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Investing through SIPs- Decoded for beginners

Should you opt for an SIP investment India? The answer to this question will be a resounding YES as far as a majority of financial advisors and experts are concerned. This is because SIP investments enable investors to keep investing pre-determined amounts on a regular basis in a mutual fund plan. The sheer convenience and hassle-free manner of building future wealth is what makes SIPs truly beneficial for your portfolio.

Making an SIP investment Indiawill naturally infuse more financial stability and discipline into your daily life. It will also help you invest regularly in SIP mutual funds without having to worry about market fluctuations, daily market trends, volatility and index levels among other factors. You only have to direct a fixed amount of money into the SIP plansevery month and that is all you need to do. You do not have to actively participate in stock trading or other activities for earning returns over a sustained period of time. Also, you do not have to invest a lump sum amount in one go; you can keep building up your corpus with smaller investments at regular intervals.

Some key advantages of systematic investment plans

When it comes to an SIP investment India, there are multifarious benefits worth taking into account. These investment options help you average out the purchase cost while maximizing and scaling up overall returns simultaneously. When you regularly invest your money over a certain time period, irrespective of market circumstances, you will naturally obtain a higher number of units when the market is witnessing a downturn. Similarly, you will get a lesser number of units when the market is on a high of sorts. This will help in averaging the overall mutual fund unit purchase costs. Another major advantage is compounding which will help you grow your investment phenomenally over the long haul.

When you invest smaller amounts every month over several years and start getting returns on the previous returns earned by your invested amount, then your corpus will grow further with the sheer power of compounding. This will help you build a large kitty for achieving future financial objectives.

Some other aspects worth noting

SIP investment India options are aplenty and you need to make your choice carefully. You can always customize your SIPs by choosing from monthly, fortnightly, bi-monthly and other payment options.

Here are some tips that you should always keep in mind:

You should be clear about the amount you need to invest and have an idea about the future corpus you need to accumulate.
You should always have specific goals linked to every SIP that you invest in. This applies in case you have multiple SIP investments.
Step-up SIPs are often good options since you can scale up your investment with increases in your income.
You may consider SIPs with growth options for building more wealth via compounding.
You should keep tracking SIPs on a periodic basis to see how they are performing.

3 Best Everyday Innovations We Love

Technology and scientific advances and discoveries have created a bold new world in the 21^st century. The access of the Internet even in remote corners of the world, the ease with which modern gadgets can be used, and mankind’s constant endeavour to make life easier, have resulted in some of the most brilliant innovations in recent times.

There is no way to narrow down the list of excellent innovations to a list – every region in the world has its own requirements and ways to deal with their problems. From new agricultural implements to new updates in mobile phone technology, there are several big and small innovations that enterprising individuals and companies around the world have come up with. But we still have our favourites from amongst the newest ones we have used and/or are hearing about. We list them in this article, in no particular order:

#1 Mattress in a box

This is one innovation we can literally take to bed with us. It’s just like it sounds – it’s a mattress folded inside a box. Why, you ask? Because mattresses are notoriously difficult to transport, even over short distances. Remember moving to your new house and the delivery team struggling to bring your heavy mattress up? That is why leading brands innovated with a mattress in a box in UAE – it is a mattress folded compactly in a box for the easiest transportation option ever. Just order the mattress and the delivery team carries it to your house and unpacks it in front of you. Once opened, the mattress gains its required size and form. No need to navigate tricky corners, go up narrow staircases or work up a sweat while transporting your new mattress to your house – just get a mattress in a box and be done with it!

#2 Remote baby health monitors

We have long had wearable health monitoring devices and smartphone apps that measure heart rate, breathing rate and even sleep quality in real time. But new advances in computer vision and schematics in the arena of remote health monitoring have now resulted in inexpensive but brilliant devices like smart baby monitors. These monitors use sound and movement at a certain distance to track changes in breathing rate, heart rate and even sudden onset of illness. Thus, the monitor can alert parents when their baby falls asleep, or abruptly wakes up, or faces sudden heart or respiratory distress – all of these help parents track their baby’s wellbeing in real time and call for medical help immediately. The device does not consume too much battery power and the manufacturer, Cocoon Labs, aims to reduce its price so that it can be widely used not just in homes but also hospitals, hospices and shelters.

