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Reliance Nivesh Lakshya Fund NFO – Should You Invest?

Shitanshu Kapadia
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Reliance Nivesh Lakshya Fund NFO – Should You Invest?

Reliance Nivesh Lakshya

Reliance Nivesh Lakshya Fund is pure debt fund recently launched by Reliance Mutual Fund. The tagline of this fund is “Opportunity to capture current interest rate for the long term!” This clearly indicates this fund is for long term investment. It is claimed that this fund will offer prevailing interest rate for 25-30 years. In this post, we will take a look at Reliance Nivesh Lakshya Fund. Prior to discussing about Reliance Nivesh Lakshya let’s talk about long term investment and few options for investment.

Long term investment is made to fulfil long term goals. Few examples of long term goals include child’s education, marriage of child, tension free retirement etc. High risk investor generally select equity mutual fund and share market for the long term goal. However, low risk (conservative investors) avoid equity stock market and equity mutual funds. Few best long term investment options for the conservative investors are fixed deposit, PPF, Sukanya Samriddhi Scheme etc. All these investment options are prone to change in the interest rate. Looking at current falling interest rate scenario it’s not recommended to invest in fixed deposit, PPF or Sukanya Samriddhi Scheme. Reliance Nivesh Lakshya debt fund is one additional alterative for conservative investors.

Also Read – Best Stocks to buy in India for long term Investment

Reliance Nivesh Lakshya Fund – Investment Strategy

This fund is intended to invest in the long term fixed income securities including government securities at the current yields. This fund will also invest in commercial paper, certificate deposit, treasury bills, corporate bonds etc. Most of the securities would be bought and held till maturity.

The fund management team will try to maintain a consistent performance in the scheme by maintaining a balance between safety, liquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance for management of the fixed income portfolios.

The investments in debt instruments carry various risks like interest rate risk, liquidity risk, default risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective use of hedging techniques.

The fund management team will take an active view of the interest rate movement by keeping a close watch on various parameters of the Indian economy, as well as developments in global markets.

Also Read – Top 10 Long Term Investment Options in India

Key Features of Reliance Nivesh Lakshya

  • To secure current prevailing rate for the long term.
  • Investment in debt and money market instrument with Macaulay duration above 7 years.
  • Opportunity to invest for long term with the flexibility to withdraw investments anytime.
  • Tax efficiency due to indexation benefit, applicable after 3 years.
  • Facility to withdraw money via systematic withdrawal option.

How to Invest in Reliance Nivesh Lakshya Fund?

Investment in fund is very easy. Follow the steps given below for making investment.

Step -1 Log in with your PAN number at Reliance Nivesh Fund Site.

Step -2 If you are existing holder of Reliance Mutual Fund portfolio it will ask you to select portfolio.

Step -3 On selection it will send OTP to your registered mobile number and email ID.

Step -4  Provide information about transaction and make the payment.

Should you invest in Reliance Nivesh Lakshya Fund?

Reliance Nivesh Lakshya Fund is unique debt fund designed for fulfilling long-term investment goals of investors. Long term here means minimum 10 years. This is to avoid capital loss due to change in interest rates.

This fund is best suitable for low risk investor and HNI (High net worth individual), who wants to protect and grow their hard-earned wealth without subjecting that to undue market risks.

This fund is also suitable for parents and grandparents who wants to create an inheritance for their lineal decedents.

Reliance Nivesh Lakshya is also suitable for the retirees who are aiming for comfortable retirement life. As this fund is expected to offer steady return on regular withdrawal.

The fund rating of this fund is moderate. This clearly means that it is suitable for moderate risk taker.

If you are young and high risk taker individual looking for long term investment option you should opt for good equity mutual funds or stocks for investment.

