Personal Finance / Zee Biz
Mutual Fund SIP: Mutual fund (MF) gross inflows via SIP surpassed Rs 20,000 crore for the first time in a calendar month, with investors opening a record 6.4 million SIP accounts despite a jump in market volatility. Last month's (April's) account openings were about 50 per cent higher than March's registrations.
Mutual Fund SIP: Mutual fund (MF) gross inflows via SIP surpassed Rs 20,000 crore for the first time in a calendar month, with investors opening a record 6.4 million SIP accounts despite a jump in market volatility. Last month's (April's) account openings were about 50 per cent higher than March's registrations.
Investment options can be broadly classified into two main categories: Aggressive Assets and Fixed Income assets.
Some of the schemes where women can invest are National Pension System (NPS), Mahila Samman Savings Certificate (MSCC), Fixed Deposits (FDs), Sukanya Samriddhi Yojana (SSY), Mutual Funds, Public Provident Fund (PPF), etc.
They are increasingly looking towards fractional asset investing in a bid to diversify their investment portfolios.In its report titled 'Gripping the Boom: Millennial in Fractional Investing', Grip Invest revealed that two-third of all investors on its platform are millennials.At present, Grip Invest has more than 26,000 investors, who have used the platform at least once.
As per the Association of Mutual Funds in India's (AMFI) classification of mutual funds, the contra fund scheme follows a contrarian investment strategy with at least 65 per cent investment in equity stocks. In these funds, a fund manager picks underperforming stocks and sectors at low prices. The manager takes a contrarian view of investors who have shunned these stocks/sectors with the belief that they will recover in the future and, hence, will give high returns.
Akshay Tritiya 2024:It's essential to approach gold buying with careful consideration of your financial situation and investment goals.
Open ended debt fund net inflow was Rs 1.9 lakh crore, while open ended debt fund AUM saw a 16 per cent jump at Rs 14.6 lakh crore. Open ended equity fund net inflow for the April month stood at Rs 18,920 crore, while open ended equity fund net AUM rose by five per cent to Rs 24.7 lakh crore, as per AMFI data released on Thursday.
Notably, while inflation in the US has come off, the progress has stalled off late. On the other hand, the US economy has dodged a widely anticipated recession and continues to signal resilience.
SBI Car Loan EMI: Are you planning to buy a car, or have you ever thought about it? People often buy a car with on a loan. The longer is your loan duration, the more interest you pay on your EMI. Know here your EMI calculation for a 3-, 5- and 8-year SBI car loan.
Mutual Fund NFO: The very high risk retirement fund scheme's objective is to generate income and capital appreciation by investing in a diversified portfolio of equity and equity related instruments and fixed income instruments with a view to provide a retirement solution to investors.
Unlike mutual funds, where one buys and sells units based on the price of the net asset value (NAV), or unit, at the end of the day, ETFs can be bought and sold during market hours at the current market price. ETFs are similar to trading stocks, but they have a few advantages over stock trading. ETFs don't have lock-in periods; by investing in a variety of assets, they help you spread risk across multiple securities, granting exposure to a wide range of companies, including large caps.
SIP: Likewise, if you save Rs 100 a day and invest that money in a market-linked investment plan such as a mutual fund through the systematic investment plan (SIP), in the long-term, you can easily create a large retirement corpus. And that too, even if you get a 12 per cent annual return on your investments.
As digital payment platforms, PhonePe and Google Pay, continue to have a duopoly in the Unified Payments Interface (UPI) market, the deadline by the National Payments Corporation of India (NPCI) to implement a 30 per cent market share cap on UPI services providers inches closer. Will NPCI implement or extend the deadline?
Post Office Monthly Income Scheme Account (MIS),Atal Pension Yojana, Fixed Deposits, and the systematic withdrawal plan are some of the investment options that provide monthly pension to senior citizens.
Credit card use provides one with the facility to purchase a thing even if they don't have hard cash at that point in time. They can buy anything by making an entire payment or in instalments. Another important factor that has encouraged people to use credit cards is multiple promotional offers available on them.