#3 Appliances that plan your meals and draw shopping lists

How would you like your refrigerator to remind you to do a grocery run? Or the glass box you stored the cut veggies in to record the exact nutrient profile of the salad you are about to make? While smart appliances in the kitchen have been around for a while now, it is only recently that they have started making a foray into the health care and nutrition space. For instance, PantryOn has a device that you can tack inside the refrigerator to develop shopping lists, find the best price for the fruit, vegetables and other staples you need to buy and even suggest alternatives to your pantry! As if that wasn’t enough, major companies are developing refrigerators and pantries that plan your next meals based on the ingredients you have, tell you their nutrient profile and suggest ways to make meals healthier.

What do you think of these innovations? We love them because they are simple, easy to implement in daily life and reduce stress and uncertainty to a large extent – which is how some of the best ideas in the world work!

5 Easy Fixes for Maturing Skin

Every person wishes to have young, glowing skin. But not many are able to achieve the skin of their dreams, especially when they are in their 30s. The body’s natural aging processes, environmental and weather factors in the UAE, a diet lacking in the right nutrients and poor quality of sleep, among other factors, can all cause the skin to mature much faster than it should.

But there are some simple fixes for maturing skin to retain its youthful dexterity – try these:

#1 Protect your skin from the elements.

Mature skin needs a lot more pampering and care, because it is unable to bounce back into good health the way young skin can. It reacts much faster with the elements – high heat, sunlight, pollution, humidity, and other factors in the UAE can accelerate aging and maturity. The skin loses its ability to replenish itself, leading to age spots, fine lines and wrinkles. Get ahead of the elements by protecting your skin with the right skin care in UAE. Follow a regular cleansing-toning-moisturising-sun block regimen every day, irrespective of the weather, and you will find that your skin retains its youthful, unlined radiance for much longer.

#2 Use natural remedies that suit your skin.

Maturing skin requires special care, and OTC serums and creams might not provide the nutrition it requires. You can ask your dermatologist about the right skin care routine to follow and best products to use. Meanwhile, you can also try natural remedies with ingredients sourced from your pantry. Make face packs from fresh fruit and vegetables, supplemented by items like cold milk, honey, herbs like turmeric. You can use cream or butter with rock salt or brown sugar to make a simple lip and face exfoliant. Tomato, ripe banana, cucumber, honey, milk and ripe papaya are excellent choices for hydration, repair and restoration.

#3 Pack sufficient nutrients in your diet.

You literally are what you eat. If your diet is loaded with nutrients, your skin will be healthy and suffused with a natural glow. But if your routinely consume junk food and sugary drinks, your skin will look dull and ridden with acne, among other problems. Your skin needs more care than it did when you were younger, because cell renewal and repair processes have slowed down considerably now. When you boost your skin’s repair and restoration efforts with adequate nutrition, it is able to produce more collagen (the primary protein required for building new skin) and lock in moisture far more efficiently. Also take care to drink at least one litre of water every day. If you don’t like to drink plain water, consume several cups of green or chamomile tea, plain unsweetened milk, vegetable soup, fresh fruit juice, etc.

#4 Exercise to remove toxins and impurities from the skin.

Exercise is needed now more than ever, because shifting the excess pounds becomes much difficult in the 30s and 40s. Apart from keeping the excess kilos at bay, exercise revitalises your skin’s natural defences. It aids in the toxin removal via sweat when you exercise, and improves the body’s lymphatic drainage and blood circulation processes. Be sure to use a good cleanser after exercise to remove the dried sweat and oil on the skin. Regular exercise imparts a natural glow to your skin, helping keep acne, fine lines and pigmentation at bay. Another benefit of exercise is that it helps you sleep better – good quality sleep is responsible for faster skin restoration, so you wake up looking fresh and radiant.

#5 Get regular facial massages.

Younger people don’t require facial massages, since their skin is taut and firm, and able to heal itself faster. But maturing skin is prone to sagging and fine lines, owing to a reduction in elasticity and hydration. Facial massages with special skin care products and/or using olive oil, homemade scrubs replenish the skin’s lost hydration and stimulate blood circulation. This firms up the skin tissues and locks in moisture, thus keeping premature aging and dullness at bay.