Cyber Insurance Cover against a risk of Cybercrime

Shitanshu Kapadia
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Cyber Insurance Cover against a risk of Cybercrime

cyber insurance

Cyber-attack cybercrime and cyber insurance are most popular words nowadays. All of us live in a digital era where the safety of credit card, internet banking password, and debit card PIN is more important compared to cash in the wallet. Most of the banking transaction is conducted online and a lot of personal information is freely available on the social networking website. A misuse of this information by a hacker can lead to financial disaster. Imagine what happens if someone hacks your debit card information and make illegal truncations from it. It’s scary right. Let me share one incident with you.

My relative bank account was hacked few months back, the hacker made illegal transaction worth 60,000 Rs online. He got SMS – “Dear Customer, you have made a Debit Card purchase of INR 32,500 on 04 Jan. Info. IIN*www.ebay Your Net Available Balance is INR XXXX “. While getting this SMS, he was surprised and he immediately contacted bank authority. He made a complaint at the bank, that it is illegal transaction and it is not made by him. Before any action is taken another SMS received with transaction value worth 27,500 Rs and he was stunned. He is fighting with bank authority to get a refund but a chance of getting a refund is very low.

As per information available on the internet, India ranks 3rd among nation facing most cyber threats. One of the solutions is fighting against cybercrime and hacking is to opt for Cyber Insurance. In this post, we will discuss Cyber Insurance in India. We will also take a look at why an individual should have cyber insurance cover.

Also Read – Tips to prevent credit card frauds

Cyber Insurance in India

Cyber Insurance is an insurance product that covers individual and business from loss or damage to data due to identity theft, malware attack, phishing, e-mail spoofing, privacy & data breach by third party etc. There are multiple insurance companies that provide cyber insurance policy such as Bajaj Allianz, HDFC Argo, and Tata AIG.

Bajaj Allianz Cyber Security Policy

A name of policy offered by Bajaj Allianz is named as “Individual Cyber Safe Insurance Policy”. The aim of this policy is to improve the comfort level of e-commerce and individual internet users.

What is covered under Bajaj Allianz Cyber Insurance?

  • Covers phishing, cyberstalking, malware attacks and other cyber risks.
  • It provides defense costs as a result of any claim by an affected party.
  • Financial Loss due to IT theft.
  • Cost of prosecuting a criminal case.
  • Restoration costs of the Insured’s computer system due to damage caused by Malware.
  • Cyber extortion loss that the insured incurs due to a result of Cyber Extortion Threat
  • Legal fees incurred by Insured for claiming damages against a Third party for Privacy Breach and or Data Breach
  • IT consultancy costs incurred due to cyber-attack.

Eligibility

Any individual person above 18 years of age who use the internet can buy this policy. It is annual policy. The sum assured under this policy can be anywhere between 1 Lakh to 1 Cr.

This plan can be purchased online with a click of a button. You need to provide detail about your risk profile while purchasing the policy.

The premium rate of this policy is very low. You can get coverage of 10 Lakh with an annual premium of Rs.2848.

HDFC ERGO Cyber Security

A name of policy offered by HDFC ERGO cyber insurance policy is “Cyber Security”. This policy is offered to commercial business against a wide range of first party and third party liability occurring due to exposure to the internet.

What is covered under HDFC ERGO Cyber Security Insurance?

  • Covers loss due to e-theft via network or computer system.
  • E-Threat Loss and any type of extortion payment.
  • E-Vandalism Loss
  • E-business interruption including extra expenses.
  • Crisis expense
  • Defense costs cover available for costs incurred in defending any claim.

Eligibility

HDFC ERGO Cyber Security insurance is only for the business/company. A company need to provide security incident, loss history, prior insurance detail and security information while applying for this insurance policy.

Tata AIG Personal Identity Protection

Tata AIG offers various cyber related insurance policies.  Two of them are personal credit card protection and personal identity protection.

What is covered under Tata AIG Personal Identity Protection?

  • Cover against loss or liability that may arise due to misuse of your identity or payment cards.
  • ATM Assault & Robbery Cover
  • Lost Wallet Cover
  • Legal Expense

How to File Claim for Cyber Insurance Policy?

