Mutual Fund Helpline on Zee Business by Abhinav Angirish, Founder of Inv...


Mutual Fund Helpline on Zee Business by Abhinav Angirish, Founder of InvestOnline.in
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COVID-19 pandemic: How to manage health insurance and emergency funds?

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The COVID-19 pandemic has taught individuals the need for health insurance as well as emergency funds. There have been several cases wherein people have faced problems due to the absence of these important personal finance assets. According to Abhinav Angirish, founder, Investonline.in, health insurance, just a year ago, was looked upon as an unnecessary expense. Though, today the situation is different. "But having health insurance is not adequate," he stresses. In this pandemic, health insurance has some exclusions. For instance, nebulizer kits, steam inhalers, thermometers, or sanitizers are not covered in health insurance. Also, as Angirish points out, there are reports that policyholders are receiving only 50-55 percent of claims. Having said that, it’s important that customers consider the scope of the coverage and weigh the balance between the premiums paid and the benefits the plan has to offer. "If an individual is employed then he/she would be covered under gro...
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EPF rates likely to go down, should VPF investors look for alternatives?

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With large withdrawals and fewer contributions being made amid the coronavirus pandemic, the Employees’ Provident Fund (EPF) rates are likely to go down, experts suggest. Speculation is rife that Employees' Provident Fund Organisation (EPFO) -- the retirement fund body -- may cut interest on EPF for this fiscal (2020-21), from the current 8.5 percent. This is expected to have a cascading effect on the returns from EPF and Voluntary Provident Fund (VPF), believes Abhinav Angirish, founder of Investonline.in. VPF is an extension of EPF and investors can opt for VPF only if they have an EPF account. Additionally,   Budget 2021 levied a tax on interest income above Rs 2.5 lakh   in the case of EPF. This would further add to the woes of subscribers as interest earned on the annual EPF above Rs 2.5 lakh will be taxable. According to Angirish, VPF investors will have to assess their risk appetite and look for alternatives. Conservative investors, Angirish suggests, can park thei...
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Here's What You Should Do With Your PPF Account Once It Matures

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