#insurance brokes India

[squareinsurancewale]

Top Health Insurance Brokers in India

Health insurance is very important because it helps pay for medical expenses when you get sick or injured. If you want to buy health insurance, you might need help from insurance brokers. These brokers are experts who help people understand and choose the best health insurance plans.

In this article, we will talk about some of the top health insurance brokers in India.

What is a Health Insurance Broker?

A health insurance broker is a professional who helps people find and buy health insurance. They know a lot about different insurance companies and their health insurance plans. Brokers listen to your needs and help you choose the best plan. They can also explain confusing terms and help you understand what you are buying.

Why Use a Health Insurance Broker?

Expert Advice: Brokers know a lot about health insurance plans. They can help you find the best plan for you and your family.

Save Time: Looking for insurance on your own can take a lot of time. Brokers do the work for you.

Compare Plans: Brokers can show you different plans from different companies. This helps you compare and choose the best one.

Help with Claims: If you need to use your insurance, brokers can help you with the paperwork and claims process.

Top Health Insurance Brokers in India

Here are some of the top health insurance brokers in India:

1. Square Insurance Brokers Pvt Ltd

Square Insurance Brokers Pvt Ltd is one of the top insurance brokers in India. Its founded in 2017, Square Insurance Brokers is a big name in the Indian insurance market. Known for its client-centric approach, Square Insurance Brokers offers a wide range of insurance products, including health, life, motor, non-motor, and commercial insurance. Our team of experts ensures that clients receive the best coverage at competitive rates.

The company’s strong presence across India and its commitment to customer satisfaction make us one of the best insurance brokers in India. There are plenty of reasons to choose Square Insurance as your insurance broker company.

3. Coverfox

Coverfox is a well-known insurance broker that helps people find and buy health insurance. They have a simple website where you can compare different health insurance plans. Coverfox offers plans from many top insurance companies and provides great customer service to help you with any questions or issues.

4. RenewBuy

RenewBuy is an online insurance broker that makes it easy to buy health insurance. They offer plans from various insurance companies and have a user-friendly website. RenewBuy also provides assistance with claims and renewals, making it easier for you to manage your health insurance.

5. Turtlemint

Turtlemint is a trusted name in the insurance industry. They offer a wide range of health insurance plans from different companies. Turtlemint's website is easy to use, and they provide personalized advice to help you choose the best plan. They also offer support with claims and renewals.

How to Choose the Right Health Insurance Plan

Choosing the right health insurance plan can be tricky. Here are some tips to help you:

Understand Your Needs: Think about what kind of coverage you need. Do you need coverage for just yourself, or do you need a family plan?

Compare Plans: Look at different plans and compare their features. Check the coverage, premium, and benefits.

Check the Network: Make sure the insurance plan has a good network of hospitals and doctors near you.

Read Reviews: Look for reviews of the insurance company and the plan. This can help you understand how good the plan is.

Ask for Help: If you are confused, ask a health insurance broker for help. They can give you expert advice and help you choose the best plan.

Conclusion

Health insurance is important to protect yourself and your family from high medical costs. Insurance brokers in India can help you find and buy health insurance plans that suit your needs. Square Insurance Brokers Pvt Ltd, PolicyBazaar, Coverfox, RenewBuy, and Turtlemint are some of the top health insurance brokers in India.

They can help you compare plans, understand your options, and choose the best health insurance plan. So, if you want to buy health insurance, consider reaching out to one of these brokers for expert help and advice.

[righthorizonsfinancials123]

Best Insurance Broking Advisory services in Bangalore | India

Looking for the best insurance advisory services in India? Look no further than our top-rated insurance broking company. Our team of experts provides comprehensive corporate general insurance and health insurance advisory services, as well as insurance investments advisory services to help you make the most of your insurance services. Contact us today to learn more.

[hmatrading]

List of Best Trading Apps in India 2023

The world of trading has become more accessible than ever before, thanks to the rise of trading apps. With just a few clicks on your smartphone, you can now buy and sell shares in real-time from anywhere in India. But with so many options available, which trading app should you choose? In this article, we've compiled a list of the top 10 best trading apps in India for 2023. Whether you're a seasoned trader or just starting out, this comprehensive review will help you find the perfect app for your needs. So let's dive right into it!

List of the Top 10 Trading Apps in India

Zerodha:  With over 3 million users, Zerodha is one of the most popular trading apps in India. It offers a user-friendly interface and low brokerage fees, making it an excellent choice for both beginners and experienced traders.

Upstox: Another top-rated app is Upstox, which boasts a simple yet effective platform for buying and selling stocks. It has competitive pricing and advanced charting tools to help you make informed decisions.

Angel Broking: Known for its extensive research capabilities, Angel Broking provides valuable insights into market trends that can help investors maximize their profits. The app also features a range of financial products like mutual funds and insurance.

Groww: A relatively new player in the market, Groww has quickly gained popularity thanks to its zero-commission policy on stock trades and easy-to-use interface.

Kotak Securities: This app by Kotak Mahindra Bank offers seamless integration with your bank account, allowing you to transfer funds seamlessly between them while trading shares or investing in mutual funds.

Sharekhan: With more than 20 years of experience in the market, Sharekhan is known for its robust research reports that provide detailed analysis of stocks from various sectors.

Edelweiss: Offering customizable watchlists and charts along with real-time news updates, Edelweiss makes it easier for investors to stay up-to-date with current events affecting their investments.

