NPS SIP – The facility of doing SIP is now available for the NPS Subscribers. The new facility of NPS SIP is called as D-Remit facility. If you are NPS subscriber, you can transfer fund directly from your bank account using D-Remit facility. The same day NAV is applicable for the amount transfer using this facility. The entire facility is simple and hassle-free. You can make contribution on regular basis – daily, monthly or quarterly basis. It is just like mutual fund systematic investment plan (SIP) where money gets deducted from the bank account and investment is made in NPS units.
This facility will boost investment in NPS. It will also help investors in doing regular investment in auto mode. Here is step by step guide explaining – How to setup NPS SIP and get Same day NAV?
The pre-requisites of using this facility are
Active NPS PRAN
Mobile Number updated in NPS
Internet banking with any Bank
How to setup NPS SIP and get Same day NAV?
Virtual Account creation at NPS
1) To use NPS SIP or D-Remit facility, NPS subscribers requires virtual ID. This virtual id is to be created first before starting SIP. This virtual ID is also identified as virtual account. This account can be created on Central Recordkeeping Agency (CRA) portal for National Pension System. No additional cost is involved for NPS subscribers to avail the D-Remit facility by creating a virtual id.
2) The subscriber needs to enter PRAN number date of birth, captcha and request for OTP via SMS or E-mail. OTP will be sent on register mobile number or email id for verification of PRAN.
3) The virtual id generation is a one-time activity and this ID is permanently attached to PRAN for the purpose of D-Remit. The separate ID is required for Tire 1 and Tire 2 Account.
4) These virtual IDs are unique for Tier I and Tier II NPS accounts. These virtual IDs are required only for remitting NPS contribution through “Direct Remittance” for all other purpose PRAN is required. SMS and e-mail alert will be generated and sent to subscribers once virtual ID is created and authorized. The information of virtual ID and IFSC will be shared with NPS subscribers.
NPS SIP or De-remittance via Virtual Account
Once information about virtual account and IFCS is known setting up NPS SIP is very easy. Follow the steps given below for NPS SIP.
Login to your Net banking portal via Internet banking user ID and password. After logging into the net banking, the subscriber needs to add the virtual id as beneficiary with the unique IFSC details of the trustee bank to transfer fund or set up auto debit from their bank accounts. The facility of NEFT/RTGS/IMPS can be used for this fund transfer. As per PRDRA the fund transfer made using D-Remit should have narration “NPS Contribution for D-Remit”.
Subscriber can enable SIP in their bank accounts through net banking by setting up standing or scheduling instructions for auto debit of desired investment amount on his/her chosen date. As per the Net Banking features, Subscriber will also have an Option to decide the frequency of SIP (like monthly/quarterly/once in two months etc.)
The funds received on T day till 9.30 a.m on any working day (other than Saturdays and Holidays) will be considered for same day investment. The contributions received post 9.30 AM on T day shall be invested on the next working day (i.e) T+1 day Currently NPS contributions received through e NPS/ POPs are invested as on T+2 days. Hence D Remit optimizes returns on NPS contributions by advancing its investment substantially. There is no additional cost to avail the facility of D Remit for creating Virtual ID. The minimum amount contribution via this facility is Rs.500.
Benefits to NPS Subscribers
NPS subscribers will get following benefits by using this facility.
Ease – One can invest in a disciplined and phase manner using SIP
Power of Compounding – Better long term benefits compared to one-time investment
Rupee Cost Averaging – No need to time the market
Over to you
Do you think NPS SIP facility will be useful to NPS subscribers?
Are you planning to use this NPS De-Remit facility?
Share your views in the comment section given below.
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myCAMS is a SEBI-Registered Registrar & Transfer (R&T) Agency. myCAMS offers digital convenience to investors. You can buy sell switch and invest in mutual funds online by using myCAMS. myCAMS platform is available on the website as well as on mobile app.
