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Edelweiss Recently Listed IPO Fund limits investment to Rs. 1 lakh per day from February 1, 2022

[ad_1] At times, many mutual funds impose restrictions on fresh inflows into the scheme. Edelweiss Recently Listed IPO Fund, an open ended equity mutual fund has decided to limit the subscriptions on a prospective basis in the ongoing offer of the scheme. As per the company’s note, lumpsum fresh or additional purchases, switch-ins, Systematic Investment Plan, Systematic Transfer Plan and other facilities offered under the Scheme will be limited to Rs. 1 lakh per day per PAN with effect from February 1, 2022 until further notice. The existing SIP and STP mandates received on or before January 31, 2022 will continue to be processed, irrespective of the amount. In the official note, the company says, “Thanks to its unique investment strategy and strong performance since its launch, Edelweiss Recently Listed IPO Fund has quickly grown and has reached a size where we think it is prudent to limit inflows. The limit will allow us to review the liquidity profile of the portfolio and pipeline of upcoming opportunities.” Launched in Feb 2018, Edelweiss Recently Listed IPO Fund invests in recently listed companies or companies foraying to enter the capital markets via Initial Public Offering. After applying for IPOs, there is no assurance that the investor will get the allotment especially when IPO issues get oversubscribed several times over. As an investor, if you still want to take an exposure to the recently-listed IPOs, Edelweiss Recently Listed IPO Fund may be explored by an investor. The scheme was launched as a closed ended fund (earlier known as Edelweiss Maiden Opportunities Fund – Series 1) and was converted into an open ended fund for new investors to enter and participate in the IPO market which saw new age businesses list and grow. The fund provides 3 key benefits to investors: Access to recently listed and upcoming IPOs Right selection of businesses within this universe Capturing post listing gains from IPOs The fund has been very selective while investing in IPOs and has averted some overpriced and bad businesses that got listed in recent times. This has helped the fund in generating strong 20.93% CAGR returns since its inception. [ad_2] Source link

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*HOT* 23 Face Masks only $20 shipped! (Frugal Valentine’s Day Gift Idea!)

[ad_1] Looking for some frugal Valentine’s Day or Easter gifts? These face masks would be a great option! FaceTory is currently offering 50% off their Sheet Mask Starter Pack with code newyear50 at checkout. If you choose the Subscribe & Save option, you’ll pay just $20 shipped for 23 handpicked, luxurious K-Beauty face masks! At just $0.87 per sheet mask, that’s a great price for these quality beauty masks and they’d make fabulous Valentine’s Day gifts or Easter Basket stuffers! And it comes with a bonus spa hairband to hold your hair back. We got a similar deal last year and I was so impressed with everything in it and couldn’t believe the quality for the price!! Kaitlynn had the BEST time using the face masks and I even got brave and tried a few! {Please note that when you sign up for this, you will continue to receive and be charged for a box every month. If you no longer wish to continue your subscription, be sure to cancel before your next box ships.} This exclusive deal is only valid for a limited time, so be sure to jump on it right away! Get your Beauty Sheet Mask Starter Pack here. [ad_2] Source link

*HOT* 23 Face Masks only $20 shipped! (Frugal Valentine’s Day Gift Idea!) Read More »

Share Market LIVE: Sensex dives over 400 pts, Nifty gives up 18000, trend remains negative below 18200

[ad_1] Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets opened in the red on Wednesday morning as bears continued to maintain the grip on Dalal Street. S&P BSE Sensex was down over 250 points or 0.42% hovering around 60,500 while the NSE Nifty 50 index was down near 18,050. Bank Nifty, along with the broader market mirrored the fall. India VIX was above 18 levels. Bajaj Finance was the top index gainer, up 2.32% as investors reacted to strong Q3 results. Other gainers included Tata Steel, Bajaj Finserv, and Mahindra & Mahindra. Infosys was down 1.6% as the top index laggard, followed by IndusInd Bank, and Tech Mahindra. [ad_2] Source link

Share Market LIVE: Sensex dives over 400 pts, Nifty gives up 18000, trend remains negative below 18200 Read More »