However, do be sure to consult your dermatologist for recurring problems, or issues that are causing soreness and inflammation in the skin. Following the tips mentioned above should keep your skin healthy for years to come.

Term Insurance Plans – An Umbrella to Cover A Few Uncertainties

One of the real facts about life is that it is entirely uncertain. You can never really know what might come across your journey of life. Security and protection against unforeseen circumstances is, therefore, a necessity. And this can be achieved to some extent with an insurance plan.

Purpose of a Term Insurance Plan

This is an insurance plan that can be utilized to secure the future of your family in your absence. The beneficiaries are entitled to receive a lump sum amount if the insured meets with an unfortunate event. Known as death benefits, the amount can be used for higher studies, the marriage of children, or even creating a retirement account.

The Need Aspect

The need for financial security is not unknown to you. And needless to say, this becomes extremely important when the earning member of a family passes away.

Some of the other needs that these plans may cater to are-

Protection against severe illnesses – by including add-ons, we may choose to get coverage for critical illnesses such as heart attack or cancer.
Tax benefits – under Section 80C, the premiums paid for life insurance plans are not considered as taxable income. Section 10(10D) of the Income Tax Act (1961) also exempts the amount of maturity that is received under a policy.
Loan repayment – if the insured has outstanding debts, the family can feel less burdened in repaying them with the insurance payout.

How Does This Work?

Now that you know some of the benefits of a term insurance plan let’s find out how this works. You will obtain financial coverage for yourself and your loved ones in return for the premiums paid. The premium may depend upon the applicant’s health, age, and life expectancy. A medical examination may also be called for in some cases.

If the policy expires, it can be renewed, and coverage extended. In this case, the insured or beneficiary will not be eligible for any payout.

The minimum age required to buy a plan is 18 years, while 65 is the maximum age limit.

Types of Plans

Standard term insurance plans are one of the variants that protect against a variety of risks. Here, the insured is generally required to pay an annual premium. Companies or large families may buy a group plan that covers all the group members.

One may also opt for the Tax Returns of Premium (TROP) Plans. This is one of the most popular plans in recent times. Here, the policyholder can expect a refund of the premium paid in case no death has occurred.

How to Buy a Plan

There are various insurance companies where you can select a plan. Once you have decided on the life cover and have the premium calculated, you may make the payment. A proposal form will also have to be submitted along with the necessary documents.

Conditions Excluded From Protection

There are certain circumstances under which a claim is likely to be rejected. These include accidental deaths caused by the influence of alcohol, any medical condition that is not specified in the policy, engaging in dangerous activities like racing, and/or any illegal activity leading to the death.

Additionally, if the demise is a result of suicide, sexually transmitted disease that is not present in the policy or substance abuse, it might also not be covered by a term insuranceplan.

Slay your boredom in style – play online games with your friends

Most of us have been forced to turn into shut-ins, and getting fed up with the monotony caused by social distancing, is unavoidable. Playing online games is one of the ways to ease your boredom while also remaining connected with your group of friends.

Do you miss your usual weekend game nights? Do you miss getting to talk to your friends, now more than ever? If yes, then you’re probably not the only one. Meeting your friends and hosting games over a cup of joe won’t be a possibility, as long as we’re all under a mandatory COVID-19 lockdown.

But should the threat of the coronavirus disease, completely stop you from having fun and competitive matches with your friends? Perhaps, think of going virtual? Play online multiplayer games with a bunch of your friends and come out of this crisis happy!

What’s more, you don’t need an expensive gaming station to start a friendly match. You and your friends can use mobile phones or tablets to download free multiplayer games, anytime.

Here are our picks for some funky free games online that can be easily downloaded and should be a part of your next gaming night.

Also Read: 5 Simple Recipes to Try at Home During the COVID-19 Home Quarantine

Kahoot – host trivia nights on your own

If you miss creating your quizzes for your trivia nights and are looking for an app that lets your friends connect to you too, then Kahoot was made just for you.

