Personal Finance
SEBI Proposes New Mutual Fund-PMS Category, Lowers Entry Bar to ₹25 Lakh
The Securities and Exchange Board of India has proposed a Mutual Fund-Portfolio Management Services (MF-PMS) category. The framework reduces the minimum investment threshold to ₹25 lakh, lowers capital requirements for managers, and eases compliance to widen access for mass-affluent investors.
Credit Score Benefits: Why maintaining a high score is vital even without loans
Financial experts warn that ignoring your credit profile can lead to serious hurdles during emergencies; discover why a strong score is your most valuable asset even if you have no immediate plans to borrow money.
Missed Your Credit Card Due Date? RBI’s New Rule Offers A 3-Day Grace Period
In a major relief for credit card users, the Reserve Bank of India has introduced a three-day grace period for bill payments. Banks can no longer levy late fees immediately after the due date, providing consumers a much-needed buffer to manage their monthly financial obligations.