HDFC Securities: This app by HDFC Bank provides access to global markets along with local ones at affordable prices while providing comprehensive research reports covering several industries

ICICI Direct: ICICI direct allows you not only trade through mobile but also via call-n-trade. Their simplified version makes it perfect even if you are a beginner

Axis Direct: Last but not least AxisDirect comes equipped with all essential features including personalized alerts, easy order placement and comprehensive market analysis tools.

Complete Review of All Best Trading Apps in India

When it comes to choosing the best trading app in India, there are plenty of options available. But which one is right for you? In this complete review of all the best trading apps in India, we will take a closer look at each one and help you make an informed decision.

First up is Angel Broking. With its user-friendly interface and advanced charting tools, Angel Broking makes it easy for beginners to get started with trading. It also offers low brokerage fees and instant fund transfer options.

Next on our list is Zerodha. Known for its no-brokerage policy, Zerodha has quickly become a popular choice among traders in India. The app offers various features such as market depth analysis, advance charts and technical indicators.

Groww is another great option for those looking for a seamless trading experience. Its simple design allows users to navigate through the app with ease while offering commission-free investments in mutual funds.

Kotak Securities’ mobile application provides real-time updates on the stock market along with research reports from their team of experts giving you valuable insights about specific companies' performances based on their financial history.

Edelweiss Trading App combines investment opportunities with insightful advice from analysts making sure that traders make informed decisions before investing money into stocks or mutual funds

These are just some of the top contenders when it comes to finding the best trading app in India - but ultimately, your choice will depend on what suits your needs as an investor or trader.

To sum up, in this article we have discussed the top 10 trading apps in India for the year 2023. We have reviewed each app based on its features, user interface and overall performance.

Whether you are a beginner or an experienced trader, these apps offer you a seamless experience with no brokerage charges and easy access to market data.

Angel Broking, Zerodha and Kotak Securities are some of the popular names that provide unique features to make your trading journey smooth. Edelweiss also offers reliable services with advanced charts and tools.

Groww is another great option for beginners as it has a simple user interface along with low brokerage fees. nifty bees share price can be easily tracked through Angel One while Old Mumbai Chart provides historical data essential for analysis.

Each app excels in different areas making them suitable for different types of traders. So choose the one that best fits your requirements and start trading today!

After analyzing and reviewing the top 10 trading apps in India, it is evident that each app has its unique features and benefits. Whether you are a beginner or an experienced trader, there is an app on this list that will suit your needs.

From Angel Broking's seamless user interface to Zerodha's low brokerage fees, each app offers something special. Other notable mentions include Kotak Securities' advanced charting tools, Edelweiss' research reports, and Groww's zero brokerage platform for mutual funds.

Choosing the best trading app in India can be challenging. However, by assessing your needs as a trader and comparing them with the offerings of these top 10 trading apps, you can find one that perfectly suits you. So go ahead and download your favorite trading app today

Related - https://hmatrading.in/best-trading-app-in-india/

Source - https://sites.google.com/view/list-of-best-trading-apps

[tfgadgets]

Two killed in devastating fire at insurance office in Kerala capital

The aftermath of the fire that broke out an office of the New India Assurance at Pappanamcode in Thiruvananthapuram, Kerala, on September 3, 2024. | Photo Credit: Special Arrangement Two people were killed after a massive fire tore through an office of the New India Assurance Co. Ltd., a public-sector general insurance company, at Pappanamcode, about five kilometres from the Kerala capital, on…

[quiklyz]

Quiklyz Partners with Leading Last Mile Mobility Players for EV Leasing

Quiklyz signs MOUs with five Last Mile Mobility players to deliver 1000 electric 3-wheelers

Deliveries to be completed in 6 months, pan India

Vehicles to be used for delivery & logistics

Mumbai, 23rd November 2022: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), has signed MOUs with prominentLast Mile Mobility players for leasing over 1000 electric 3-wheelers (3W). Quiklyz plans to deliver these leased vehicles over the next six months, spread across India deliveries, opening up newer opportunities in EV leasing.

The MOUs have been signed upwithMahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd. and, Terrago Logistics Pvt Ltd. The signing was done on the sidelines of the launch of Mahindra Electric’s Zor Grand in Bengaluru recently.

The three-wheeler electric vehicles will be used primarily for delivery and logistics purposes.

Raul Rebello, COO, Mahindra Finance said, “India’s transition to EV has accelerated in the last few years which has given a major boost to the Indian EV financing ecosystem. With these recent partnerships our aim is to be early adopters of this disruptive technology, our way of contribution in India achieving its goal of becoming carbon-neutral by 2070”.

Shailesh Kumar – Director, CABT logistics mentioned, “We started our journey with Quiklyz four months ago and were delighted with our experience as a client. With this MOU we commit to strengthen this relationship further with the ease of flexibility leading to business growth for both the organisations and our environment at large”.

Mohammad Turra, Senior VP & Head, Quiklyz added, “We continue to deliver on our commitment in providing innovative leasing solutions to popularize Electric Vehicles in India across segments and are delighted to partner with leading players in last mile space. With due consideration to the growing e-3W segment and the increasing focus on green mobility, it will be our continuing endeavor to work closely with stakeholders in the sustainable mobility space”.

Quiklyz has already provided leasing solutions to over 1000 electric vehicles over the last 12 months including passenger vehicles and three-wheelers. It currently has the largest portfolio of EVs in Last Mile Mobility on its leasing and subscription platform; in collaboration with major EV manufacturers. Quiklyz has been a front-runner in promoting leasing solutions for logistics and last mile e-mobility across the Indian metro cities through continuous collaborations with prominent e-commerce companies.

