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Best Large & Midcap Funds



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A large and mid cap mutual fund is an open-ended equity scheme which invests at least 35% of its assets in large cap and 35% of its assets in mid cap stocks each. Since a large and mid cap fund invests in both large and mid cap stocks, it can give higher returns than purely large cap funds but potentially lower returns than pure mid cap, small cap or multicap funds.

Here are the top 5 large and mid cap funds for 2019.

Fund Name 1 Year Return 3 Year Return 5 Year Return
Invesco India Growth Opportunities Fund 15.81% 15.00% 12.86%
Sundaram Large and Mid Cap Fund 15.81% 15.00% 12.86%
Kotak Equity Opportunities Fund 16.04% 11.26% 11.70%
DSP Equity Opportunities Fund 15.76% 10.92% 11.94%
SBI Large & Mid Cap Fund 10.70% 9.92% 10.66%

(Data as on November 08, 2019; Source: Value Research)

1. Invesco India Growth Opportunities Fund

Returns 1-Year (%) 3-Year (%) 5-Year (%)
Invesco India Growth Opportunities Fund 15.81% 15.00% 12.86%
Benchmark 9.59% 10.97% 9.93%

(Data as on November 08, 2019; Source: Value Research)

Invesco India Growth Opportunities Fund is more than a decade old fund which was launched in August 2007. The scheme has registered an impressive performance over the recent years. The scheme has outperformed its benchmark during both the short and long term periods.

It is a relatively aggressive large and mid cap fund which has given a higher weightage to consumption-driven sectors than defensive sectors in its portfolio. It is an ideal scheme for investors seeking capital appreciation over long term undertaking moderately high risk.

2. Sundaram Large and Mid Cap Fund

Returns 1-Year (%) 3-Year (%) 5-Year (%)
Sundaram Large and Mid Cap Fund 15.81% 14.63% 12.78%
Benchmark 12.06% 12.35% 9.61%

(Data as on November 08, 2019; Source: Value Research)

Sundaram Large and Mid Cap Fund is a time-tested fund which has been present in the space since February 2007. The scheme has given returns better than its benchmark during the last 3 year as well as 5 year periods. It is a relatively aggressive scheme which holds more of sectors, like banking and finance, the growth of which is dependent on the economic growth of the country. It is the right scheme for investors who wish to earn potentially high returns for relatively high risk levels.

3. Kotak Equity Opportunities Fund

Returns 1-Year (%) 3-Year (%) 5-Year (%)
Kotak Equity Opportunities Fund 16.04% 11.26% 11.70%
Benchmark 12.33% 12.39% 9.48%

(Data as on November 08, 2019; Source: Value Research)

Kotak Equity Opportunities Fund is one of the oldest large and mid cap funds which made its debut in September 2004. The scheme has given good returns over the past and has even outperformed its benchmark during the previous 5 year period. It is a relatively aggressive scheme which has invested a majority of its assets in cyclical sectors compared with defensive sectors. It is a suitable scheme for appreciation of capital over the long term.

4. DSP Equity Opportunities Fund

Returns 1-Year (%) 3-Year (%) 5-Year (%)
DSP Equity Opportunities Fund 15.76% 10.92% 11.94%
Benchmark 12.06% 12.35% 9.61%

(Data as on November 08, 2019; Source: Value Research)

DSP Equity Opportunities Fund is a veteran large and mid cap fund which was launched in May 2000. The scheme has outperformed its benchmark during the last 5 year period by a margin of nearly 2%. It is an aggressive scheme which holds more of Finance and Energy sectors in its portfolio rather than defensive sectors like pharmaceuticals and fertilizers. The investors who are looking for a well-performing large and mid cap fund and have a relatively long time horizon must have DSP Equity Opportunities Fund in their portfolio.

5. SBI Large & MidCap Fund

Returns 1-Year (%) 3-Year (%) 5-Year (%)
SBI Large & MidCap Fund 10.70% 9.92% 10.66%
Benchmark 12.06% 12.35% 9.61%

(Data as on November 08, 2019; Source: Value Research)

SBI Large and Mid Cap Fund is one of the oldest large funds which joined the category in February 1993. The scheme has yielded an attractive return of 9.92% over the last 3 year period and almost mirrored its benchmark with return of 10.66% over the previous 5 year period. The scheme is more bullish on consumption-driven sectors than defensive sectors, the growth of which is not dependent on the nation’s economic growth. The scheme is one of the best large and mid cap funds for investors seeking a diversified scheme.

