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Jul232021 by wealth18.comNo Comments

[July 2021] Arbitrage Funds – Should you invest in it ? – Details & Review

Mutual Funds

Arbitrage Funds, as the name suggests, are the funds which make money from Arbitrage opportunities. Many investors are not familiar with this type of Mutual Funds. They normally know Equity Funds and Debt Funds etc and think Arbitrage Funds are just other fancy schemes under Equity Funds. However this is not the case. Arbitrage Funds Definition / Meaning "Arbitrage" means - The simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. Actually, Arbitrage Funds are niche category of mutual funds that aim to take advantage of arbitrage opportunities between spot (cash) and future markets. The arbitrage is sought by taking advantage of the mis-pricing between the ca...

Jul222021 by wealth18.com1 Comment

HDFC Bank Regalia First Credit Card – Review, Details, Offers, Benefits

Credit Cards, HDFC Bank Credit Cards

HDFC Regalia First is a premium credit card by HDFC Bank that provides many benefits around travel and dining. You can get the card effectively for free (based on annual spend or get equivalent points). Also, the reward points redemption value for this HDFC credit card is good as you can get upto XX % off on certain spending. HDFC Regalia Credit card Benefits Complimentary Airport Lounge Access within India 8 complimentary access per calendar year within India (both at domestic and international terminals) using the HDFC Bank Regalia First Credit Card Swipe your Regalia credit card at the lounge to avail the complimentary lounge access To check eligible Lounges for Visa Customers please visit here & for MasterCard customers please visit here Visits exceeding ...

Jul222021 by wealth18.comNo Comments

HDFC Bank Regalia Credit Card – Review, Details, Offers, Benefits

Credit Cards, HDFC Bank Credit Cards

HDFC Regalia is a premium credit card by HDFC Bank that provides many benefits around travel and dining. You can get the card effectively for free (based on annual spend or get equivalent points). Also, the reward points redemption value for this HDFC credit card is good as you can get upto 6.33% off on certain spending. HDFC Regalia Credit card Benefits Complimentary Airport Lounge Access within India 12 complimentary access per calendar year within India (both at domestic and international terminals) using the HDFC Bank Regalia Credit Card Swipe your Regalia credit card at the lounge to avail the complimentary lounge access To check eligible Lounges for Visa Customers please visit here & for MasterCard customers please visit here Visits exceeding the compli...

Jul212021 by wealth18.comNo Comments

HDFC Bank Infinia Credit Card – Review, Details, Offers, Benefits

Credit Cards, HDFC Bank Credit Cards

HDFC Infinia is a super premium credit card by HDFC Bank that provides many benefits around travel and dining. You can get the card effectively for free (based on annual spend or get equivalent points). Also, the reward points redemption value for this HDFC credit card is best as you can get upto 33% off on certain spending. Check out HDFC 10x rewards program. HDFC Infinia Credit card Benefits Unlimited Complimentary Airport Lounge Access (for Primary and Add-on member) : HDFC Infinia card gives you a complimentary Priority Pass Membership that allows you preferential access* to 1000+ airport lounges globally. Primary card and add-on Card holders may utilize the refreshment and business center facilities at these lounges. Please note that the presentation of the Priority Pass...

Jul12021 by wealth18.comNo Comments

ICICI Bank Emeralde Credit Card (Super Premium Card) – Review, Details, Offers, Benefits, Fees, How To Apply

ICICI Bank Credit Cards

ICICI Bank offers a new super-premium credit card ‘Emeralde' with amazing features like unlimited lounge access, airport spa access, lowest international markup, refund of cancellation charges etc. ICICI Bank Emeralde Credit Card Benefits Travel with just one card internationally - Nominal Mark-up fee of 1.5% on international transactions Get a refund of up to ₹12000 for a maximum of two transactions every year on any flight / hotel / movie booking cancellation. Enjoy unlimited complimentary access to international airport lounges, under the Dreamfolks DragonPass Lounge Access Programme (primary cardholder only) Enjoy unlimited complimentary access to select lounges at airports in India (Amex list and Mastercard List) Complimentary Airport and In-flight WIFI Access (For A...