Quiklyz has partnered with more than 15 electric last mile mobility delivery companies and several electric mobility providers since its inception. The platform has leased electric vehicles across cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune,  Noida, Gurugram, Indore and Nagpur.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 8.4 million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,386 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Ideal Finance Limited (MIFL) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook:

@MahindraFin 

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

[structuredbiiz]

Understanding Non Banking Financial Company in India

What is a Non-Banking Financial Company (NBFC)?

An NBFC is a company registered under the Companies Act, 2013, that provides financial services but does not hold a banking license. NBFCs operate in various sectors such as loans, asset financing, insurance, leasing, and investments. They are regulated by the Reserve Bank of India (RBI) under the RBI Act, 1934, but do not offer core banking services like accepting demand deposits from the public or issuing checks.

Key Differences Between NBFCs and Banks

While both banks and NBFCs provide financial services, there are some key differences:

1. Deposit Acceptance: Unlike banks, NBFCs cannot accept demand deposits.

2. Payment and Settlement System: NBFCs are not part of the payment and settlement system and cannot issue checks.

3. Deposit Insurance: Deposits with NBFCs are not insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), unlike those with banks.

Despite these differences, NBFCs are pivotal in delivering financial services across various sectors.

Types of NBFCs

NBFCs in India are categorized based on their activities and types of deposits accepted. Here are the main categories:

1. Asset Finance Company (AFC): Engages in financing physical assets like machinery, automobiles, and equipment used in productive sectors.

2. Loan Company: Primarily focuses on providing loans and advances that do not involve asset financing.

3. Investment Company: Engages in acquiring securities, such as shares, stocks, and bonds.

4. Infrastructure Finance Company (IFC): Specializes in funding infrastructure projects and requires a minimum Net Owned Fund (NOF) of Rs. 300 Crore.

5. Microfinance Institution (MFI): Provides microloans to individuals or small businesses, particularly in rural and semi-urban areas, with a focus on income generation.

6. Core Investment Company (CIC): Holds a minimum of 90% of its total assets as investments in group companies, with 60% of its equity investments in these companies.

7. Infrastructure Debt Fund (IDF): Facilitates long-term debt flow into infrastructure projects by raising resources through bonds.

8. NBFC-Factors: Engaged in the business of factoring, which involves the sale of receivables to improve cash flow.

9. Mortgage Guarantee Companies (MGC): Provides mortgage guarantee services with at least 90% of assets in guarantee business. Visit our website for complete details.

Advantages of NBFCs

NBFCs offer several advantages over traditional banks:

1. Diverse Financial Services: NBFCs can engage in various activities such as loans, leasing, hire-purchase, insurance, and investment management, offering a broad range of financial services.

2. Regulatory Flexibility: Although regulated by the RBI, NBFCs enjoy more flexibility than banks, which allows them to cater to niche markets with innovative financial products.

3. Easier Access to Capital: NBFCs can raise funds through various means, including debentures, bonds, and loans. Some NBFCs are also allowed to accept deposits.

4. Faster Loan Processing: NBFCs often have streamlined loan approval processes, resulting in quicker loan disbursals compared to traditional banks.

Foreign Investment in NBFCs

The Indian government allows 100% Foreign Direct Investment (FDI) in NBFCs under the automatic route, provided they engage in certain specified financial activities such as asset management, stock broking, financial consultancy, and venture capital. NBFCs with foreign investment must comply with minimum capitalization norms as defined by RBI guidelines, depending on the level of foreign ownership.

Registration Process for NBFCs in India

To operate legally, an NBFC must undergo a registration process with the Reserve Bank of India. Below is a step-by-step guide:

1. Incorporate the Company: Register your company under the Companies Act, 2013, ensuring that the primary objective is engaging in financial activities.

2. Meet the Net Owned Fund (NOF) Requirement: Ensure that the company has a minimum NOF of Rs. 200 Lakhs, primarily in equity shares.

3. Prepare a Detailed Business Plan: Draft a comprehensive business plan, including financial projections and operational strategies.

4. Apply Online: Submit an online application to the RBI through its official portal along with required documents such as the Certificate of Incorporation and business plan.

5. Submit Hard Copies: Send a signed hard copy of the application and supporting documents to the regional RBI office.

6. Board Resolutions: Pass board resolutions confirming adherence to RBI’s Fair Practices Code and affirming that the company will not engage in restricted activities.

7. Director Credentials: Ensure that at least one-third of the company’s directors have a minimum of 10 years of experience in finance.

8. Comply with RBI Norms: Meet any additional compliance requirements such as CIBIL ratings and FDI norms, if applicable.

Conclusion

Non-Banking Financial Companies (NBFCs) are integral to the financial system in India, providing essential services that extend beyond the reach of traditional banking institutions. By facilitating access to credit, especially in underserved areas, NBFCs contribute significantly to economic development and financial inclusion. With a thorough understanding of regulatory requirements and a clear registration process, businesses can successfully enter the NBFC sector and thrive in India’s growing financial ecosystem.

[kreditwala]

Why every modern wallet needs a Credit Card? Kredit Wala

Are you planning to get a credit card in India: Yes, No, Maybe? Well you will be happier to know that you are not alone who are stuck in this question. The answer to this should be given after a lot of research and that's why we are here today with Kredit wala.