List of  Large & Midcap Funds in India

Fund Name AUM (Cr) 1-Year 3-Year 5-Year
Mirae Asset Emerging Bluechip Fund – Direct Plan 7,759 11.39% 11.76% 17.02%
DSP Equity Opportunities Fund – Direct Plan 5,166 8.42% 8.54% 12.10%
Aditya Birla Sun Life Equity Advantage Fund – Direct Plan 4,708 0.99% 3.66% 10.60%
Canara Robeco Emerging Equities – Direct Plan 4,669 4.00% 8.91% 14.24%
ICICI Prudential Large & Mid Cap Fund- Direct Plan 3,457 0.77% 6.09% 7.71%
IDFC Core Equity Fund – Direct Plan 2,678 1.36% 7.44% 10.44%
Nippon India Vision- Direct Plan 2,606 1.15% 3.44% 5.99%
SBI Large & Midcap Fund – Direct Plan 2,493 4.39% 6.79% 10.56%
Franklin India Equity Advantage Fund – Direct 2,467 0.08% 4.81% 8.11%
Kotak Equity Opportunities Fund – Direct Plan 2,488 8.42% 8.34% 11.84%
Principal Emerging Bluechip Fund – Direct Plan 2,057 2.28% 7.40% 13.46%
Invesco India Growth Opportunities Fund – Direct Plan 1,826 8.05% 12.04% 12.49%
Tata Large & Mid Cap Fund – Direct Plan 1,378 13.99% 8.33% 11.09%
L&T Large and Midcap Fund – Direct Plan 1,274 0.42% 6.30% 8.62%
HDFC Growth Opportunities Fund – Direct Plan 1,231 1.56% 5.75% 5.25%
UTI Core Equity Fund – Direct Plan 833 -2.40% 3.30% 6.21%
Axis Growth Opportunities Fund – Direct Plan 792
Sundaram Large and Mid Cap Fund – Direct Plan 721 9.99% 12.30% 12.56%
HSBC Large and Mid Cap Equity Fund – Direct Plan 609
LIC MF Large & Mid Cap Fund – Direct Plan 509 11.27% 10.02%
Edelweiss Large and Mid Cap Fund – Direct Plan 429 7.24% 9.05% 10.42%
BOI AXA Large & Mid Cap Equity Fund – Direct Plan 153 5.04% 4.89% 6.48%
Essel Large & Midcap Fund – Direct Plan 100 12.54% 8.74%
Quant Large and Mid Cap Fund – Direct Plan 4 -0.62% 5.01% 13.02%

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Coronavirus Bill Expands Sick Leave, FMLA. Here’s How to Claim It



One of the most important things we can all do to slow the spread of the coronavirus, the government tells us, is stay home, especially if we’re sick.

Employers have probably been telling you the same about any illness for years. But many workplaces haven’t backed up that advice with the one thing that would make it easy to stay home when you’re sick: paid time off from work.

The coronavirus pandemic has made this conundrum glaring, and the U.S. government has stepped in to address it while we face this crisis.

Here’s all of our coverage of the coronavirus outbreak, which we will be updating every day.

The Families First Coronavirus Response Act (FFCRA), one prong of the federal government’s response to COVID-19, went into effect on April 1, expanding access to paid sick leave and paid family medical leave (FMLA) for U.S. workers through Dec. 31, 2020.

The legislation provides tax credits and requirements for employers to provide paid leave to workers affected by COVID-19. It has some exceptions, but in general, if you’re unable to work for coronavirus-related reasons this year, you are likely guaranteed some paid time off.

How to Qualify for Paid Leave Related to the Coronavirus

Whether you’re entitled to paid sick leave or expanded FMLA — and how much — under the new rules depends on who you work for and why you’re unable to work.

Which Companies Will Provide Paid Leave?

The new law requires private-sector employers with fewer than 500 employees to provide paid leave to eligible workers. All workers are entitled to paid sick leave; to be eligible for expanded FMLA, you have to have worked for the company for at least 30 days.