Using this app, you get the freedom to customize your quizzes. You can share a pin generated by this app with your friends and voila! You are ready to have hours of fun with your group.

Looking for amazing graphics without the costly setup – play Sky: Children of the light

Available on iOS and android both, this game boasts for its amazing backgrounds and a multiplayer connection ability. This is a must-have for anyone looking for a calm gaming experience, that too, with a friend. In our opinion, this is one of the best out of all the free online games.

You just have to send a QR code over to your friend to invite them in for a session, and your journey to find fallen stars through the seven realms would begin immediately.

Mario Kart fans rejoice – Mario Kart tour is now also available for phones

Remember the joy you felt by throwing a blue shell at your friends? Ever wished this Nintendo classic should have been available on your phones as well?

At last, your wishes have come true, and the best part is, this game is free, with in-app purchases also available, of course.

After you clear the first level on your own, the multiplayer option pops up. You have to simply enter your friend’s ID and well, stay home and destroy your friends in a race by throwing useless power-ups in their faces!

Also Read: 5 Fun Movies To Watch With The Family On Netflix

Play Classic Uno remotely with your friends

Although there are many variants for this app available on both play stores, there is also a way to play the classic version of the game.

Invite your friends to a frustrating but friendly match of cards. The invites can be sent over messaging apps as well, and you get the ability to communicate with your friends in-game while you get to stay safe in your home, at the same time!

Are you more into role-playing games? Try AdventureQuest 3D

This is a fantasy MMORPG or a massively multiplayer online role-playing game. Play games with a lot of people during your self-imposed, home quarantine period, rather than just a few of your friends.

With AdventureQuest, you get to customize your character, go on a variety of quests, and the game developers are continually trying to improve on it to give you the best possible experience.

This game is also available for PC players and is just a delighting experience overall.

While at first, you might feel that most of the online multiplayer games available online are competitive, and are unsuitable for friendly interaction, the truth is entirely the opposite of this assumption.

Some of these options give you the ability to solve problems with your friends, which will, in turn, strengthen your bond with them. Staying alone at times like these is not good for anyone’s psyche, and you should reach out to your friends during the coronavirus lockdown to alleviate some stress.

About Mahindra Holidays

Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading player in the leisure hospitality industry, offers quality family holidays as also stated by Club Mahindra Resort Reviews, primarily through vacation ownership memberships. While Club Mahindra Membership Fees gives you opportunity to explore your holidays across world, the other brands offered by the company are – Club Mahindra Resorts Fundays and Svaastha Spa. As on Mar 31, 2019, MHRIL has 61+ resorts across India and abroad and its subsidiary, Holiday Club Resorts Oy, Finland, a leading vacation ownership company in Europe has 33 resorts across Finland, Sweden and Spain. Visit us at www.clubmahindra.com

Smoother, Firmer Skin with Enzymatic Resurfacing

Every person dreams of having unlined, radiant skin that looks young and fresh for years. But how many of us actually have the kind of skin we have always dreamed of? Try as you might, you are unable to get the skin you want – you develop acne scars, fine lines and wrinkles, there are bumps and dimples on the skin due to underlying cellulite, and so on.

There is always a solution – it’s called enzymatic resurfacing

You’ve tried everything for your acne scars, uneven skin tone and sagging skin. Expensive serums, lengthy facial massages, even pills to keep your skin supple and healthy – but most treatments only work for a short term. Most treatments that seem to work wonders for others don’t work for you at all! This is because every person’s skin composition and texture are different, so what works for one person may not work for another.

There are other factors like aging, textural changes, cell reactivity to nutrition and environmental factors, pollution, humidity levels, etc. that come into play. You may have noticed that your skin reacts differently to different weather conditions – it is oilier in high humidity, and drier in the cold winter months. If you have never experienced acne breakouts before, you may be suffering from the same in the humidity and heat in Dubai.

One treatment cannot work for all skin types and problems. If you are looking for smooth, unlined skin, stop looking for OTC creams and serums, or trying to copy a home remedy that works for a friend or family member. If you have moved to Dubai recently and your skin is reacting adversely to the heat and other climatic conditions in the city, then it is time to get a professional opinion about enzymatic resurfacing in Dubai.