Why you should get a credit card as soon as you start working? | Kredit wala

Credit cards are one of the most important things in this modern world and today we will be going through pros and cons of credit cards. Reading this Kreditwala article completely will help you make your decision more precisely. 

Pros of Having a Credit Card in India

Okay, let’s discuss the pros of the presented models! Well, let me state that having a credit card in India is rather convenient. Here's why: 

1. Convenience and Cashless Transactions

First of all, let me say it is incredibly handy. It is no longer necessary to walk around with pocket money all the time. All you need to do is to swipe your card and that’s it! It also suits shopping online very well. No more concerning whether it is possible to make it through the week without sufficient money. 

2. Build Credit Score

On the heels of that, credit cards can assist one in establishing a good credit rating. What's that, you ask? Well, in a way, it is kind of equivalent to a report card of how you are performing in terms of your money matters. If you manage your card properly; make your payments on time, then your score improves. This can in turn assist you get loans easier in the future. 

 3. Rewards and Cashback

Now, who does not like to get something for free? Most of the credit cards come with bonus offers or cash back offers. This is like a thank you every time you are spending, such a wonderful thing to have. Kredit Owner provides best credit cards that award you what you can use to travel or shop. Some return you money. It's pretty cool!

4. Interest-Free Credit Period

Here is another advantage – the interest free period. Credit cards allow you free spending for approximately 45-50 days before it is due and attracts an interest. It is like a short term, no interest credit if you pay on time. 

5. Emergency Financial Support

Credit cards can also be handy especially in emergency situations. Car broke down? Unexpected medical bill? Your credit card is a savior when you are in a fix. 

6. Online Shopping Benefits

All you shoppers who shop online then you know that Kredit wala credit cards have offers most of the time. There might be additional percentage cuts or free delivery services that you could be accorded. It's worth checking out! 

7. Travel Perks 

Finally, Kreditwala Reviews provides credit cards have good benefits if you are a regular travellers. Lounge access at the airport, insurance, air miles and so on. It can make your trips a bit more comfortable and does not have to be as expensive. 

However, it is vital to understand that these benefits are only useful when you are using the card wisely. Quite often students think that such money is free money and do not have to pay it back. If used wisely, a credit card is actually a very good thing to have in your wallet and pocket. 

Read Also: Elevate your shopping experience with Reliance SBI Card

Cons of Having a Credit Card in India 

Okay, time to discuss the drawbacks about having a credit card in India. It is equally necessary to know these!

1. High Interest Rates

First of all, the interest rates are rather high here. If you fail to pay the full amount at the due date, then you have to pay some more amount. Believe me, it all sums up very quickly! There are cards that attract interest rates of 3-4% on the principal sum every month. That's a lot! 

2. Annual Fees and Hidden Charges

And there are the fees of course. The problem is many credit cards have an annual fee that one is charged just for having the card. 

3. Overspending Temptation

Here is a big one – overspending is relatively easy to do. That could be why when you are using your card to swipe, it does not feel like actual money. One could always spend money on things they do not require for instance. You blink an eye and you realize you have gone way over budget. 

4. Risk of Debt Accumulation

That is the truth; if you are not careful, you land yourself in a fix whereby you have to pay some money you did not plan to. It begins with a very small area, but can expand rapidly. Credit card debt can take some people for ages to pay off. It also does not sound like a pleasant position to be in. 

5. Impact on Credit Score if Mismanaged

Well, if you tamper with your credit card, then your score will be affected. If you go on to miss payments or to reach your credit limit you are likely to see your score drop. This can prove cumbersome when trying to obtain loans in the future. 

Well, now, let me be very clear not to be misunderstood. What many people do not realize is that credit cards are not necessarily a bad thing in society. But it is very crucial to know these disadvantages because without it no one can be good at it. 

Conclusion

In conclusion, credit cards can be good in India but they should be used wisely. If after going through this article, you conclude that a credit card is suitable for you, why not try Kreditwala? They give many choices, and useful suggestions. 

Also, you can visit the Kreditwala News to be aware of the latest pieces of advice on credit card usage. Credit card is a great tool – just be smart using it and it can indeed assist you a lot. Don’t you think it is high time you consider your options with Kredit Wala? 

Read Also: Kredit Wala | Are you aware of the Credit Card Hacks?

[sa7abnews]

Massachusetts police clued in to wealthy family's mansion murders with three sheets of paper and chilling note

New Post has been published on https://sa7ab.info/2024/08/09/massachusetts-police-clued-in-to-wealthy-familys-mansion-murders-with-three-sheets-of-paper-and-chilling-note/

Massachusetts police clued in to wealthy family's mansion murders with three sheets of paper and chilling note

