FinVise India

  There are 4 routes that investors can use to update mutual fund nomination online: Using MFCENTRAL (https://www.mfcentral.com/) The steps to be followed for nomination updates on this portal are: Sign up with PAN and mobile number or email ID Sign in with PAN and OTP Go to ‘service requests’ section Select ‘update nominee details’ Once you see ‘folio-wise’ nominee details, you can update the same The portal allows updates only for folios that are singly-held and one cannot make changes for jointly-held folios You can also select ‘I do not wish to nominate’ if you wish to opt-out of nomination Using CAMS (https://www.camsonline.com/) The steps to be followed for nomination updates on this portal are: Select nomination Opt-in or Opt-out  Enter your PAN to get OTP on registered email id or phone number Select all fund houses across CAMS and mode of Mutual fund holding Select register or update nominee Opt-in or Opt-out Add relevant det...

The majority of Indian retail investors lose money in the equity markets for a variety of reasons. Here are a few such justifications: Lack of Knowledge and Experience: Many retail investors lack the knowledge and expertise needed to make wise stock market investment selections. Without having a thorough understanding of the underlying fundamentals of the firm or the industry, they frequently invest in stocks solely on hearsay or market rumours. Herd Mentality: Individual investors have a propensity to invest in stocks that are well-liked or that are highly recommended by others. This herd mentality may cause investors to purchase stocks at inflated prices and then sell them at depressed prices, incurring losses. Emotional investing: Many retail investors develop emotional attachments to their investments, which can impair judgement and result in subpar investment choices. They could sell winning stocks too soon out of concern that they might lose their gains, or they c...

  In India, the credit score ranges from 300 to 900, with a score of 750 or above generally considered to be a good credit score. This is because a higher credit score indicates to lenders that you are a low-risk borrower who is more likely to repay any debts on time. However, different lenders may have their own credit score requirements, so it's always a good idea to check with your lender directly to understand what they consider to be a good credit score for their specific loan or credit product. Credit scores are calculated by credit bureaus like CIBIL, Experian, Equifax, and CRIF High Mark, based on your credit history and other factors such as repayment behavior, credit utilization, length of credit history, and types of credit accounts. A credit score of 750 or above is generally considered to be good, while a score below 600 is considered to be poor. If your credit score falls in the range of 600-750, you may still be able to get credit, but you may be offered higher inter...