Enzymatic resurfacing: What it is, how it works

Increasingly, scores of people are trying enzymatic resurfacing to battle a variety of skin issues. These issues range from acne scars to dimpled skin due to excess cellulite.

The procedure uses enzymes most suited to your skin type. The enzymes are injected into the skin – the depth and amount of serum to be injected depends on the nature and extent of the problem – and the active ingredients get to work.
A local anaesthetic is first injected in the area to be treated, followed by the enzymes injection.
The procedure uses three different kinds of serums. The type and proportion of the serums to be used are determined by the nature of the problem, the type of skin, your age, depth at which the skin concern is to be addressed, etc. They may be used in combination or individually, as determined by the dermatologist.
The active ingredients or enzymes in the serums react with the affected area and act as required. After the procedure is completed, you will notice firmer, even skin with reduced scars, no dimpling due to excess cellulite, brighter and more luminous skin tone, etc.
Overall, enzymatic resurfacing works to remove scars from atrophic and fibrotic acne, cellulite dimpling, keloids or scars on the skin, localised fat causing uneven skin tone, double chin, etc.
You will feel some redness and soreness in the skin post-procedure, but these side effects should subside in about 72 hours. However, you might need multiple sessions to see the complete desired effects, with up to 5 treatments spaced between two to four weeks.
Leading skin and beauty care clinics in Dubai use the enzymatic resurfacing treatment in combination with other treatments for a holistic cure of the skin’s issues.

Do you need it: Get an informed opinion If you are tired of going through endless treatments that promise the moon but offer scarce tangible results, you should opt for the enzymatic resurfacing treatment. However, do consult with a reputed doctor and/or skin care clinic in the city to ask your questions about the procedure. It helps to give the doctor your complete health profile, any medication you are currently taking, your age and lifestyle factors, etc. This helps the doctor get a sense of how to tailor the procedure for you, or whether another procedure might be more effective.

Experience a Comfortable Ride: Hire a Tempo Traveller

Delhi, the National Capital Territory of India, witnesses a lot of visitors and tourists from all around the world. And a comfy ride to visit all the magnificent marvels across Delhi would be a desirable experience.

A spacious and comfortable tempo traveler for a small group of people is the best option to travel in.

And of course, hiring a tempo traveler in Delhi is also going to suit one’s short personal/ professional visits in or around the city.

Why Tempo Traveller

Tempo travelers on rent in Delhi are ideal for a small group of people. It can accommodate nine to seventeen people.

These are provided with comfy and spacious pushable seats.
You have ample space to accommodate your luggage.
Based on your requirements, you could opt for any of the AC or non AC versions of the traveler.
Tempo travelers are an inexpensive alternative to cabs/taxis while providing additional comfort during the journey.
These also come handy with charging plugs, LCD and music system, additional storage space, etc.
Apart from that, you could also ask your operator for more amenities like water bottles and blankets to be included with the package.

Tempo traveler in New Delhi

There are a lot of tempo traveler service providers in New Delhi. And why not! After all, you are in a metropolitan area of the country.

Some of the best-reviewed operators in New Delhi are Arora travels, Hira taxi and tourist service Pvt Ltd, Enjoy travels, cozy travels. And if you want to compare these operators on a single platform, then you may like to book a traveler through redbus.com

Check out their website for the necessary information and customer reviews. That will be of great help to you in choosing a desirable tempo traveler for your journey.

While booking, you are required to give your contact information like mobile number and email id. Further queries and communication are carried out through this information.

Rental Price of Tempo Traveller

Tempo travelers are a budget-friendly option and do not cost much.

The rate could vary somewhere from Rs 12 per km to Rs 20 per km. It may or may not include the fuel price and toll taxes. But it could always be confirmed with the operator.

It depends on the seating capacity of the vehicle, tour plan, variant of tempo traveler, and obviously on the service provider.

Given the comfort of the journey, the prices are quite reasonable.

Your journey in Delhi and nearby places from Delhi is going to be comfortable with a tempo traveler. It is also going to be more enjoyable and easier on your budget.

Just hire a tempo traveler from best-rated operators in New Delhi through the redBus app or website and enjoy your travel.