Private businesses with fewer than 50 employees are exempt from paying for leave related to child care if they can prove it would put them out of business, according to the U.S. Chamber of Commerce. This should be tough to prove, though, because the IRS is providing a dollar-for-dollar refund in the form of a quarterly tax credit, and letting businesses apply to receive the credit in advance, to cover the cost of leave.

Health care and emergency organizations can exclude employees from FMLA expansion due to the crisis response.

Public-sector employers subject to the Fair Labor Standards Act, regardless of number of employees, are subject to the new requirements. Most federal employees are already covered by the existing Family Medical Leave Act, so they aren’t covered by expanded FMLA under the new law — but are covered for paid sick leave.

Pro Tip

Read what the IRS says about how self-employed workers can access the new leave benefits.

If you’re self-employed, including freelancers and gig workers, you can claim a tax credit for the same benefits. To benefit from the credit before you file your 2020 tax return next year, subtract the credit from your estimated quarterly income tax payments this year.

What Qualifies as Coronavirus-Related Leave?

The reasons to qualify for paid leave under the new law are pretty broad. You have to be unable to work — including remote work — because of COVID-19, which includes:

  • Quarantine and isolation orders: You’re subject to an order from your federal, state or local government requiring or urging you to stay home or self-isolate to prevent the spread of COVID-19. This could apply if your state is under a stay-at-home order, your place of work isn’t deemed essential and you can’t work from home; or if you travel into a state or city that requires a 14-day quarantine and can’t work while quarantined, for example.
  • Health care advisory: A health care provider has advised you to self-quarantine due to COVID-19.
  • COVID-19 symptoms: You’re experiencing symptoms, which the CDC lists as fever, cough, shortness of breath or all three, and seeking a medical diagnosis.
  • Caring for someone: You’re caring for someone who is subject to a quarantine or isolation order from the government or advisory from a health care provider.
  • Your kids are out of school or daycare: You’re caring for your children whose school or childcare is closed or unavailable. This doesn’t apply if you’re caring for anyone else’s children.
  • Similar conditions: You’re experiencing what the U.S. Department of Labor calls “any other substantially similar condition specified by the U.S. Department of Health and Human Services.”

Having no work available from your employer for an eligible reason counts as being unable to work.

Here’s What You’re Entitled to Under FFCRA

If you’re eligible for expanded paid leave, you can receive up to 12 weeks’ paid leave total. The amount of pay depends on what you earn when you’re working and the reason you take leave.

2 Weeks’ Paid Sick Leave

For paid sick leave, you can get two weeks — 80 hours for full-time employees or your average hours for part-timers — at these rates:

  • 100% pay, up to $511 daily, if you’re out for quarantine, isolation or COVID-19 symptoms.
  • Two-thirds pay, up to $200 daily, if you’re out to care for a child or someone who is quarantined or experiencing symptoms.

10 Weeks’ Paid Family Medical Leave

If you’re caring for your kids who are out of school or child care because of the coronavirus crisis, you can receive 10 additional weeks under expanded FMLA, paid at two-thirds your normal wages.

How to Claim Paid Sick Leave for Coronavirus

You won’t have to deal with a government office to claim paid sick leave.

Instead, your employer will handle the leave under normal payroll. If you haven’t gotten clear direction from someone at your company about how to request paid time off for coronavirus-related reasons, reach out to your manager or someone in HR for details.

Be prepared for some disorganization, though, as companies work to understand the requirements and quickly incorporate new benefits into their systems.

If you experience delays or outright refusal of benefits you’re entitled to, contact your local DOL Wage and Hour Division, the agency responsible for enforcing the new requirements. Someone there should be able to offer guidance on your entitlements and a course of action.

What If Your Employer Is Exempt?

The 500-employee cap on the paid leave requirement was a compromise among legislators when the House of Representatives was drafting the bill, CNN reported at the time

The good news is 89% of employees who work for an exempt employer already have access to some paid sick leave, according to CNN. The bad news is 6.7 million workers make up the 11% who did not.

Companies Offering Coronavirus Paid Leave

To narrow the gap, some large companies have created or amended sick leave policies to grant paid leave to hundreds of thousands more hourly workers. They include Amazon, Apple, Bloomin’ Brands (Outback Steakhouse), Darden Restaurants (Olive Garden), McDonald’s, Starbucks, Target, and Walmart and Sam’s Club.