Here’s how one mortgage lender gives back to service members

[ad_1] About five years ago, Linthicum, Maryland-based NFM Lending was looking for a way to shift from sporadic donations to service members to a dedicated effort that regularly recognized their sacrifice. Their answer was the creation of the NFM Salute, an initiative in which one military member or veteran is selected each month to be honored as the “Salute of the Month.”  Selected from nominations on the NFM Salute website, the honorees receive a thank-you gift and have a $2,500 donation made in their name to a military-focused charity. Gregory Sher, chief business development officer of NFM Lending, emphasized the importance of this initiative, saying, “So much is sacrificed by those who serve. The vow our service members take to protect our freedom above all else is the most sacred vow. “The risks these Americans take should never be taken for granted and should always be honored. We must do our part,” Sher added. The salute of the month For the October Salute of the Month, the initiative honored the mother and stepfather of fallen U.S. Marine Corps Lance Corporal David Lee Espinoza. As part of the initiative, the family chose to donate the $2,500 to the Gary Sinise Foundation, which gives aid to those wounded in combat, on behalf of Espinoza. Espinoza was one of 13 U.S. servicemen and women killed on August 26, when a suicide bomber detonated an explosive device at the Kabul International Airport. In an interview with Espinoza’s mother, Elizabeth Holguin, and his stepfather, Victor Dominguez, for NFM TV, a media division of NFM Lending, Holguin expressed that her level of anxiety was elevated leading up to the day of the bombings. “When he was in Jordan, of course, I was worried. Like any deployment, as a mother, you worry. But he would FaceTime over there and he would say it was very calm. So I learned how to live with it. But once he moved to Afghanistan for that week, we were just counting the days for August 31 when they were all coming back,” Holguin said. During the interview, Holguin honored the memory of her son, sharing her son’s passion for the military. “He made me so proud, always did. He’s my American hero. He was doing what he loved so I can’t be prouder than that,” she said. “He loved it, he embraced [being a Marine]. You know what he did, and so as parents, we couldn’t be prouder of him,” Dominguez said. “I know the situation that happened is not what you would expect as a parent, but knowing he lived and did what he loved, that means a lot to us.” Espinoza was posthumously awarded the Purple Heart, Combat Action Ribbon, Afghanistan Campaign Medal, Sea Service Deployment Ribbon, and Global War on Terrorism Service Medal. The impact According to Sher, the families are not the only ones impacted by the salutes but so is the NFM Lending staff. “Probably the biggest surprise around the salutes is just how many of our employees have a close connection to service members,” he said. It fosters a “common admiration and interest that shows up in various ways, like when employees nominate salutes and volunteer to go to the airport to welcome back plane loads of troops and hand out goodie bags,” he said. In addition to the NFM Salute, NFM Lending has been sending troop boxes overseas to soldiers for 13 years. Each box is filled with snacks and non-perishable foods, with the money for the contents donated by the company’s employees. “We never once in 13 years across multiple initiatives have asked for any business or tied the two together in any way.” Sher continued. “Yes, we are a mortgage lender, and we do veteran loans, but we’re grateful Americans first.” When asked which salute stood out the most, he recalled the February 2020 NFM Salute. That month featured fallen Army Sgt. Eric Houck, who was killed in Afghanistan in 2017 when Houck and two fellow soldiers were gunned down by an insider attack in Afghanistan. Houck’s family also choose to donate the $2,500 to the Gary Sinise Foundation on his behalf. Prior to the interview with NFM TV, Eric Houck’s father, Mike Houck, went to meet Sher and his team at the NFM headquarters. “When Mike was taking the tour of our building, many of our employees rose up out of their chairs…some applauded, while several others embraced him,” said Sher. “We all cried together. It was one of the most pure displays of compassion you’ll ever see.” Discussing why his son chose to join the army, Mike Houck stated, “He could probably have achieved anything he wanted to, but he felt this was his way to take care of his family.” “Sometimes I honestly still feel like we are alone, but when people like you and your organization decide to honor Eric, that makes me feel like we’re not alone. I don’t want to say that it’s upsetting, but people can just go through their normal day,” Lisa Houck said during the interview with NFM TV. “It’s hard to go through our normal day because it’s a loss, it’s a heartache that will never heal. You try to find things that make you happy and it’s really hard to because you’re just missing such a love that was a part of you. It will never heal…but Eric’s alive in us, because we have him in our heart.” Houck posthumously earned the Bronze Star Medal, Purple Heart, Combat Action Badge, and Army Commendation Medal with a second oak leaf cluster for his end-of-tour awards. Reflecting on the impact of the NFM Salute, Sher said, “We have worked very hard to make sure the stories we share are impactful to our audience and to those we honor.” “The biggest impact we’ve made is on the families who have lost their loved ones while serving,” he said. “They tell us there’s a certain peace that comes with being able to share the