Mutual Fund investors should make use of myCAMS. Key features and services offered by myCAMS and my recommendation on this platform as a review is given here.
myCAMS Key Features & Services offered
Dashboard View
You will get a dashboard view of all mutual funds investments. You will be able to see the total investment amount, market value, and annualized return detail. You can also get information on dashboard asset class-wise. You can drill down and see mutual fund-wise details. The dashboard view allows you to buy, redeem, or switch the scheme. The view is a pie chart representation of consolidated investment by fund and asset class. You will be able to see Non-Demat as well as Demat both mutual fund investments.
Transaction digiSIP
You can perform mutual fund transactions using myCAMS. You can purchase a fund and create a new folio in the existing fund or in the new fund. You can also make an additional purchase in the existing folio. It also allows SIP, STP, SWP, switching, and redemption.
Schedule Future Transactions
You can schedule your future transactions in mutual funds. These transactions involve investing more, redemption, and switching of mutual funds. You will get alerts or reminders via SMS/E-mail. It also allows you to view your pre-scheduled transactions.
digiNFO
digiNFO section allows you to select new fund offers for investment. Fund detail will be visible fund-wise you just need to select the fund and make the investment by filling up a simple form. You can select an existing portfolio or a new folio for investment.
Register eMandate
eMmandate is a facility that is used for doing SIP across mutual funds served by CAMS. It will also allow you to view the mandated status submitted physically at the CAMS service center. You need to select PAN and provide the IFSC code and details about the bank, SIP frequency, and date.
myWatchList
You will get myWatchList facility. Under myWatchList you will be able to monitor your investments. You can add multiple schemes to the watch list. It will show the current NAV, Returns, Loads/fees, and performance anytime.
myTransactions
myTranscations section shows your recent transactions (purchase, redemption). You can also check pending transactions. Under systematic transactions, you would be able to check all SIP, SWP, and STP Transactions.
Statements
The statement section allows you to generate various types of statements. You can generate an active statement, consolidated account statements, portfolio valuation, transaction details, exit load statement, statement of dividend, etc.
Account Info
The account Info section allows you to select AMC name and folio name. On the selection of fund and folio details about investors including joint holders and nominee details will be displayed on the screen.
Online Form 15G/H
You can fill and submit the 15G and 15H forms online. Form 15G and 15H prevent TDS deductions of MF dividends. This would be a combined form for all fund folios.
How to register at myCAMS?
You can register at myCAMS using a common email ID registered in your mutual fund investments. You can register either at myCAMS online on the portal or at the mobile app. The credentials used at the online portal and mobile app are the same. Registration steps in myCAMS are given below.
Click on the ‘New User Registration’ to create a new user.
In the ‘New User Registration screen’, enter the registered email id and captcha. Click on Submit.
On completion of the registration process, an alert confirming the same is displayed on the screen.
New User Registration confirmation mail sent to user registered email id, along with the login credentials.
Use this user id and password for initial login in myCAMS ‘User Login’ screen.
At the first login myCAMS user login navigates to the ‘Change Password’ screen, allowing users to set their desired password as per the password logic displayed in the screen.
User may now re-login to myCAMS with the user id as the registered email id and the new set password.
myCAMS Mobile app
Download myCAMS mobile app from Google Play store or iTunes app store and install the same.
Click on Register Now.
Enter your registered email id in the ‘New Registration screen’ and click on Submit button.
You will receive a myCAMS User creation confirmation email along with the login password.
Login using your username and password.
myCAMS Review
myCAMS is one of the best mutual fund investment platforms. I have been using myCAMS for the past 7 years. The positives and negatives of myCAMS are given below.
Positives
myCAMS provides a single platform to view portfolios.
You can invest across 16 different mutual funds AMC by using this platform.
Completely online and paperless investment platform.
Multiple features such as digiSIP, digiNFO, watch list, etc.
Online platform as well as a mobile application for investment and tracking.
Two-factor authentication facility.
Negatives
Only 16 mutual fund houses are supported out of 44.
Customer support is average
myCAMS is one of the best mutual fund investment platforms that provides multiple facilities including a dashboard view. You should try this platform for mutual fund investment and tracking.
Work from home business ideas – Work from home – WFH is no longer a buzz word. It is a reality now. Many people across the globe are working online. The barrier of remote working and distance is crossed now. Thanks to technology and applications such as Google Meet, Microsoft Teams, and Zoom that enabled work from home.
