Friday, December 9, 2016

How to become Mutual Fund Distributor in India

Following are the requirements to become a financial advisor

  1. Obtain a valid certification from the National Institute of Securities Market(NISM) by passing their certification examination 'NISM Series V-A : Mutual Fund Distributors Certification Examination'
    • ARN Number issued by AMFI to the Individual,Senior Citizen,Partnership Firm or Company
    • ARN Certificate issued by AMFI to a person other than Individual

  2. Complete the Duly filled form of the respective Mutual fund houses with a Photograph(For a Company, photograph is not required)
    • PAN Number
    • A Self-Declaration form stating compliance of circulars issued by AMFI
    • In case of a firm or company, the additional document is required which clearly states that all their employees are AMFI / NISM qualified
    • A Bank Mandate

  3. Submit the duly filled form along with the self attested documents as mentioned below to the nearest Mutual Fund branch  

    Individiual / HUF
      1. ARN card copy (Self certified & attested by AMC Branch) (In case of Individual/HUF, the ARN should be in name of Individual/HUF, the name of Corporate or Bank should not appear on ARN card copy)
      2. PAN card copy (Self certified photocopy & Duly signed and stamped by the Branch)
      3. KYD acknowledgement
      4. Cancelled Cheque Copy of the a/c no. mentioned on  form.

Thursday, December 8, 2016

Lost your Insurance Bond/Letter - Here's what you have to do to get the Duplicate.


Before you proceed to get the duplicate insurance policy bond, thoroughly check your cup board.
Question yourself whether you really lost your document? Remember whether you have pledged it for some emergency money requirements, or given it to wife for safe keeping or you must have kept it in old brief case and forgot.

If you does not belong to any of these, then you are a candidate for applying for duplicate insurance policy bond.

If you are sure that, you lost your policy document, below are the steps you need to follow to get the duplicate of your policy document:

1. Contact your local branch of Insurance company and tell them you have lost or misplaced your bond and you have not pledged it.

2. They will tell the procedure to apply for duplicate insurance policy.

3. Please keep in mind that Insured person should approach the branch with Policy number.

4. Better to take what documents you have related to insurance like premium paid certificates/receipts.

Below is the common practice to get the duplicate insurance policy bond.

1. You need to give an Indemnity Bond with Surety from your relatives/friends. Ask the branch customer representative/ manager for the format of Indemnity bond ( See the sample Indemnity bond here or Search in Google) which you do print on the non judiciary stamp paper ( Mostly Rs.100) and get it notarized from any certified notary.
2. Make sure you have witnesses and Surety person sign the bond and surety letter.

Please note that, you must carry

 Policy number (prefer any policy premium receipts)

  •  ID proof
  •  Address proof
  •  One passport size photograph
  • Request letter

You can get your duplicate copy of your Insurance policy document / bond within 2-3 business working days or depend on the Insurance company timelines.

Before you take any decision, better call your Insurance customer care.

Monday, April 25, 2016

How to counter obesity and reduce fat using Ayurveda

  • Foods such as sweets, sweetened drinks, carbohydrate and oil rich foods increase kapha and medha (body fat) and must be avoided.
  • Consume more wheat products than rice products. Use green gram and horse gram to reduce kapha and medha.
  • Consume one teaspoon of black pepper powder, two teaspoons of honey with a glass of ‘weight-reducing’ herbal tea to aid weight loss.
  • Take one glass of water every hour from the time you get up to reduce belly fat.
  • Minimize your salt intake and milk based products such as ice-creams and butter.
  • Ayurvedic practitioners suggest that one must consume two fruits in the morning and one fruit every evening to reduce belly fat.
  • Use a lot of cinnamon, ginger, garlic, turmeric and pepper in your cooking.
  • Avoid the afternoon siesta to avoid slowing of basal metabolic rate and burn more calories.
  • Massage the belly with Ayucare lavanthailam, known to be effective in disintegrating stubborn belly fat. Wash it off after 15 minutes with warm water.
  • Take 15 ml of varadi, a tonic and mix it with 60 ml boiled and cooled water. Add honey and have a spoonful every morning and evening. Rest for 15 minutes after taking this.
  • Add one spoon of triphala chooran to water and boil it. Take it with honey after every meal.
  • Drink a glass of warm water when you get up. This is very effective for reducing belly fat.
  • Grind horse gram to a fine powder. Add it to heated sour buttermilk and apply this paste over the belly and massage vigorously in upward strokes. Horse gram is highly effective in reducing body fat. Bathe in warm water bath half an hour after the massage.
  • Abstain from non-vegetarian food as far as possible

  • Exercises such as swimming, walking, and jogging also contribute to weight loss along with the above mentioned ayurvedic remedies to reduce belly fat. 
  • Kaapal Bhathi pranayam is effective in reducing belly fat