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Gunman in Texas synagogue standoff was thrown out of a local mosque for erratic behavior days before taking hostages – CNN

[ad_1] Gunman in Texas synagogue standoff was thrown out of a local mosque for erratic behavior days before taking hostages  CNN Texas synagogue hostage suspect was banned from UK court over ‘threatening’ 9/11 outburst: report  Fox News Biden speaks on gun control after gunman took hostages in a Texas synagogue  Los Angeles Times British Teens Arrested for Connections to Texas Synagogue Gunman  San Angelo LIVE! Why was the Dallas synagogue terrorist allowed into the US?  New York Post View Full Coverage on Google News [ad_2]

Gunman in Texas synagogue standoff was thrown out of a local mosque for erratic behavior days before taking hostages – CNN Read More »

Do I Need a Financial Advisor?

[ad_1] The post Do I Need a Financial Advisor? appeared first on Millennial Money. You might need a financial advisor if you’ve got a healthy chunk of money to invest, want a solid retirement plan, need tax help or would like guidance on how to manage your finances in the best possible way.  Personal finance encompasses a lot of money topics. If you’re just starting out, it can be difficult to know where to begin. That’s where personal financial advisors can really shine. Whether it’s learning how to build wealth or getting tax advice, a fiscal expert can set you up for a healthy retirement and even help you out of some sticky situations.  The main dilemma is deciding when to reach out for expert advice. In this article, we’ll be covering that, plus a whole lot more.  What Is a Financial Advisor?  A financial professional is typically someone who can help you with anything related to your finances and how to manage your money.  This guidance includes:  Evaluating your spending habits Determining how much you should be saving Filing complicated tax returns Forming a successful debt payoff plan Creating good investment strategies Making sure you have a solid retirement plan By definition, “financial advisor” is an umbrella term for a huge variety of experts. You’ll need to specify what type of help you need in order to find the correct money advisor.    Common financial advisor specialties include: Certified Financial Planner (CFP): An expert who helps with most of your money management needs. To become a CFP, you must pass exams, have several years of experience, and abide by strict ethical standards.  Certified Public Accountant (CPA): A tax expert who can help you file complicated tax returns and recommend ways to lower your taxes. Some assist with business bookkeeping as well.  Investment Advisor Representative (IAR): An investment expert who can help with investing for wealth building and retirement planning.  What Does a Financial Advisor Do?  A financial advisor will give you sound advice based on your unique financial situation. The exact services provided will depend on what type of specialty they have.  In general, an advisor will ask questions to gather specifics about your financial situation. Be prepared to share your income, expenses, how you budget, what your savings and retirement goals are, etc.  Depending on what you need and the help you’re looking for, financial planners can draw up a customized game plan to get you where you’d like to be in terms of your money health. When Do I Need a Financial Advisor?  This is the million-dollar question. Many people wonder if they have to be rich or ready to invest a ton of money before hiring a financial advisor.  The answer is yes — and no.  Although you don’t have to be rich for a CFP (certified financial planner) to work with you, be aware that they can be costly. In another section of this article, we’ll break down the average fees. If you need an investment specialist, hiring one makes sense only if you have a decent chunk of money to invest.  That’s because their fee is usually a percentage of the money they’ll be managing for you. If you’ve got only $1,000, it’s probably not the time to hire someone. Their fee won’t even pay for their gas. On the other hand, some specialists are worth their weight in gold and can work with most budgets.  Why You May Not Need a Financial Advisor You may be fairly experienced with money matters — or at least willing to learn the ins and outs of more complicated topics. If so, you may not need a financial advisor.  There’s no set rule about anyone “needing” an expert to weigh in on their finances.  The decision is ultimately yours to make. After weighing the benefits of hiring help and evaluating your confidence level in money management, you may not feel the need for expert advice right now.  However, if you find yourself accumulating wealth (and we hope you do!) or losing money in the stock market, you can always change your mind.  And whether you decide to hire an advisor or not, it’s worth educating yourself about your money. We’ve put together a new course, Financial Freedom in Uncertain Times, that can help you prepare yourself for the future. When you sign up, you’ll receive detailed lessons, exercises, and interviews to get you ready for whatever comes next. Financial Freedom in Uncertain Times How to Achieve Financial Independence and Freedom as Fast as Possible… Even if You’re Starting with Just $2.26 in Your Bank Account. Get the exact step-by-step process tens of thousands of people around the world are using to achieve financial freedom and live the life they actually want. 8-Module Online Course 50+ Exclusive Videos Wealth-Building Frameworks Time-Saving Tools & Calculators New Lessons Ongoing Access & Updates Join the Waitlist What Type of Financial Advisor Do I Need?  Financial advisors come in nearly every variety. The expertise that’s right for you will relate directly to the part of your finances that needs the most guidance.  Are you trying to plan for retirement? You’ll want a retirement advisor.  Have taxes got you stumped, or are you trying to find more tax breaks? A Certified Public Accountant will know exactly how to assist.   Do you need budgeting help or guidance for important financial decisions? You may do well with a financial counselor.  Will you be investing money in the stock market or a mutual fund to grow wealth? An investment advisor representative could be the perfect fit.   With more than 100 different types of credentials, choosing an expert for help isn’t always easy. The type of advisor you choose will depend on a few primary things: The specific financial area you need help with How much money you have to invest What you can afford to pay for an advisor    How Much Does a Personal Financial Advisor Cost? The cost of hiring a financial advisor depends on which

