAN, Aadhaar card, and bank information is also given in the e-passbook.

Just like other passbooks, EPF Member Passbook provides information on all transactions on your EPF account. EPF Member Passbook provides details on all the deposits you and your employer make every month. You must activate your UAN to access your Passbook.

Read More – How to Check for Employer’s PF Claim Status Offline/Online?

It’s very easy to activate your UAN. You must first access the UAN from the employer or by using the PF account number on the EPFO website. To activate your UAN, you must have your KYC and mobile number. To activate UAN, follow the below steps:

1. Visit EPFO official portal https://unifiedportal-mem.epfindia.gov.in/memberinterface/ and click on the “Activate UAN” option.
2. Get activation of UAN either with PAN or Aadhaar or UAN access.
3. Enter details of Name, Date of Birth, Mobile Number, and E-mail ID.
4. Validate your mobile number by entering the same OTP that was sent on your registered mobile number.
5. Once authentication is completed, your request gets activated within 6 hours.
6. After the activation process, you receive a password on your mobile number.
7. Users are requested to change their given password by logging in to the account.

Steps to Generate EPF e-Passbook Online:

1. Go to the member portal, look at the screen for EPF accounts.
2. Download your respective e-Passbook from this page passbook.epfindia.gov.in/MemberPassBook/LoginServlet
3. Type details of your UAN account number and password.
4. Enter shown captcha code as per image and choose the button of “Submit”.

Downloading EPF Passbook:

Download and print EPF passbook online easily through the EPF website.

Step 1: Visit official EPFO Portal

Step 2: Type UAN number and Password that is generated at the EPF member portal.

Step 3: Click on the ‘Login’ button.

Step 4: All member IDs of every EPF account will be shown on the screen.

Step 5: Click on the EPF member ID option under ‘Select Member ID to View Passbook’.

Step 6: Users can now avail download option to save and print the Passbook.

The Process to Update EPF Passbook:

Once the contribution is made to the employee’s account, the EPFO passbook can be changed. Although the date is not stated in the passbook, it contains the month and year of the contribution If you do not upgrade passbook, you can wait a few days before logging into the website to get the latest version of your passbook.

For all facilities, the registration in the EPF will be made compulsory, and will, therefore, be mandatory for any other factory that employs 20 and more people, or for any other establishment of the class of such facilities which may be subject to a notice from the central Government. From the outset of jobs, all workers will be entitled to a PF and the employer shall be liable for deductions & payments of the PF. Check How to know your PF claim status below.

PF or the Provident Fund is a plan that rewards all workers for the development upon the retirement of a financial corpus. Both the manager and the worker contribute a certain amount of wages in this fund. The Employee Provident Fund Organization (EPFO) is responsible for the PF scheme

A Universal Account Number (UAN) is issued for all registered members of the scheme. So you can use your UAN to review your PF balance for the withdrawal, and also transfer the PF amount from one account to another if you are a member.

Let’s do focus on the process of retrieving PF claim status offline/online:

PF Claim Status Offline:

You will be able to check your claim status after requesting to withdraw PF. The claim may be submitted using the PF Claim Form 11 if you have a UAN. This form doesn’t require any attestation and can be submitted online. If you don’t have UAN, raise the claim by submitting the PF Form 19 and get attested by the employer. Visit the near EPFO center and submit the form.

Read More – How to do EPF Registration Online for Employer?

Check PF Claim Status Online:

Employees should have the following details to check the PF claim status online.

• UAN
• Extension code
• Company name
• Employer’s EPF regional office

Check EPF Claim Status via UAN Member Portal:

Users having both UAN and passwords can easily log in to the UAN member portal to check the claim status.

• Visit the EPFO official website www.epfindia.gov.in/site_en/index.php.
• Open the “For Employee’s” page under the ‘Our Services’ section.
• In the new webpage, click on the ‘Member UAN/Online Service’.
• In the new tab, enter the login credentials of UAN and Password and Captcha values shown in the image.
• In the account, choose the ‘Online Services’ tab under the option of ‘Track Claim Status’.
• View the PF Claim status on the page.

Check Status via 24×7 EPFO Customer Care Number:

PF holders can call anytime to the EPFO 24 x 7 customer care number i.e. 1800 118 005 and tell your UAN and PF account number to the EPFO officer to check the status of PF Claim.

PF Withdrawal Status Checking using EPF A/C No:

• Go to EPFO website
• Click on the ‘Know Your Claim Status’ option on the page and select the option ‘Click Here for Knowing the Claim Status’.
• Choose the ‘concerned state’ in the drop-down menu.
• Select your city and on the next page fill the details of your PF account.
• Click on the ‘Submit’ button to view the latest claim or withdrawal status.