Work from home culture has many benefits. You can make use of your home space as office space. You can save money and time on commuting. You can maintain a good work life balance. It also improves productivity. As per the latest survey in USA, it is estimated that the remote workforce will double in 2021 due to drastic productivity improvement.
The connected world and technology have also introduced a new opportunity in front of business-minded people – Work From Home Business.
Yes! you can also start a business from home and make a lot of money.
If you are planning to start a home-based business, here is a list of 10 low-cost work from home business ideas. Some of them required a separate room and mini-warehouse to operate from home. Whereas others can run completely online by using very minimal space.
10 work from home business ideas
#1 Selling homemade products online
Selling homemade products online is one of the best work from home business ideas. If you can make things at home, you can turn your hobby into reality. The homemade stuff that can be sold online are candles, toys, art crafts, apparels, decoration items, customized gifts, small jewelry. You can store these items and sell them from your home. The items made by you should be cost-effective. You can either use WhatsApp & Facebook to sell your items or you can use online stores such as Etsy, eBay, Amazon, etc.
#2 Buying product in bulk and selling it online
One of the simplest forms of business is buying products in bulk and selling them online. You need to make a list of unique products which can be stored & shipped easily and in demand. Household products and FMCG products usually remain in demand. You can buy these products from a wholesaler and sell it online as a retailer.
#3 Offer Online Freelancing services
The freelancing services usually remain in demand. If you are computer savvy and skilled person you can become a freelancer. There are multiple freelance career options available online. Examples of freelance services are content writing, website designing, programming, virtual assistance, graphic designing, translator services etc. The website where you can offer your services are Fiverr and InboxDollars.
#4 Online Tuition Class
One of the most promising and best work from business ideas is an online tuition class. If you are a subject matter expert, you can become a teacher and start home tutoring. You need to make use of a tool such as zoom, teams or google meet for teaching. It is low-cost business ideas with good earning opportunity.
#5 Online E-commerce Store
You can easily create your online e-commerce store. There are many online site which allows you to create your own digital store. One such example is Shopify. You can make your e-commerce site and sell goods online to your customers. You are required to integrate an online payment gateway with your store. Another alternative is to become a selling partner at eBay, Amazon, Flipkart on a commission basis.
#6 Design and sell things online
Designing and selling things online is next on the list. If you have designing skills, you can create your own design. The design could be customized and pasted on t-shirts, caps, masks, mugs, blankets, phone cases and gift products. These businesses can be started with low investment.
#7 Start An Organic Farm at Rooftop
The usage of organic food is growing. People have become more health-conscious, and aware of the environmental impact of food production, and they are ready to spend money on organic food. You can create an organic farm on your rooftop and grow organic fruit, vegetables, etc. The grown fruits and vegetables can then be sold in the local market or online; if you’re really enterprising, you could even look into how to get your food in stores so that it can be purchased by an even greater amount of people.
#8 Online Yoga Classes
The certified Yoga teacher can start online yoga classes. It is no investment business idea. The craze of Yoga is growing. You just need a separate room, Internet and laptop to start yoga classes. This is one of the best home-based business ideas for women in India.
#9 Start Tiffin Services
Starting tiffin services is an idea for a good cook. You just need one cooking assistance and delivery boy to start this business. Initially, you may face issue in getting orders but once your business is established you can earn a lot of money.
#10 Become YouTuber
Becoming a YouTuber is next in the list. As a YouTuber you need to create unique videos and post it on your channel. You may need high definition camera and video making software. As a YouTuber you can earn money from paid subscriptions and advertisements.
Conclusion
In this post, I have discussed about work from home business ideas and I am sure that you must have liked at least a few of them. Find a business idea that work for you and get started.
If you need any help for starting business feel free to post your query in the comment section given below.
21 Best Mutual Funds for 2021 – Mutual Fund via SIP route is one of the best investment options for the novice as well as a professional investor. You can get mutual funds for every financial goal. Mutual funds give multiple benefits to the investors such as high returns, the flexibility of SIP, professional management, diversification, etc.