FAQ

What are the charges of hiring a tempo traveler?

The rental rates vary depending upon the tour and the tempo traveler variant. It may cost you anywhere between Rs. 12/km to Rs 20/km. It also depends on whether your trip is within the city or outstation.

What is the seating capacity of a tempo traveler?

A tempo traveler could accommodate anywhere between 9 to 17 people. Mention your requirements beforehand and book a suitable vehicle.

Can I hire a tempo traveler for long outstation trips as well?

Yes. A tempo traveler is perfectly fine for both short and long-distance trips.

Best Places To Visit In Uttarakhand – A Nature Lover’s Paradise- Kunal

Also known as the Devbhoomi, Uttarakhand is magnificent with its lofty mountains, eye-catching green meadows, waterfalls, and lush green cover. The beauty of the state leaves everyone with amazement, and the high mountains give a spectacular view to the visitors. One can seek the blessings of the almighty here and can also enjoy adventure sports like trekking, rafting, rappelling, and mountain climbing. It is the favorite destination for fun-seekers and nature lovers. The splendidplaces to visit in Uttarakhand attract thousands of travelers throughout the year.

How to reach Uttarakhand

The state is well connected by air and road networks, and the major airports of the state are Pantnagar Airport, situated in the Pantnagar in Kumaon Region, Jolly Grant situated in Dehradun and Naini Saini Airport in the Pithoragarh Pith. Jolly Grant is the most well-connected of the three airports in Uttarakhand. You can also plan to visit the state via road as the extensive network connects to the major cities.

Best time to visit Uttarakhand

The beautiful state can be visited at any time of the year as the weather is pleasant here. The summers are flocked with travelers from the north zone to save themselves from the scorching heat. Winter makes the place heaven as the state receives high snowfall making it look like a queen dressed in white. Adventure enthusiasts visit the place throughout the year for sports activities.

Best things to do in Uttarakhand

There are plenty of places to visit in Uttarakhand, which offer thrill, fun, peace, and serenity to the visitors. Some of the best places in Uttarakhand are Rishikesh, Dehradun, Haridwar, Shivpuri, Trevenui Ghar, Laxman Jhula, Jim Corbett National Park, and many more. The places offer varied fun-filling activities which are loved by travelers. You can enjoy bungee jumping, fox flying, river rafting in the Ganga, and the giant swing in Rishikesh. You can take a bicycle tour of the city, enjoy camping on the banks of the River Ganga, play volleyball at the riverside, feel the spiritual vibe of the place, trek to Nag Tibba and enjoy the spectacular view of nature. There is no doubt that you can find hundreds of activities to enjoy and make memories with your loved ones. There are some local places as well which one can visit with the help of the Uttarakhand travel guide.

Uttarakhand resorts and restaurants

To enjoy the luxury and feel the exotic vibe of the mountains, you can plan your stay in Uttarakhand resorts, which are nestled in the hills and offer astonishing views from the windows. The food served by the resorts and the restaurants in Uttarakhandis known for its aroma and exotic spices. The locals of the state offer a variety of vegetarian and non-vegetarian dishes to the travelers. The famous food items of the state are kafuli, bhang ki chatni, baddi, and more. There is no doubt that Uttarakhand tourism is a package of fun, frolic, adventure, and spiritual awakening for the tourists.

Top 10 things to watch out while investing in debt mutual funds

Investing in debt mutual funds Indiais not a one size fits all proposition. You need to do careful research about this category of mutual funds and invest accordingly. As the name says, these mutual funds primarily invest in securities with fixed income such as treasury bills or bonds. Other variants include liquid funds, monthly income plans, gilt funds, short term plans and fixed maturity plans.