The method of filing claim for cyber insurance policy is almost similar. Once you discover an event of a loss you need to inform insurer within 7 days along with claim form. Along with fully completed signed claim form you need to attach a copy of FIR logged with a cyber cell or Police authorities. You also need to include copies of correspondence with a financial institution with regard to IT theft loss.

When you should consider Cyber Insurance Coverage?

Well, cyber insurance policy is provided in two different category (1) individual (2) business.

If you are high net worth individual, dealing with multiple internet enabled devices, dealing with multiple credit cards, bank accounts and online transactions. You can opt for cyber insurance policy. The chances of fraud and hacking under above situation is very high so insurance policy like this act as a protection.

If you are small company running a business with low budget, you should avoid these types of insurance. You should try using cyber protection and IT security mechanism to fight against cyber-crime.

If you are big company dealing electronically with customer’s data or sensitive information where compliance is challenge you can opt for cyber insurance.

Remember cyber insurance is not a replacement of cyber security. It just give additional coverage against cyberattack so that your business can withstand against big expense due to cybercrime. Ideally as a big company you should have complete set of information security tools in place, including antivirus, data leak protection, two factor authentication, bit locker encryption, fire wall, Anti APT device, ransomware protection, event log analyser and Security Operation Centre.

10 Factors that can Move Stock Price Upward

Shitanshu Kapadia
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10 Factors that can Move Stock Price Upward

 

Stock prices — they’re like roller coasters, constantly rising and falling, keeping investors on their toes. But what makes them go up? Why does one stock soar while another barely budges? Understanding the factors that can move stock prices upward is crucial for anyone dipping their toes into the investing pool. Let’s break it down in simple terms and uncover the secrets behind those green arrows pointing north on your favorite trading app.

stock price movement

1. Earnings Growth

Earnings are the heartbeat of any company. When a company reports stellar earnings growth, it’s like fireworks for its stock price. Why? Because higher earnings mean the company is doing well financially, which attracts more investors.

For instance, imagine your favorite coffee shop suddenly starts making twice as much profit because it’s selling a trendy new drink. If it were a publicly traded company, its stock would likely jump as investors rush to grab a piece of the pie. Earnings growth signals stability and potential, two things investors absolutely love.

2. Positive Economic Indicators

The overall economy plays a massive role in stock movements. Think of the economy as the tide and individual stocks as boats. When the tide rises, so do the boats. Positive economic indicators like low unemployment, strong GDP growth, or increased consumer spending can send stock prices soaring.

Why? Because when the economy is thriving, businesses typically make more money, and investors feel confident putting their cash into stocks. It’s all about riding the wave of optimism.

3. Innovative Products or Services

Innovation is like rocket fuel for stock prices. Companies that unveil groundbreaking products or services often see their stock prices skyrocket. Why? Because innovation creates buzz and often leads to increased sales.

Think about tech giants like Apple. Every time they announce a new gadget, their stock price gets a boost. Investors see innovation as a sign that the company is forward-thinking and ready to dominate its industry.

4. Mergers and Acquisitions

When companies merge or one acquires another, stock prices can take off. Investors usually interpret these moves as a sign of strength and growth potential. For example, if a smaller company with a promising future gets acquired by a giant, the smaller company’s stock often jumps.

It’s like finding out your favorite local restaurant is now backed by a big-name celebrity chef — suddenly, everyone wants in.

5. Industry Trends

Sometimes, an entire industry gets a boost, and the rising tide lifts all ships. For instance, if renewable energy becomes the next big thing, companies in that sector might see their stock prices climb simply because investors are pouring money into the trend.

Being in the right industry at the right time can make all the difference. It’s like being the hot new band at a music festival — everyone wants to hear you.

6. Stock Buybacks

When a company buys back its own shares, it’s often a sign of confidence in its future. Plus, buybacks reduce the number of shares available in the market, which can drive up the price of the remaining shares.