State-Level Requirements

New York state enacted its own legislation last month requiring all employers in the state to provide paid sick leave of five or 14 days, depending on the size and revenue of the employer.

Aside from special coronavirus-related provisions, 12 states and Washington, D.C., require employers to offer paid sick leave. None of these states exempts large companies from the requirement, so you could be eligible at least for the amount of paid leave your state mandates.

California, New Jersey, New York, Rhode Island and Washington provide for paid family medical leave, and Washington, D.C., enacted a measure a couple years ago set to take effect on July 1.

If You Can’t Get Paid Sick Leave

If you’re not eligible for paid time off and are unable to work, consider filing for unemployment benefits. Under recent legislation, you might be eligible if you quit your job for coronavirus-related reasons, including contracting the virus or caring for someone who is sick.

Under the regular Family Medical Leave Act, your job should be secure if you have to take time off to care for a family member or your own health condition, even though you aren’t paid while out from work. FMLA requires private employers with 50 or more employees to provide up to 12 weeks’ unpaid leave.

A Modest Needs Self-Sufficiency grant might be available to help you cover living expenses if you’re tight on cash. To get groceries, you can find a local food bank through Feeding America’s nationwide network.

If you’re well and have the time, you could always try to make some money online while you’re home on sick leave.

Dana Sitar (@danasitar) has been writing and editing since 2011, covering personal finance, careers and digital media.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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My Unconventional Best Work-From-Home Gear Guide (What’s Yours?)



I’m quite familiar with working from home in my tiny 78 sq. ft. “office”, but after looking at some online WFH gear guides recently, it’s all about standing desks, latest laptop models, and USB hubs. Eh? My desk is a basic folding table and my laptop is a 2015 Macbook Pro (with real scissor keyboard and real moving trackpad) that recently underwent DIY battery replacement surgery (way too complicated, Apple!).

My favorite WFH gear is different. Maybe yours is too? These are real things that I bought with my own money and I would buy them again if I had to do it all over again.

Quiet, Please! – 3M PELTOR X5A Over-the-Head Ear Muffs

I wear these every day to help me focus. They have the highest noise reduction rating (31 dB) available on the market. You even have to certify that you are using them for “professional/commercial use” (which I am while working for money, as far as I am concerned). At ~$30, they are also about $10 more expensive than other similar models, but I think the extra $10 is well spent to know you have the quietest experience possible. If you have kids running around the house, you need all the help you can get. They are “over ear”, which means they don’t put pressure on your ears and I can wear them for a relatively long time without discomfort. (I try to take regular breaks anyway.)

Budget Noise-canceling Headphones – Mpow H5 Active Noise Cancelling Headphones

After a certain member of the house (ahem) stole my trusty old pair of wired Bose QC25 headphones, I decided to try out a budget pair of $50 bluetooth noise-cancelling headphones. These over-hear headphones worked out quite well and I really don’t miss the old Bose ones. I’d say they are 80% as good while under 20% the price of new Bose QC35 headphones.

Note: I do own a pair of regular Airpods, which I got as a nice gift. I do like them and use them for phone calls around the house and outside, but I use the Mpow headphones while at my desk listening to music or editing things.

Dependable Printer – Brother Monochrome Laser Printer

This thing is the workhorse of my home office, and yet also the oldest electronic item here at over 10 years old. Which is rather crazy, given that it has moving parts and daily to scan PDFs, make copies, and of course print. These Brother black-and-white laser printers are like the Toyota Corollas of the printer world – cheap yet reliable. The cost per page can be very low thanks to generic toner cartridges (that link is for two of them) if you don’t mind a slight decrease in quality.

Dry Erase Whiteboard – Magnetic Dry Erase Whiteboard

Another inexpensive but important addition for a variety of reasons. Sometimes something physical is just better than the digital alternative. This one is lightweight and thus easy to remove from the wall and move it around. You can also put up complex equations or obscure drawings and put it behind you during those Zoom and Webex meetings and impress/confuse/scare your colleagues. I like these BIC markers as they are higher quality and have finer points.

Looking around my desk, other random things that I probably like more than I should are my TI-85 calculator, classroom-grade pencil sharpener, and an ancient Swingline stapler (sadly not the red 747). The only thing that I have been thinking about upgrading is my office chair. Any suggestions?

