Axis Mutual Fund has revealed the successful accumulation of more than ₹3,400 crores in the Axis India Manufacturing Fund. This thematic fund was introduced to deliver long-term capital appreciation through investments in equity and equity-related securities of companies aligned with the manufacturing theme. From December 01 to December 15, 2023, this new fund offer (NFO) […]
There are more than 19 million crypto investors in India, out of which, 9 percent belong to the fairer sex. The year 2023 was reasonably positive for the overall industry with Bitcoin reporting a massive spike of more than 160 percent. Other tokens such as Ethereum, Solana, Dogecoin and Cardano also were in the green, […]
Subscription for the third tranche of Sovereign Gold Bond scheme’s (SGB 2023-24 Series III) will end today evening. The third tranche opened for subscription on December 18. The Reserve Bank of India (RBI) has fixed the issue price for the latest lot of gold bonds at ₹6,199 per gram. The Sovereign Gold Bond scheme presents […]
Contributions to the National Pension System (NPS) by investors can be made through a Quick Response (QR) code based on D-remit, as reported by Business Today. Subscribers can utilise any UPI-enabled app to contribute by scanning their QR codes. These personalised QR codes, specific to tier I and II accounts, can be saved offline for convenient […]
Nine personal finance rules that everyone should follow right from today to take control of their money and become rich. The ‘Rule of 72’ gives you an estimate of the number of years it will take to double your money in a particular investment tool. You need to divide the rate of returns by 72 […]
By no means, it was an aberration. Interestingly, in each of the past five months starting July 2023, the previous record of SIP inflows in mutual funds was broken in the following month. Overall, SIP inflows in mutual funds reached ₹1,66,131 crore in the first 11 months of 2023 ending Nov 30, thus reporting an […]
Investing in the right fund or product by itself doesn’t assure wealth creation. Smart investors rely on process and discipline. This process is reviewed and repeated for multiple years. The choices we make daily may not matter today, but they do so in the long term. If we give a blank slate to different investors […]
Throughout periods of economic turbulence, gold has consistently demonstrated its value as a significant investment, owing to its extensive historical track record. During market fluctuations and economic uncertainty, investors commonly gravitate towards safe-haven assets such as gold, anticipating the preservation or potential appreciation of value. This heightened demand results in price increases. The ongoing rise […]
Buying your own abode is a goal most of us aim to accomplish. Staying in a rented house can never give you the sense of pleasure that your own property can. But before you set out to buy a property, there are certain things to be careful about. What if you have the resources to […]
Before embarking on your investment journey, aiming to strike the right balance between risk and returns is nothing short of imperative. Higher the risk an investment carries, higher the reward. Vice versa is also true. In other words, mutual funds which carry lower risk for investors give predictably lower returns. Most of these mutual funds […]