Think of it like a limited-edition sneaker drop. The fewer pairs available, the more valuable each one becomes. Stock buybacks create scarcity, which can lead to higher prices.

7. Strong Leadership

A great leader can do wonders for a company’s stock price. When a visionary CEO steps in, it can spark renewed confidence among investors.

Take Tesla, for example. Elon Musk’s bold ideas and charisma have undeniably influenced the company’s stock performance. A leader who inspires trust and excitement can act as a magnet, drawing investors in.

8. Dividends and Dividend Increases

Dividends are like little thank-you notes from a company to its investors. When a company announces or increases dividends, it’s sending a signal that it’s financially healthy. This can make the stock more attractive, driving up its price.

It’s the equivalent of a restaurant giving out free dessert with every meal — who wouldn’t want to dine there?

9. Analyst Upgrades

Analysts have a lot of sway when it comes to stock prices. If a respected analyst upgrades a stock and raises its price target, it’s like a seal of approval. Investors take notice and often start buying, pushing the stock price upward.

It’s like getting a glowing review from a famous critic — suddenly, everyone wants to try the product.

10. Market Sentiment

Finally, let’s talk about vibes. Market sentiment — the overall mood of investors — can significantly impact stock prices. If investors feel optimistic, they’re more likely to buy stocks, driving prices up. This sentiment can be influenced by everything from news headlines to social media chatter.

Think of it as a crowd at a concert. If everyone’s pumped, the energy is contagious, and the experience is electric. Similarly, positive market sentiment can create a buying frenzy.

 

Wrapping It Up

Stock prices don’t just move on a whim. They’re influenced by a complex mix of factors ranging from economic conditions to company-specific news. By understanding these 10 factors, you’ll be better equipped to make informed investment decisions.

Remember, investing is part science, part art, and a sprinkle of luck. But with the right knowledge, you can tilt the odds in your favor. So, next time you see a stock price climbing, think about these factors and what might be driving the movement.

FAQs

1. Can stock prices rise indefinitely?

Not usually. Stocks might climb for a long time, but eventually, they’ll face corrections due to market cycles, economic changes, or company-specific challenges.

2. How can I predict stock price movements?

While no one can predict stock prices with certainty, analyzing company fundamentals, industry trends, and market conditions can help you make educated guesses.

3. Do stock prices always reflect a company’s value?

Not always. Stock prices can be influenced by hype, speculation, or market sentiment, which may not align with the company’s true value.

4. What role does investor psychology play in stock prices?

A huge role! Fear and greed drive a lot of stock market behavior. Positive sentiment can push prices up, while panic can bring them down.

5. Are stock buybacks always good for investors?

Not necessarily. While buybacks often boost stock prices, they can also signal that the company lacks better growth opportunities.

Invest wisely, stay curious, and keep learning. The stock market may seem like a roller coaster, but with the right approach, you can enjoy the ride!

10 Free Credit Cards in India – With No Annual Fee

Shitanshu Kapadia
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0
10 Free Credit Cards in India – With No Annual Fee

A free Credit Card means a card without any annual fees or charges. These types of cards are free to hold for a lifetime. In other words, there are no annual fees or charges to hold this card. You just need to pay for what you use.

Free Credit cards help customers reduce the overall cost of owning a credit card. However, mostly all credit card companies waive annual fees only if customers spend a certain amount in a year. You should check the terms and conditions before opting for a credit card.

If you want to save money on annual fees and joining fees here are 10 Free Credit Cards in India with No annual fees.

Type of Credit Cards

10 Free Credit Cards in India – With No Annual Fee

The free credit cards in no particular order is given below.