Grisly new details emerged this week in the murder-suicide of a seemingly wealthy Massachussetts family who were all found shot to death late last year in their sprawling $4 million mansion, according to a new report.Rakesh “Rick” Kamal, 57, fatally shot his wife, Teena, 54, and their 18-year-old daughter, Arianna, as they slept in their beds three days after Christmas. He then climbed into a bathtub and turned the gun on himself, the Boston Globe reported.While appearing affluent to outsiders, the Kamals were hopelessly buried in debt – and were scheduled for eviction from their 11-bedroom Dover mansion nestled on five acres the day of the slayings.FLORIDA FIREFIGHTER KILLS WIFE IN MURDER-SUICIDE AFTER OMINOUS FACEBOOK POSTResponding to a 911 call, police entered the residence on Dec. 28 and found a typed note addressed to the person who was scheduled to pick up the keys, according to the local newspaper’s account of a 63-page police report.”Please note,” it read. “Before entering call the Police to first check three bedrooms on the second floor. Each room will be marked by a white sheet of paper.”Police found each of the bodies behind those demarcated doors.UTAH FATHER OF 6 KILLS WIFE IN MURDER-SUICIDE AFTER CRYPTIC FACEBOOK POSTThe calculated killings shocked relatives and convulsed the wealthy local community.Neighbors in Dover – a suburb of Boston – knew Rick Kamal as a wealthy entrepreneur and dedicated father.FOLLOW THE FOX TRUE CRIME TEAM ON XBut beneath their veneer of wealth, the family were drowning in debt and stress.Rick – who had filed for bankruptcy and been served with a foreclosure notice three months before the killings – owed his brother Manoj $150,000. The sibling had given his brother the loans in a string of $5,000 increments, according to the Globe.MASSACHUSETTS RAPE SUSPECT WANTED FOR DECADES-OLD CRIMES CAPTURED AFTER POLICE CHASE IN LOS ANGELESThe broke businessman was also given money by his mother, and he eventually sank her bank account to nearly nothing.Aware of their mounting financial pressures, Teena recently told Manoj that she wanted to “drive their family off a cliff due to the recent stress they were under,” according to the report.SIGN UP TO GET THE TRUE CRIME NEWSLETTERManoj – who found the bodies and called police – told investigators that his brother had spun a web of deceit for years on end.”[Manoj] thinks every conversation he has had with Rakesh the past five years was a lie,” his wife’s sister told police.CALIFORNIA MAN WHO WENT BY ALIAS FOR 40 YEARS ARRESTED IN WOMAN’S MURDERMarybeth Bisson, the developer of the Kamals’ enormous home, also financed its sale to the family.She told investigators that Rick had begun concocting excuses for missing mortgage payments and pleaded with her not to discuss the situation with his wife.On Dec. 23, five days before the killings, a fax was sent to the company holding Teena’s $1.25 million life insurance policy to add Manoj as a beneficiary.The Globe reported that the Kamals FaceTimed with relatives in India on Christmas Day and that there was nothing out of the ordinary about the exchange.CLICK HERE FOR MORE TRUE CRIME FROM FOX NEWSRick texted his brother the following day to cancel a scheduled get-together. He also texted Arianna’s boyfriend to nix his upcoming visit to the family.The boyfriend told police that Arianna had confided some of her family’s troubles to him, hinting at one point that Teena wanted to leave her father but that they seemed to be on the mend.At the same time, Rick was in regular communication with his home’s developer to discuss his departure. After not hearing from his brother for several days, Manoj went to the home, known as “Enchanted Acres,” and called 911. The Kamals bought the mansion for just under $4 million, according to records. The Zillow estimate for the 20,000-square-foot compound is nearly $7 million. 

[ethikainsurancebroking]

What’s New in the Budget 2024-25 for the Insurance Industry? | Ethika Insurance Broking Pvt Ltd

The mostly awaited budget-2024 is finally out. This budget was eagerly anticipated as it is the first budget being presented after NDA stormed to power for the third consecutive time in India. However, with BJP falling short of majority and forming the government with allies, many people expected the government to announce “freebies” and put hold on the developmental activities that were carried out in the last 2 terms. Nonetheless, the budget came as a surprise to many and disappointment to many others. Insurance industry had high hopes from this budget with expectations of reduction in GST for insurance products, increase in Section 80D limit etc. However, only 2 soaps were given to the insurance industry in this budget. 

[hairbeautycoat]

IPO (Initial Public Offering)

Unlocking Investment Potential with Angel One: A Comprehensive Guide

In today's fast-paced financial landscape, finding a reliable partner for your investment journey is crucial. Angel One stands out as a premier choice for investors in India, offering a wide range of services designed to maximize your financial growth. From a free Demat account discount / premium broking to expert-led live webinars, Angel One ensures that you have all the tools and support needed to succeed. Let's explore the diverse offerings of Angel One and how they can benefit your investment strategy.

Free Demat Account and Premium Broking Services

Opening a free Demat account with Angel One is the first step towards seamless and efficient trading. This account allows you to hold your securities in electronic form, eliminating the risks associated with physical certificates. Additionally, Angel One's premium broking services provide you with access to a wide range of investment options and expert advice, ensuring you make informed decisions.

Angel One Advisory

One of the standout features of Angel One is its comprehensive Advisory Services. These services provide you with personalized investment strategies tailored to your financial goals. Whether you're interested in IPO (Initial Public Offering) investments, mutual funds investment, or sovereign gold bonds (SGB), Angel One's advisory team offers the guidance you need to navigate the market successfully.

Dedicated Relationship Manager

Angel One understands the importance of personalized support in your investment journey. With a dedicated relationship manager, you receive one-on-one assistance for all your investment needs. This includes a free relationship manager for insurance advice, ensuring that your insurance portfolio is as robust as your investment portfolio.

Innovative Investment Tools

Angel One offers a range of innovative tools to enhance your investment experience. The ready-made basket to invest feature allows you to invest in a diversified portfolio of stocks and other securities, curated by experts to match your risk appetite and investment goals. Moreover, Angel One provides live webinars from Angel One experts and live YouTube sessions, where you can gain valuable insights and stay updated with the latest market trends.

Explore the Full Potential of Angel One

To fully leverage the benefits of Angel One, visit their official website and explore the extensive range of services they offer. Whether you're a seasoned investor or just starting, Angel One has the resources and expertise to help you achieve your financial aspirations.