Jul12021 by wealth18.comNo Comments

American Express SmartEarn™ Credit Card – Review, Details, Offers, Benefits, Fees, How To Apply, Eligibility, Status, Limit

Amex Credit Cards, Credit Cards

American Express® SmartEarn Credit Card offer excellent benefits. Amex Express SmartEarn Credit Card Benefits Joining Benefits : Rs. 500 cashback as Welcome Gift on eligible spends1 of Rs. 10,000 in the first 90 days of Cardmembership Benefits Milestone Benefits: N/A Lounge Access (Domestic / International): N/A Golf : N/A Movie Tickets: N/A Restaurant Offers: Up to a 15% discount at over 1,000 restaurants across major cities. See the list of participating restaurants. Railway Surcharge waiver: N/A Fuel: 0% Convenience fee on fuel purchase at HPCL for transaction less than Rs. 25,000 and 0.3% Convenience fee on fuel purchase per transaction is applicable for all transactions on and above Rs. 25,000 International Spend Benefits: N/A Other Off...

Jul12021 by wealth18.comNo Comments

American Express Membership Rewards® Credit Card – Review, Details, Offers, Benefits, Fees, How To Apply, Eligibility, Status, Limit

Amex Credit Cards, Credit Cards

American Express® Membership Rewards Credit Card offer excellent benefits. Amex Membership Rewards Credit Card Benefits Joining Benefits : Welcome Gift of 4,000 Bonus Membership Rewards® Points - Available only in the 1st year on payment of the annual fee and on spending INR 15,000 within 90 days of cardmembership. Benefits Milestone Benefits: Available - see reward section below. Lounge Access (Domestic / International): N/A Golf : N/A Movie Tickets: N/A Restaurant Offers: Up to a 15% discount at over 1,000 restaurants across major cities. See the list of participating restaurants. Railway Surcharge waiver: N/A Fuel: 0% Convenience fee on fuel purchase at HPCL for transaction less than Rs. 5,000 and 1% convenience fee on fuel purchase per transaction ...

Jun232021 by wealth18.com10 Comments

PF Name change form, Date of Birth, Address correction & update process – Online and Offline

How to Series, PF

Many PF members face challenges at the time of PF transfer or PF withdrawal due to errors in the name, date of birth etc. Have you faced similar issue? Do you want to change the name or date of birth in your PF account? Have you changed your surname after marriage and the new name is in bank account but not in PF account? In this post, I am providing more details around process and form to change and update your details in PF account – Name, Date of Birth, Communication Address, Email account, Mobile Number etc. A. Change of Name in EPF Account - Online Method - New You can now apply to make changes online and you need following: 1. Active UAN, 2. Access to EPFO's Unified Portal website, 3. Aadhaar number, 4. Employer needs to forward the request online to EPFO. Step by Ste...

Apr52021 by wealth18.comNo Comments

How to update KYC for your EPF and UAN?

How to Series, PF

Sicne EPFO has launched Universal Account Number (UAN), a number of PF related processes (transfer, withdrawal, balance check etc) has been made online. Each PF subscriber should have a UAN alloted. To fully utilise the services online, it is important that you upload your KYC documents on UAN portal. The process to get the KYC updated is very simple as below. How to update or upload KYC details in EPF UAN Login to Member e-Seva Portal using your UAN and password Under "MANAGE" --> Click on KYC You can enter the KYC details - bank, PAN, Aadhaar, passport, Driving License, Election Card, Ration Card and National Population Register Once you save the changes made by clicking the save button, your data will be saved under the “Pending KYC” section Your details are the...

Jun22020 by wealth18.comNo Comments

Reliance Industries Rights Issue 2020 – Details & How to Apply

Stocks

Reliance Industries (RIL) has announced its Rights Issue to raise Rs 53125 crores. The rights issue is open for subscription on May 20 and closes on June 03,2020. Record Date to be eligible: 14th May 2020 Ratio : 1:15 - Eligible shareholders are allowed to subscribe to 1 equity share for every 15 shares held Right Issue discounted price: Rs 1257 The shareholders is not required to pay full amount now, but it will be required to pay in installments: Installment 1 : Rs 314.25 per rights equity share. (25%) Balance: Rs 942.75 will be payable in two installments (Expected 25% in May 2021 and 50% in Dec 2021) Rights Entitlement: The rights entitlement (RIL-RE) will also be credited to the Demat accounts of shareholders by RTAs. The RE will be in the form of temporary Demat secu...