Do I Need a Financial Advisor? Read More »

Up to 45% Off Gnomes Clothing, Decor, and Collectibles! (SO cute!!)

[ad_1] If you or someone you know loves gnomes, don’t miss this fun sale! Zulily is running a sale to get up to 45% off Gnomes clothing, decor, and collectibles right now! There are so many fun & unique items to choose from! These would make great gifts for anyone who is into the popular gnomes fad right now! Shipping starts at $5.99. But if you place one order today, the rest of your orders will ship for FREE through 11:59 p.m. PT tonight! [ad_2] Source link

Up to 45% Off Gnomes Clothing, Decor, and Collectibles! (SO cute!!) Read More »

Holding of shareholders’, creditors’ meeting: NCLAT sets aside NCLT order dismissing Ericsson India’s plea

[ad_1] The National Company Law Appellate Tribunal (NCLAT) on Tuesday set aside the September 23, 2021 order of the National Company Law Tribunal (NCLT) that dismissed Ericsson India’s plea to dispense with the holding of a shareholders’ and creditors’ meeting, in relation to the scheme of amalgamation with a subsidiary firm.The scheme of amalgamation between Ericsson India Pvt Ltd (transferor company) and Ericsson India Global Services Pvt Ltd (transferee company) was to take place from the appointed date of April 1, 2021. While dismissing Ericsson’s plea, the NCLT had said, “in our view approval of the unsecured creditors of both the applicant companies is needed and cannot be evaded. Hence, it would be wrong to say that no prejudice can ever be caused to any of the creditors if the scheme is approved without obtaining their explicit consent”. During the course of the argument in the NCLAT, appellant companies said dispensation has been granted by this tribunal (NCLAT) in several cases where the case is of a merger of a wholly-owned subsidiary and parent company, as is in the present case and where net worth of both companies was highly positive, unsecured creditors are paid off in the ordinary course of business, and the scheme is not pre-judicial to their interest as their liability is not proposed to be reduced or extinguished. The two-member NCLAT bench, in its Tuesday order, said, “We are of the considered view that as the merger is of a wholly owned subsidiary company into its holding company, no shares would be allotted as consideration pursuant to the merger; the proposed scheme will not result in any dilution in the shareholding of the shareholders of the ‘transferee company’, the net worth of the ‘transferee company’ is positive”.“Hence, this appeal is allowed and the impugned order dated September 23, 2021 is set aside,” it said. [ad_2] Source link

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