  1. Citibank Rewards Domestic Credit Card
  2. Central Bank of India Titanium Credit Card
  3. HSBC Visa Platinum Card
  4. HDFC Moneyback Card
  5. ICICI Platinum Chip Credit Card
  6. ICICI Bank HPCL Coral Credit Card
  7. Kotak Royale Signature Credit Card
  8. Kotak League Platinum Credit Card
  9. SBI Simply Save
  10. Standard Chartered Platinum Reward Credit Card

Also Read – Best Credit Cards in India 2019

  1. Citibank Rewards Domestic Credit Card

The first free credit card in the list is Citibank Rewards Domestic Credit Card. No annual fee is applicable for this card if you spend annually Rs.30000 or above. If you don’t cross annual spend limit you need to pay Rs.1000 annual fees. The benefit offered by this card is given below.

Features and Benefits –

  • 10X Reward Points for every Rs125 spent at Apparel and departmental store
  • Up to 15% saving across participating restaurants
  • 1000 bonus points on first Rs.1000 spend
  • Personal Concierge Services
  • Gift Vouchers Benefits

Citibank Rewards Domestic card is the Best card for Rewards.

  1. Central Bank of India Titanium Credit Card

Central Bank of India Titanium Credit card is premium credit card available with no issuance fee. This card is widely accepted at all merchant outlets across the world. You can even use this card for ATM withdrawal. The key features of this card are given below.

Features and Benefits –

  • Highly secured card with OTP generation on every transaction.
  • 55 days of credit free card usage facility.
  • Auto Debit Facility available for this card.
  • Complimentary airport lounge access facility

Central Bank of India Titanium Credit card is best suitable for low-income group people. To apply for this card gross annual income should be 1.5 Lakh per annum.

  1. HSBC Visa Platinum Card

HSBC Visa Platinum Card is one of the best cards without any annual or joining fees. This card offers multiple benefits such as cash back, free movie voucher & fuel surcharge waiver.

Features and Benefits –

  • 10% cashback up to Rs.3000 with a minimum spend of Rs.30000.
  • 15% discount as dining privileges in major cities.
  • Fuel Surcharge Waiver
  • Movie Voucher Offer
  • Multiple reward and discount on selected products.
  • Free Credit Period up to 52 days.

HSBC visa platinum credit card is best for rewards and cashback. No joining or annual fee is applicable for this card.

Also Read – 15 Types of Credit Cards in India and Usage

  1. HDFC Moneyback Card

HDFC Moneyback as the name suggests it is best suited free credit card in India for Money back purpose. Rs.1000 is annual fees applicable on this card. However, this fees can be waived off by spending Rs.50000 annually. Key features of HDFC Moneyback Card is given below.

Key Features and Benefits –

  • 2x Reward Points on online shopping
  • Redeem reward point as cashback
  • Zero liability on lost card
  • Fuel Surcharge waiver
  • Spend Rs.50000 in a quarter and get Rs.500 E-Voucher

HDFC Moneyback card is best for cashback. This card is offered to both salaried and self-employed.

  1. ICICI Platinum Chip Credit Card

In free credit cards list, one of the top credit cards is ICICI Platinum Chip Credit Card. This card is value for money as it provides multiple benefits and rewards. This includes annual fee waiver. Key benefit detail of this card is given below.

Features and Benefits –

  • Annual fee waiver on an annual spend of Rs.50000 or above
  • 15% saving on dining bill
  • Fuel surcharge 1% waiver
  • Earn 2 payback point on every Rs.100 spent
  • An extra PIN-based security feature
  • Eligibility for this card is stringent and it is offered to eligible corporates only

This card is most suitable for first-time credit card user and corporate employees.

  1. ICICI Bank HPCL Coral Credit Card

The next best free credit card by ICICI bank is HPCL Coral Credit Card. This card is best suitable for getting extra savings on fuel. The features of ICICI platinum chip card and this card is somewhat similar. This card also offers annual fee waivers on annual spent of Rs.50000 or above.

Key Features

  • Get Rs.100 off on movie tickets twice per month.
  • 15% saving on dining bill
  • 2.5% cashback on fuel spent on HPCL petrol pump
  • Fuel surcharge 1% waiver

If you are spending a lot on fuel you can use this card to reduce your fuel bill.

