To claim, check portals like UDGAM for bank deposits and IEPF for shares/dividends. Required documents include folio/policy numbers and KYC. Process varies, but KYC authentication is crucial.
Vijai Mantri says: “People do not understand the difference between coupon rate and compound rate. So I will just take a very simple illustration. I was part of the HDFC Mutual Fund team when we launched HDFC liquid fund in October 2020. In October 2000, that fund completed 23 years. In a 23-year period the fund generated 6.9% CAGR. If I convert them into simple rates of interest, it is close to 15% per annum.”
AMFI data suggests that of the total mutual fund assets held by individual investors in equity-oriented schemes, on average, 48 percent is redeemed within two years. This appears to run contrary to the narrative of increased SIP inflows.
RBI MPC meet has kept the repo rate unchanged for now but with inflation still on a close watch, experts say there isn’t a clear signal that interest rates will start to fall anytime soon