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Quiklyz signs MOUs with five Last Mile Mobility players to deliver 1000 electric 3-wheelers

Quiklyz signs MOUs with five Last Mile Mobility players to deliver 1000 electric 3-wheelers

Deliveries to be completed in 6 months, pan India

Vehicles to be used for delivery & logistics

Mumbai, 23rd November 2022: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), has signed MOUs with prominentLast Mile Mobility players for leasing over 1000 electric 3-wheelers (3W). Quiklyz plans to deliver these leased vehicles over the next six months, spread across India deliveries, opening up newer opportunities in EV leasing.

The MOUs have been signed upwithMahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd. and, Terrago Logistics Pvt Ltd. The signing was done on the sidelines of the launch of Mahindra Electric’s Zor Grand in Bengaluru recently.

The three-wheeler electric vehicles will be used primarily for delivery and logistics purposes.

Raul Rebello, COO, Mahindra Finance said, “India’s transition to EV has accelerated in the last few years which has given a major boost to the Indian EV financing ecosystem. With these recent partnerships our aim is to be early adopters of this disruptive technology, our way of contribution in India achieving its goal of becoming carbon-neutral by 2070”.

Shailesh Kumar – Director, CABT logistics mentioned, “We started our journey with Quiklyz four months ago and were delighted with our experience as a client. With this MOU we commit to strengthen this relationship further with the ease of flexibility leading to business growth for both the organisations and our environment at large”.

Mohammad Turra, Senior VP & Head, Quiklyz added, “We continue to deliver on our commitment in providing innovative leasing solutions to popularize Electric Vehicles in India across segments and are delighted to partner with leading players in last mile space. With due consideration to the growing e-3W segment and the increasing focus on green mobility, it will be our continuing endeavor to work closely with stakeholders in the sustainable mobility space”.

Quiklyz has already provided leasing solutions to over 1000 electric vehicles over the last 12 months including passenger vehicles and three-wheelers. It currently has the largest portfolio of EVs in Last Mile Mobility on its leasing and subscription platform; in collaboration with major EV manufacturers. Quiklyz has been a front-runner in promoting leasing solutions for logistics and last mile e-mobility across the Indian metro cities through continuous collaborations with prominent e-commerce companies.

Quiklyz has partnered with more than 15 electric last mile mobility delivery companies and several electric mobility providers since its inception. The platform has leased electric vehicles across cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune,  Noida, Gurugram, Indore and Nagpur.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 8.4 million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,386 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Ideal Finance Limited (MIFL) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook:

@MahindraFin 

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

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Cutting Costs: The Best Low Brokerage Trading Accounts for Investors

Introduction

In the world of investing, minimizing costs is just as crucial as maximizing returns. One of the primary costs for investors is brokerage fees, which can significantly eat into profits over time. Thankfully, the rise of discount brokers and competitive brokerage plans has made it easier for investors to keep their costs low while trading. In this blog, we'll explore some of the best low brokerage trading account available for investors in India, ensuring you can make informed choices to optimize your investment strategy.

Low brokerage trading accounts have revolutionized the way retail investors participate in the stock market. By significantly reducing the cost of transactions, these accounts make it easier for investors to trade more frequently without worrying about high fees. Whether you're a day trader, a long-term investor, or someone just starting out, choosing the right low brokerage account can help you retain more of your hard-earned profits.

Why Low Brokerage Matters

Brokerage fees can add up quickly, especially for active traders. High brokerage charges can reduce net returns, making it harder to achieve investment goals. Low brokerage trading accounts offer a cost-effective solution, allowing investors to trade more efficiently. By minimizing these costs, investors can focus on making profitable trades without the burden of hefty fees.

Zerodha

Overview

Zerodha, founded in 2010, is a trailblazer in the discount broking space in India. It has become synonymous with low-cost trading, attracting a large customer base with its transparent pricing model and user-friendly platform.

Features and Benefits

Brokerage Fees: Zerodha charges a flat fee of Rs 20 per trade for equity and commodity trading, or 0.03% (whichever is lower).

Platform: Kite, Zerodha’s trading platform, is known for its simplicity and advanced features.

Research and Tools: Offers various tools and educational resources to help traders make informed decisions.

Why Choose Zerodha?

Zerodha's low-cost structure, combined with its powerful trading platform, makes it an ideal choice for both new and experienced traders. The flat fee structure ensures transparency and predictability in trading costs.

Upstox

Overview

Upstox, backed by Ratan Tata, is another prominent player in the discount brokerage market. Known for its affordability and feature-rich trading platforms, Upstox caters to a diverse range of investors.

Features and Benefits

Brokerage Fees: Charges a flat fee of Rs 20 per trade for intraday and F&O trades, and zero brokerage on delivery trades.

Platform: Upstox Pro offers advanced charting tools, fast order execution, and a user-friendly interface.

Support and Education: Provides extensive educational content and customer support to assist traders.

Why Choose Upstox?

Upstox stands out for its competitive pricing and robust trading platform, making it a great option for active traders who require advanced tools and low costs.

5Paisa

Overview

5Paisa, a subsidiary of IIFL, offers a comprehensive trading experience with a focus on affordability. It caters to retail investors looking for low-cost brokerage services.

Features and Benefits

Brokerage Fees: Charges Rs 20 per order across all segments.

Platform: 5Paisa’s trading app is feature-rich, providing tools for market analysis and research.