10 things to keep in mind for debt mutual funds India investments

Perspective Matters- Do not think of these mutual funds as financial products for generating wealth in the long run. Do not expect or attempt to earn stupendous returns since these are only meant to provide returns slightly higher than those garnered by bank deposits, subject to market fluctuations.
Putting all eggs in one basket- You should always take debt mutual funds India as diversification options and alternatives for your existing investments in fixed income or debt.
These are not bank FDs- Many people make the mistake of perceiving these mutual funds in the same manner as they do for fixed deposits (FDs) at banks. Fixed maturity plans do not function like FDs; rather, the returns are never guaranteed including in the case of fixed maturity plans.
Market Risks- There are market fluctuations and risks to be factored in, i.e. changes in the net asset values (NAV) owing to bond price fluctuations and so on.
Specific Types of Risks- There are credit risks dealing with a drop in NAV owing to lower credit ratings for companies, leading to falling bond prices and greater bond yields. There are default risks leading to a drop in NAV owing to defaults in principal and interest payments by companies. Additionally, there are liquidity risks dealing with fund inabilities to sell off investments and meet the investor redemptions in poor market scenarios.
Holding Periods- Make sure to note that debt mutual funds may need holding periods which are longer. This is because they may require more time to withstand any market cycle while profiting from long-term capital gains taxation that comes into play post a 3 year holding period.
Classification- Debt funds are usually classified as short-term, liquid and money market, credit risk and long term or dynamic funds.
Bond Exposure- Keep an eye on whether your fund has higher exposure to low-rated market bonds. This means checking the credit rating or capacity of debt repayment of the borrower. Low-rated bonds have higher returns although there are higher default risks in store.
Single Issuer Exposure- Debt mutual funds Indiamay help you diversify better by spreading out investments across numerous companies. Overall fund impact will be limited even in case of defaults for one or even two issuers.
Concentrated Exposure- You should know that funds do not have permission to hold in excess of 10% of net assets in a single issuer via securities. Funds investing more than 7% should ring a bell in your mind if it is concentrated in a single issuer.

Health Insurance India- Why A Separate Critical Illness Plan Is The Need Of The Day

Kidney disease, cancer, heart disease, organ transplants, etc. are termed as critical illnesses. Such conditions are often terminal and can have a devastating effect on a family. The cost of treating such diseases is often prohibitive. Serious critical illnesses can deplete your life’s savings. One could also lose income following a deteriorating health condition. To mitigate the situation, one should consider a critical illness plan. Using this plan, the policyholder will receive a lump sum amount when a pre-listed critical illness is diagnosed.

Confused about why you need a separate critical illness plan when you already have a health insurance plan?

The treatment for critical illnesses is quite expensive. Critical illnesses are a significant reason for morbidity and need intensive treatment and care. For example, if you are diagnosed with cancer, you can anticipate your medical expenditure to go up as high as 20-30 lakhs INR. Given the debilitating nature of the disease, you might not be medically fit to continue working. This will result in a significant loss of income. Now, if you have only a health insurance plan or a Mediclaim in India, you are entitled to only the medical expenses stipulated in your policy’s terms and conditions. You will get this amount only after you submit all your medical bills. The process can be tedious and time-consuming.

But if you have a critical illness plan, you are entitled to a lump sum amount right on the diagnosis of the disease. And so, if you are covered for 30 lakhs INR under the critical illness plan, you would receive this entire amount on diagnosis of the disease. With this amount, you will not be able just to pay all the medical expenses, but this amount will also compensate for your income loss. In a way, a critical illness plan compliments an existing Mediclaim, ensuring complete protection.

Why should you choose a multi claim option instead of a single critical illness claim?

Critical illnesses often affect more than one organ or body part. Either that or the illness can resurrect after recovery. If you have a critical illness claim, you would be reimbursed for the lump sum amount you are covered for, after which the policy is terminated. In case your disease revives, you are no longer protected. Usually, the critical illness cover is not too expensive.

So, it is wise to add a small amount to your critical illness claim and convert it into a multi claim policy. In this case, if any diseases reoccur after recovery, you can claim reimbursement three times. The policy will not be terminated after its first use. You can even use the policy if you happen to get inflicted by another critical illness.

Medical research suggests that the situation of critical illnesses in India is concerning. Cases of cardiac illnesses are on the rise. Proper and timely treatment is the obvious solution. But the treatment of critical illnesses is a substantial financial burden. Naturally, having only health insurance is not sufficient. To ensure complete protection, you must invest in a proper critical illness policy. Better yet, convert your critical illnesses policy into a multi claim policy to secure your future.