Although mutual funds offer multiple benefits and higher returns, it is difficult to find out good mutual fund for investment. 44 mutual funds houses are operating in India. The count of mutual funds offered by these fund houses is more than 2000+. You need to shortlist mutual funds on various parameters and returns. This requires a lot of time and energy. To help you I am here with 21 Best Mutual Funds for Investment 2021 via SIP. This list contains mutual funds from large-cap, mid-cap, small-cap, multi-cap, ELSS schemes.
In the last year 2020, I have also recommended mutual funds. A few of them have generated magnificent returns details are given below.
Axis Blue Chip Fund – Growth – Direct – 11.69%
Canara Robeco Bluechip Equity Fund – 15%
Axis Mid Cap Fund – 18%
SBI Small Cap Fund – 20%
Axis Long term equity fund – 12%
Similar to last year, here is a list of the top 21 best mutual funds for investment in 2021. If you are planning to invest in a mutual fund for the long term you should consider these funds.
Shortlisting method for Mutual Fund –
Category of Funds – The first factor for the shortlisting is a category of funds like large-cap, small-cap, mid-cap, ELSS, debt, balance, etc. Shortlisting is given here for every fund category.
Fund performance – Fund performance is the second important shortlisting factor. Here research is done to find out best-performing fund 3-5 years.
Fund Rating – Fund rating is an important factor for shortlisting. Higher the fund rating better is fund. I have considered the rating given by CRISIL and Value Research. The fund rating above 3 stars is considered.
Fund Manager Expertise and Experience – A Fund manager is the person who decides on buying, selling, or holding the stock in the mutual funds. The returns of the fund depend on the decision taken by the fund manager and its expertise.
Holdings – Another factor for the shortlisting of Best Mutual fund is fundholding. Fundholding with good blue-chip stocks or making an investment in stocks that are likely to appreciate in the future.
Expense Ratio – Expense ratio is one of the important factors that affect mutual funds return. A higher expense ratio means a lower return. All the funds given below are with low expense ratio.
Scheme and Asset Size – Scheme type and asset size is another important factor while selecting funds. All funds selected here are higher in asset size – 100 Cr or above.
Based on the above parameters the Best Mutual Funds SIP to Invest for 2021 are given below.
21 Best Mutual Funds for Investment in 2021 – 22
Top 3 Large Cap Mutual Funds for 2021
#1 Axis Bluechip Fund
Axis Bluechip Fund is five star rated large-cap mutual fund for investment in 2021-22. This fund has given very good returns to the investors in the last five years. This fund was recommended by use in last year list also. As the name indicate this fund invest in bluechip stocks such as HDFC Bank, Infosys, Bajaj Finance, TCS, etc. It is managed by an experienced fund manager. This fund is beating benchmark returns consistently.
#2 Canara Robeco Bluechip Equity Fund
Canara Robeco Bluechip Equity Fund is next in the best mutual funds list. Canara Robeco fund is a recommended fund for medium to long term investment. In the last five years, this fund has given 80% returns to the investor. This fund is given five-star rating. It is managed by an experienced fund manager.
#3 Kotak Blue Chip Fund Growth
Kotak Blue Chip Fund Growth is one of the best large-cap funds for investment. Kotak Blue Chip Fund has generated magnificent returns for the investors in the past. This fund is beating benchmark returns over the past few years. It is managed by an experienced fund manager. Overall it is a good fund for investment.
Top 3 Multicap Funds for 2021
#4 UTI Equity Fund
UTI Equity Fund is Multicap fund for investment. It is a four star rated fund. The expense ratio of this fund is low. The investment portfolio of this fund is very good. If you are looking for diversification and good returns over the long term you can invest in this fund.
#5 Parag Parikh Long Term Equity
Parag Parikh Long Term Equity is a true multi-cap fund that invests in large-cap, mid-cap, and small-cap stocks. This fund is beating the benchmark and giving consistently good returns to the investors. In the last five years, this fund has generated 100% absolute returns for the investors. This fund also invests money in foreign equities.
#6 Canara Robeco Equity Diversified Fund
Canara Robeco Equity Diversified Fund is five star rated fund. This fund follows the bottom up investment style by identifying companies with a strong competitive position in good business. This fund has a strong stock portfolio and it is managed by an experienced fund manager.
