Minimum investment size in the secondary market will be as low as 1 gm. Reference price for trading will be the gold with 0.999 purity and as published by IBJA.
In the last one year, Reliance Banking Fund exited stocks so did UTI Banking Fund and reduced its stake in SBI from 3.13 per cent to 1.88 per cent.
The frequency of withdrawal can customise the cash flows as desired; he can either withdraw a fixed amount or just the capital gains on his investments.
The fund's performance since launch has been good, with the returns beating both the benchmark and the category every year since its launch in 2008.
"Even with this drop in rates, these deposits pay about 100-125 basis points higher than banks," says Anup Bhaiya, MD and CEO, Money Honey Financial Services.
Core domestic plays like financials, industrials and consumer discretionary will benefit as capacity utilisation increases, consumer sentiment improves and growth revives
Investors are increasingly using mutual funds as an investment option, as retail investors’ accounts in mutual funds have steadily grown 27% to 4.77 crore from 3.95 crore.
Timing the market or deciding how much to allocate to debt or equity at any point of time is a difficult decision for most investors to make.
Company deposits of Shriram Transport Finance, Mahindra Finance which used to pay anywhere between 10 and 11% three years back, now pay between 8 and 9%.
With the markets exhibiting extreme volatility in the first four months of the year, Kotak Select Focus, a multicap fund could be an apt choice.
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