Additional Services: Offers mutual fund investments, insurance, and personal loans, making it a one-stop-shop for financial services.

Why Choose 5Paisa?

5Paisa’s low brokerage rates and wide range of financial products make it an attractive choice for investors looking for a versatile and economical trading platform.

BlinkX by JM Financial

Overview

BlinkX is a new entrant from JM Financial, aiming to provide low-cost brokerage services with a focus on technology and customer satisfaction.

Features and Benefits

Brokerage Fees: Competitive rates with zero brokerage on delivery trades and Rs 20 per order for intraday and F&O.

Platform: BlinkX offers a sleek and intuitive trading platform with advanced features for analysis.

Support: Focuses on providing excellent customer service and support to its users.

Why Choose BlinkX?

BlinkX’s competitive pricing and commitment to customer satisfaction make it a strong contender in the low brokerage space, especially for those seeking a new-age trading platform.

Angel One

Overview

Angel One, formerly known as Angel Broking, is one of the oldest brokerage firms in India that has adapted to the discount brokerage trend by offering low-cost plans.

Features and Benefits

Brokerage Fees: Offers a flat fee of Rs 20 per trade for F&O and intraday trading.

Platform: Angel One’s trading platform is comprehensive, offering tools for both beginners and advanced traders.

Research: Provides extensive research reports and recommendations.

Why Choose Angel One?

Angel One combines the reliability of a traditional brokerage with the cost benefits of a discount broker, making it a solid choice for investors seeking comprehensive services at lower costs.

ICICI Direct

Overview

ICICI Direct is a well-known name in the brokerage industry, offering a range of investment options and balancing full-service brokerage with competitive pricing.

Features and Benefits

Brokerage Fees: Offers various plans, including flat-rate options for active traders.

Platform: ICICI Direct’s platform is robust, providing a wide range of tools and resources.

Services: Offers banking and brokerage services under one roof, providing convenience and comprehensive support.

Why Choose ICICI Direct?

ICICI Direct’s strong reputation and comprehensive service offerings, combined with its competitive brokerage plans, make it a viable option for those seeking reliability and convenience.

HDFC Securities

Overview

HDFC Securities offers a blend of traditional and modern brokerage services, with competitive pricing options for cost-conscious investors.

Features and Benefits

Brokerage Fees: Provides various plans tailored to different trading needs, including low-cost options.

Platform: The trading platform is user-friendly and packed with features for all types of traders.

Support: Known for excellent customer support and service reliability.

Why Choose HDFC Securities?

HDFC Securities’ reputation for reliability and its flexible brokerage plans make it an attractive option for investors who value both service quality and cost efficiency.

Groww: Simple and Low-Cost Trading

Overview

Groww started as a mutual fund investment platform and has expanded into stock trading, offering simple and low-cost brokerage services.

Features and Benefits

Brokerage Fees: Charges zero brokerage on equity delivery and Rs 20 per order on intraday and F&O.

Platform: The Groww app is intuitive and easy to use, making it ideal for beginners.

Additional Services: Also offers investments in mutual funds and other financial products.

Why Choose Groww?

Groww’s user-friendly interface and low-cost structure make it a perfect choice for new investors looking to start their trading journey without high costs.

INVEZT

Overview

INVEZT is an emerging brokerage firm focusing on providing low-cost trading solutions with advanced technology.

Features and Benefits

Brokerage Fees: Offers highly competitive brokerage rates, ensuring cost-effective trading.

Platform: INVEZT’s platform is designed for ease of use, with advanced features for seasoned traders.

Support: Provides robust customer support and educational resources.

Why Choose INVEZT?

INVEZT’s focus on low fees and advanced technology makes it a compelling option for investors seeking a modern, cost-effective trading solution.

m.Stock

Overview

m.Stock by Mirae Asset offers a combination of low brokerage fees and advanced trading tools, catering to a diverse range of investors.

Features and Benefits

Brokerage Fees: Charges zero brokerage on delivery trades and Rs 20 per order on intraday and F&O.

Platform: The m.Stock platform offers advanced charting, research tools, and seamless trading experiences.

Additional Services: Provides access to mutual funds and other investment products.

Why Choose m.Stock?

m.Stock’s blend of low costs and advanced trading tools makes it an excellent choice for investors looking for a comprehensive and economical trading platform.

Choosing the Right Low Brokerage Account

When selecting a low brokerage trading account, consider the following factors:

Trading Volume: Your trading frequency can influence the best choice. Active traders may benefit more from flat-fee structures.

Platform Features: Ensure the platform offers the tools and features you need for your trading strategy.

Customer Support: Reliable customer support can make a significant difference, especially when issues arise.

Additional Services: Some brokers offer additional services like mutual fund investments, which might be beneficial.

Reputation: The broker’s reputation and reliability are crucial for ensuring the safety of your investments.

Conclusion

Cutting costs is essential for maximizing returns in stock market investments. The brokers listed above offer some of the best low brokerage trading accounts in India, each with unique features and benefits. By choosing the right account, you can minimize your trading costs and focus on building a profitable investment portfolio. Whether you’re a beginner or an experienced trader, these low-cost options provide the tools and services you need to succeed in the market.

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Which Financial Companies Do Not Require an NBFC License?

The Indian financial landscape is a bustling marketplace filled with a diverse cast of characters. Non-Banking Financial Companies (NBFCs) are some of the key players, offering a wide range of financial products and services that go beyond the realm of traditional banks. But when it comes to licensing, things can get a little confusing. Not every financial company needs the standard NBFC license issued by the Reserve Bank of India (RBI). So, who gets a free pass? Let's unveil the mystery!

