SIP investments have doubled in the last 3 years: - Economic Survey….

There is a big sign of increasing interest of general investors in the Indian capital market. According to the recently released Economic Survey report and the Economic Times report, the average monthly investment amount made through Systematic Investment Plans (SIPs) has more than doubled in the last three years. This indicates that people's confidence in the future of the Indian economy is growing. According to the Economic Survey data:- Growth in investment: The average monthly systematic investment plan inflows has more than doubled in the last three years. While it was around ₹0.10 lakh crore in FY22, it has reached around ₹0.23 lakh crore in FY25 (as of December). Number of SIP accounts: The number of Systematic Investment Plan accounts in Mutual Funds in India has crossed 10 crore, indicating a major shift in the investment culture. Unique Investors: The number of unique Mutual Fund investors has increased from 2.9 crore to 5.6 crore in just 3 years. Mutual Fund Shareholding: Mutual Fund shareholding in listed Indian companies has also increased to a new record of 9.5% (as of September 2024).

 According to financial experts, there are many reasons behind this increase:- Healthy performance in the market: The healthy performance of the Indian stock market over the past few years has encouraged people to invest in mutual funds. Digital ease: Due to the use of digital platforms and technology, investors from all walks of life, including rural areas, can easily start SIPs. Financial literacy: Financial literacy about SIPs and mutual funds has increased among the common people. It is being considered as a good investment vehicle for small investors. Increase in confidence: Investors are more confident due to the strengthening of the country's macroeconomic fundamentals and good earnings of corporate companies.

 The increasing investment through SIP is not only important for individuals but also for the entire economy of the country. It helps in channelizing domestic savings towards capital formation, which further strengthens the economic growth of the country. India's capital market is now less dependent on foreign capital, which is a positive aspect for the country's financial stability. This report clearly shows that Indians are becoming more conscious towards creating long-term wealth and achieving financial independence.

Rules and procedure for name correction in Aadhaar card .

Aadhar card is the most important identity document for Indian citizens. However, due to various circumstances in life, #name change/correction is required. In this context, " Unique Identification Authority of India" has imposed some strict rules for name change. It is very important for citizens to know these rules well.

Name change rules:-

The main rules laid down by the " Unique Identification Authority of India" for updating name in Aadhaar card are given below:

1. Name Change # (Time Limit): An Aadhaar holder can update or change his/her name a maximum of two times in his/her lifetime. 

2. Name change process:

Currently, the name change process in Aadhaar is possible only offline. This means you have to visit your nearest Aadhaar Seva Kendra or Enrolment Centre. Complete Name Change: If someone wants to change their full name (i.e. legal name change), then it is mandatory to file an official " Gazette Notification" .

Required documents 

To change your name, you will need one of the following valid certificates, which must contain your name and photo.

Identity document:-

Passport, PAN card, Voter ID card, Driving license 

Marriage Certificate (with photo), Government Photo ID Card/Service Photo ID Card (issued by PSU), Gazette Notification (for change of full name)

How to apply?

Go to the service center with the required form and original documents. Submit the application form and documents to the officer present at the center. After the process is completed, keep the receipt with the Update Request Number (URN) . You can check the update status with the help of this number.

Aadhaar is an essential document. Therefore, it is important to check all the rules and required documents before making any changes. For more information, visit the official website of the "Unique Identification Authority of India" .