  1. Kotak Royale Signature Credit Card

Kotak Royale Signature Credit card is a lifestyle credit card. This card is offered with an annual fees of Rs.999. However, these fees can be waived at an annual spend of 1 Lakh.

Features and Benefits –

  • 4x and 2x Reward points
  • Fuel Surcharge Waiver
  • Free access to Airport Lounge
  • 5 Lakh cover against fraudulent usage

Kotak Royale Signature Credit Card is best suitable for lifestyle expenses.

  1. Kotak League Platinum Credit Card

Another best free credit card from Kotak is Kotak League Platinum Credit Card. Kotak League Platinum Credit card is also a lifestyle credit card with multiple reward benefits. The joining fee for this card is NIL. The annual fee is Rs.499 which can be waived off if you spend Rs.50000 in a year. The key features of this card is given below.

Key Features

  • You can Earn up to 8X reward points on every Rs. 150 spent
  • Rs.500 movie Voucher as joining gift
  • Fuel surcharge waiver
  • Credit Card League shield – Protection cover for card
  • Easy Reward Redemption

This card is best suited for middle-class people. The annual income requirement for this card is Rs.5 Lakh.

  1. SBI Simply Save

SBI Simply Save is another best free credit cards. An annual fee is applicable on this card. The fee can be waived if your annual spend is 1 Lakh or above. Key Features and benefit details of this card are given below.

Features and Benefits

  • Enjoy 10x Reward per Rs.100 spent on Dining, Movies, Department stores, and Grocery
  • Fuel surcharge waiver
  • Auto utility bill payment
  • Cash on the Go Facility

SBI Simply Save is the best card for saving extra money.

Also Read – Credit Card Loan or Personal Loan – Its your Choice

  1. Standard Chartered Platinum Reward Credit Card

Standard Chartered Platinum Reward Credit card is one of the best free credit cards.  A special advantage of the Standard Chartered Platinum Reward Credit card is the card provides a lucrative offer of 20% cashback per month on Uber rides. This means you can save sa ustainable amount on Uber rides per year. An additional benefit offered by this card is given below.

Additional Benefits

  • No Annual and Joining Fees
  • Earn 5 reward points for every Rs.150 spent on dining outlets and on fuel.
  • 20% discount for first-time user of the big basket.
  • 1000 reward points on the first transaction of a credit card.
  • Additional 500 reward points for registering online banking.

Note –

There is no free lunch in this world. Everything is charged or bundled with hidden charges. You should go through the most important terms and conditions before opting for any credit card.

Final Thoughts

Finding a free credit card in India doesn’t mean you have to compromise on perks. These cards offer fantastic benefits like cashback, rewards, fuel waivers, and discounts — all without an annual fee. Whether you shop online, travel, or simply want a backup payment option, there’s a perfect zero annual fee credit card for you.

FAQs

1. What does “lifetime free credit card” mean?

A credit card with no annual or joining fee for the entire tenure.

2. Can I apply for multiple free credit cards?

Yes, but managing multiple cards can be tricky. Choose wisely!

3. Do free credit cards have hidden charges?

Most have no hidden charges, but always read the terms & conditions.

4. Can students apply for these credit cards?

Some banks offer student-friendly credit cards, but they usually require a fixed deposit.

5. Do free credit cards offer airport lounge access?

Yes! Some, like Yes Bank Prosperity Rewards Plus, provide lounge access.

6. How do I improve my credit limit?

Regular spending, timely bill payments, and a good credit score can help.

7. Are these free credit cards accepted worldwide?

Most Visa and Mastercard credit cards are internationally accepted.

8. What happens if I don’t use my credit card?

If inactive for a long time, banks may deactivate or reduce the credit limit.

9. Do these credit cards offer EMI options?

Yes, most allow EMI conversion on large purchases.

10. How do I check my credit card application status?

Visit the bank’s website and use your application reference number to track it.

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