The Regulatory Guardians: Different Watchtowers for Different Heroes

The RBI, like a wise old king, oversees the financial kingdom. But it doesn't micromanage everything. For some financial companies, specialized regulatory bodies exist:

Insurance Companies: These brave knights are regulated by the Insurance Regulatory and Development Authority of India (IRDA), ensuring fair play in the world of insurance products.

Housing Finance Companies (HFCs): These champions of homeownership are regulated by the National Housing Bank (NHB). Their primary focus is providing housing loans, and they get a special exemption from RBI registration.

Stock Broking Companies & Merchant Banking Companies: These market movers are under the watchful eye of the Securities and Exchange Board of India (SEBI). They ensure the stock market remains a fair and transparent battlefield.

The Niche Players: Smaller Heroes with Specific Roles

The financial world isn't just about the big guns. Some specialized institutions operate under different rules:

Nidhi Companies: These are the friendly neighbourhood lenders, catering to a smaller, localized community. They operate under the Companies Act, 2013, with limitations on deposit amounts and business activities.

Chit Fund Companies: These are like financial rotating circles, governed by the Chit Funds Act, 1982. They follow a unique model where members contribute money periodically and receive lump sums in turn.

The Size Matters (Sometimes): Net Owned Funds and Exemptions

For most NBFCs, the RBI acts as the gatekeeper. If your Net Owned Funds (NOF), which is your company's own money minus borrowings, exceeds ₹ 25 crore (as of April 1999), then an NBFC license becomes mandatory. However, even within the NBFC realm, there are some exempted heroes:

Government Companies: These state-backed NBFCs don't need the RBI's stamp of approval.

Agricultural and Industrial Development Banks:  These specialized institutions established under specific Acts get a free pass from RBI registration.

Beyond the Exemptions: The Allure of the RBI CoR

Even if your financial company doesn't require an NBFC license, obtaining an RBI Certificate of Registration (CoR) can be a strategic move. It's like a hero's badge, signifying credibility and potentially unlocking access to larger funds.

Navigating the Financial Frontier

Understanding NBFC license exemptions empowers you to navigate the Indian financial sector with confidence.  Whether you're a budding entrepreneur or a seasoned investor, knowing the distinctions between these financial heroes fosters informed decisions and contributes to a healthy financial ecosystem for all. So, the next time you encounter a financial company, you'll be able to recognize which heroes wear capes (NBFC licenses) and which ones have other badges of honour!

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Quiklyz Now Available in 5 More Cities for Vehicle Leasing and Subscriptions

Quiklyz extends vehicle leasing and subscription services

to 5 additional cities

Vehicles from leading OEMs including Mahindra, Maruti Suzuki, Hyundai, Tata Motors, Kia and other OEMs on offer

Attractive schemes both for personal and corporate customers

Quiklyz now spreads across 13 cities, pan India

Mumbai, 3rd March 2022: Quiklyz, the vehicle leasing and subscription platform of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), today announced expansion of its services in 5 additional cities. With this announcement, Quiklyz will be now available across 13 cities pan India.

The cities in which Quiklyz have started the service include Ahmedabad, Kolkata, Manesar, Faridabad and Ghaziabad. The company is planning to expand its presence in 30 cities over the next 3 months. Quiklyz earlier had launched its services in 8 metro cities including Bengaluru, Chennai, Delhi, Gurugram, Hyderabad, Mumbai, Noida, and Pune in November 2021.

Speaking on expansion in new geographies, Turra Mohammed, SVP & Business Head – Quiklyz commented. "We have seen very good traction since our launch both with our Retail subscription product through Quiklyz.com and our Corporate lease products. With shift in consumer mindset and more openness towards flexible vehicle ownership models, we are very excited to rapidly take Quiklyz across many more cities”.

‘Quiklyz’, a new-age digital platform aims to provide great convenience, flexibility and choice to customers across geographies. The company offers hassle free access to vehicle to its customers. . Quiklyz will be available to both retail and corporate customers. Under the corporate segment, it aims to offer services to and fleet operators, while in the retail segment the company will offer services to a wide range of customers, especially millennial mindset salaried and self-employed individuals.

Quiklyz currently has largest portfolio of electric vehicles (EVs) on its leasing and car subscription platform. The vehicles from leading OEMs including Mahindra, Tata Motors, Mercedes-Benz, MG, Audi, and Jaguar will be on offer for customers. Quiklyz’s value proposition for its customers include zero down payment schemes, range of subscription tenure options, only one fixed monthly fee, white number plate and RC in customer’s name, no resale or maintenance hassle, and more.

The customers can access various offerings and book their dream vehicle on Quiklyz.com. The website will facilitate extremely simple vehicle booking and delivery journey for the customer. Additionally, customers can also reach out to Quiklyz over email at quiklyz.service@mahindra.com or call 1800-209-7845 for support.

About Mahindra & Mahindra Financial Services Limited 

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.3 Million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,388 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country. 

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services. 

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country. 

Mahindra Finance CSR Foundation is a wholly-owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries. 

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Investment Management Private Limited to Manulife Investment Management (Singapore) Pte. Ltd., to form a 51:49 joint venture. 

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Trustee Private Limited to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US. 

Ideal Finance Limited (Ideal Finance) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. Ideal Finance focuses on providing a diversified suite of financial services to the Sri Lankan market. 

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.  

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room