“The editorial content here is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone. This email may contain links through which we are compensated when you click on or are approved for offers.”

My Unconventional Best Work-From-Home Gear Guide (What’s Yours?) from My Money Blog.

Copyright © 2019 All Rights Reserved. Do not re-syndicate without permission.

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Best NRE FD Rates 2020 : All You Need To Know



Non-Resident External or NRE Account can be a Savings, Recurring or Fixed Deposit Account where NRIs can deposit their foreign currencies which gets remitted to an Indian Account. An NRE account is held in Indian Rupees and is completely tax-free. In this article, we will discuss how you can select the best NRE FD and give you the best NRE FD rates in different banks in India.

NRIs cannot open a regular account that is designed for Indian Residents as per the guidelines by Foreign Exchange Management Act (FEMA) and this can attract huge penalties if breached. Also, no interest is earned if the account is closed within a year.

Benefits of an NRE FD Account

An NRE FD Account holder has the following benefits –

  • Both principal and interest earned are tax-free in India
  • Principal and interest earned are freely repatriable to account holder’s country of residence
  • High-Interest Rate
  • Can be opened jointly with other Non-Resident Indian(s)
  • Offers flexible tenures that may range from 1 year to 10 years

Best NRE FD Rates

Below is a table that compares NRE Account FD Rates across all the banks along with the tenures mentioned.

Name of the Bank Tenure
1 year 2 years 3 years 5 years
SBI 5.70% 5.70% 5.70% 5.70%
HDFC BANK 6.15% 6.15% 6.25% 6.15%
ICICI BANK 5.80% 5.80% 6.00% 6.00%
PNB 5.80% 5.80% 5.80% 5.80%
AXIS BANK 6.55% 6.65% 6.50% 6.50%
CANARA BANK 5.85% 5.85% 5.80% 5.80%
KOTAK MAHINDRA BANK 5.90% 5.90% 5.90% 5.50%
BANK OF BARODA 5.90% 5.90% 5.90% 6.15%
BANK OF INDIA 6.30% 6.25% 6.25% 6.25%
IDBI BANK 5.95% 5.85% 5.90% 6.10%
UNION BANK OF INDIA 6.75% 6.40% 6.40% 6.45%
FEDERAL BANK 6.15% 6.15% 6.25% 6.25%
INDUSIND BANK 6.65% 6.75% 6.75% 6.65%
YES BANK 7.25% 7.25% 7.25% 7.25%
CENTRAL BANK OF INDIA 5.70% 5.70% 5.70% 5.70%
INDIAN BANK 5.90% 5.80% 5.80% 5.80%
HSBC BANK 4.50% 5.00% 5.25% NA
CITIBANK 4.25% 4.25% 4.25% 4.50%
INDIAN OVERSEAS BANK 6.25% 6.30% 6.20% 6.20%
PUNJAB AND SIND BANK 5.85% 5.85% 5.85% 5.85%
UCO BANK 6.10% 6.10% 6.10% 6.05%
UNITED BANK OF INDIA 6.50% 6.25% 6.25% 6.00%
ORIENTAL BANK OF COMMERCE 6.25% 6.25% 6.25% 6.25%
DBS BANK 5.75% 5.75% 5.75% 5.75%

* IndusInd Bank provides this interest rate for 61 months and above. 

Small Finance Bank FD Rates

Our government has licensed some companies to operate as financial institutions, small finance banks for example. Though not a scheduled commercial bank, these institutes are very niche in operations Fixed deposit is one of the services offered by Small Finance Banks. Down below are some small finance banks that provide the best interest rates for an NRE FD Account.

Small Finance Bank Tenure/ FD Interest Rates
1 year 2 years 3 years 5 years
AU Small Finance Bank 7.00% 7.50% 7.77% 7.50%
ESAF Small Finance Bank 8.00% 7.75% 7.30% 7.30%
Equitas Small Finance Bank Limited 7.75% 7.45% 7.55% 6.75%
Suryodaya Small Finance Bank 8.00% 8.00% 8.25% 9.00%


We see that it is very tough to choose from, especially when each is better on its own. But there are certain factors you must keep in mind while going forward such as interest rate and a trustworthy long-term relationship with the bank. Also, you must check if the account can be operated from the country you live in right now. Some major banks have branches in countries like the USA, UK, and the Middle East.

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