Top 5 Best Mid & Small Cap Mutual Funds for 2021
#7 Axis Mid Cap Fund
Axis Mid Cap Fund is one of the best mid-cap funds for investment. The rating of this fund is five star. The past performance history of Axis Mid Cap Fund is very good. In the last five years, this fund has generated more than 88% returns. This fund is continuously beating benchmark returns. The expense ratio of this fund is average.
#8 DSP Mid Cap Fund
DSP Mid Cap Fund is the next fund in the mid-cap small-cap category. DSP Mid Cap Fund is managed by an experienced fund manager. The fund performance is very good. The expense ratio of this fund is low. One can invest in this fund for a medium to long term perspective.
#9 Kotak Emerging Equity Growth
Kotak Emerging Equity Growth fund is three star rated mid cap fund. This fund has generated exceptionally well performance in past ten years. This fund has very good portfolio mix of mid cap and small cap stocks. The expense ratio of this fund is comparatively low.
#10 SBI Small Cap Fund
SBI Small Cap Fund is one of the best performing small cap mutual fund. This fund has generated nearly 100% returns in last five years. It is four star rated fund. This fund invests more than 75% of fund in the small cap stocks.
#11 Axis Small Cap Fund
Axis Small Cap Fund is five star rated fund. This fund is managed by expert fund manager. This fund has given very good returns for the investors. You can invest in this fund with long term perspective.
Best Hybrid Mutual Funds for 2020
#12 SBI Equity Hybrid Fund
SBI Equity Hybrid Fund is aggressive hybrid fund. This fund is moderately high risk fund. This fund make investment in equity and debt. This fund has given good returns to the investors.
#13 IDBI Hybrid Equity Fund
IDBI Hybrid Equity Fund is aggressive hybrid mutual fund. This fund has 3-star rating. Expense ratio of this fund is slightly high. However, this fund has given average returns to the investors in the past.
#14 Canara Robeco Equity Hybrid Fund
Canara Robeco Equity Hybrid Fund is five star rated fund. This fund has given magnificent returns to the investors in the past. This fund is managed by experience fund manager.
Best ELSS Funds for 2021
#15 Canara Robeco Equity Tax Saver
Canara Robeco Equity Tax Saver is best tax saver fund for investment. This fund invests in large cap, mid cap as well as small cap stocks. Stock portfolio selection of this fund is very good. It is moderately low risk fund
#16 Mirae Asset Tax Saver Fund
Mirae Asset Tax Saver Fund is five star rated fund. This fund has given very good returns to the investors in the past. The expense ratio this fund is very low. You can invest in this fund for long term.
#17 Axis Long Term Equity Fund
Axis Long Term Equity Fund is one of the best ELSS fund for investment. This fund is giving consistently good returns to the investors. You can plan to invest in this fund for long term perspective.
Top Best Debt Mutual Funds for 2021
#18 HDFC Corporate Bond Fund
HDFC Corporate Bond Fund is four star rated fund. This fund invests in debt and government securities. This fund is for risk averse investors.
#19 Axis Dynamic Bond Fund
Axis Dynamic Bond Fund is dynamic bond fund. It is low risk fund. This fund has given good returns to investors in the past.
#20 Kotak Dynamic Bond Fund
Kotak Dynamic Bond Fund is five star rated fund. This fund invests in Government securities, NCD and bonds. It is managed by expert fund manager. Risk averse investor can invest in this fund.
#21 ICICI Prudential Constant Maturity Gilt Fund
ICICI Prudential Constant Maturity Gilt Fund is gilt fund. This fund is suitable for Investors who want to invest money for longer duration but their first and only priority is safety of their investments.
The list of best mutual funds given above are based on performance and various other parameters. You can invest in these funds based on your financial goal, risk profile & investment objective. If you are new to mutual fund investment you should take help from mutual fund advisor.
Once investment is made in the mutual funds, you need to monitor it at regular interval and make changes in the portfolio from time to time.
Have you invested in any of the mutual funds mentioned above?
I hope you liked this post, Share this post with your friends, relatives on Facebook & WhatsApp group. Please comment below and let me know which topic you would like me to write on.
