Money tasks after death in family: How to close accounts, transfer investments, make claims and more

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Money tasks after death in family: How to close accounts, transfer investments, make claims and more Sort the paperwork and complete financial tasks without leaving any loose ends after the death of a family member. ET Wealth tells you about the documents needed to close accounts, transfer investments and make claims and the processes to complete these tasks. Money tasks after death in family: How to get these three crucial financial documents There is a difference between a legal heir certificate and succession certificate though both are often mistaken to serve the same purpose. Secure the death certificate, or legal heir and succession certificates for a smooth transition in claiming and transferring assets. ET Wealth Wisdom Ep 92: This festive season, should you take the gold ETF route to invest in gold? In this podcast, Chitan Haria of ICICI Prudential Asset Management talks about why gold is giving better returns as compared to shares and debt in 2020, why people are taking the ETF route and what are the risks involved in investing in ETFs. Host: Tania Jaleel; Producer: Paramveer Singh Money tasks after death in family: How legal heirs can claim movable assets Moveable property includes bank deposits, stocks and securities, mutual funds, post office schemes, provident fund, gold, insurance maturity benefits etc. Here's how legal claimants can get access to movable assets of the deceased. From our Partners How this B-School dealt with placements in pandemic Technology always needs to be supported with knowledge and vice-versa From our Partners Brand Discovery through Social for Festive Campaigns Let's talk digital: Win the festive season by driving brand discovery through Facebook and Instagram To avoid getting stuck in a real estate trap, younger generation should follow these 3 home buying rules Buy just one house in which you will live, and which will save you rent. Do not even think of buying more just for investment. No matter how much you'd love a fancy house and how great the hype, the EMI should not be more than one third of your family income. Health insurer not paying you? Here are 6 reasons why your insurance claim is not being admitted Insurers may only settle claims based on predefined rates recommended by the General Insurance Council, resulting in significant cuts in the claim amount. ET Wealth explores the reasons why your claim is not being admitted or you are bearing a large chunk of the medical bill. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.87 4.02 19.63 5.84 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 9.88 9.95 24.51 5.57 Invest Now Axis Bluechip Fund-Growth ★★★★★ 9.46 2.79 18.88 5.77 Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 8.50 8.42 23.53 5.44 ICICI Prudential Sensex Index Fund Direct - Growth ★★★★★ 7.50 4.19 28.84 7.47 Invest Now This is the best time to get an MBA degree: Here's how to guarantee selection in a B-school A two-year MBA from a great brand brings you back with greater value into a changed market. A good first job then increases your wealth manifold through compounding effects on your salary each year. Wait and watch: Why you should avoid investing in ETF NFOs A number of issues can dog investors. Since there are several illiquid ETFs on the Indian exchanges, it is better to avoid all ETF NFOs for the moment and get in later, that too after making sure that there is enough liquidity.

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Financial Calculators Old or new tax slab regime? Use this calculator to find out This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds.

Money tasks after death in family: What happens to life, health, motor insurance policies after death of policyholder Life, health and vehicle insurance each come with their own set of rules for how the insurance cover will be dealt with after the death of a policyholder. Find out who gets the benefits and if the policy expires in each case. If you want to learn how to manage money, begin with your bank account: Here's why Your bank account is your core financial record. Take the time to understand and operate your account. Do not be the person who hands over the debit card PIN and Internet passwords to others, or be the gullible signatory of blank cheques. Attractive valuation and other reasons why Federal Bank is stock pick of the week Federal Bank's gross NPA fell to 2.84% from 2.96% q-o-q and its net NPA improved to 0.99% from 1.22% q-o-q. Attractive valuations especially among the mid-cap banks is the other reason that has made it a favourite of analysts. UTI Equity mutual fund review: A solid pick in multi-cap space The portfolio is well diversified, but retains healthy positions in top bets. The fund enjoys a track record of consistent outperformance over the years. After a brief blip in 2016 when value theme was in favour, the fund has regained momentum. With new fund manager proving execution capabilities, this fund has emerged a solid pick in its segment. How to open a Senior Citizens' Savings Scheme For senior citizen investors, safety and returns play an important role while choosing an investment vehicle. The Senior Citizens' Savings Scheme (SCSS) can be availed from a post office or a bank by anyone above 60, i.e., a senior citizen. How gold, silver performed during the week ending October 22, 2020 Here's a weekly tracker of returns to keep you updated on how the stock market index, gold prices and silver have performed. This will give investors an idea of how their investments performed over a long period. Realty hot spot series: Tech parks, malls, hospitals main draws of this popular Bengaluru locality Properties in Bannerghatta main road are priced between Rs 3,200 per sq ft and Rs 7,700 per sq ft. A 2-BHK (1150 sq ft) costs an average of Rs 58 lakh and a 3-BHK (2,660 sq ft) costs approximately Rs 1.71 crore. Active vs passive mutual fund schemes: What should you invest in? Fund selection is a very important aspect of active investing. Select your funds only after evaluating their performance history and portfolio strategy. You do not need to worry about markets or cycles for passive investing. Market gave 8-10% return over 4-5 yrs. Expect such return going forward: Chandresh Nigam, Axis MF After some initial worry, investors are coming back to investing in mutual funds like before. However, the steady redemptions remain a concern, Chandresh Nigam, MD and CEO, Axis Mutual Fund, tells ET Wealth. Here are other takes from the wealth expert. MF portfolio doctor: Why Agarwal needs to increase retirement corpus to achieve financial goals The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. What is the difference between a mutual fund scheme and Portfolio Management Service? Financial planners say that Portfolio Management Schemes (PMS) are ideal for large investments and also carry a higher degree of risk, whereas mutual funds are simpler investment tools. Investors should keep in mind these distinguishing points.

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