The basic idea in both the cases of ETF and Index Funds is to mirror the index and give returns that are closely aligned to the index returns. Let us now study how are they different? The ETF funds are more or less comparable to mutual funds in terms of their structure, regulation, and management.…
Both Gold ETF and Sovereign Gold Bonds (SGB) serve as alternate options to traditional investment in physical gold. Creation: Gold ETF units are created and backed by mutual funds. The physical gold acquired by the Fund is stored in vaults of custodian banks and works as the underlying from which the units derive value. The…
Today, the All India Bank Pensioners’ and Retirees’ Confederation (AIBPARC) wrote a letter to the CMD of National Insurance company Limited over an excessive hike of premium for Bank retirees’ medical insurance. The letter invited the attention of the Chairman of the insurance company that the NICL has been selected through the process of RFP…
The basic idea in both the cases of ETF and Index Funds is to mirror the index and give returns that are closely aligned to the index returns. Let us now study how are they different? The ETF funds are more or less comparable to mutual funds in terms of their structure, regulation, and management.…
RBI announces the issue of the sixth series of the Sovereign Gold Bonds (SGBs) scheme 2021-22. The subscription for gold bonds opens for the public from August 30, 2021, and will close on September 03. 2021. The issue price per gram of gold is Rs.4,682 for those investors applying online and the payment against the…
With a view to enabling the old/sick/incapacitated account holders, the postal department has allowed senior citizens, differently disabled persons, and persons with physical infirmity to authorize a person to operate their post office accounts such as the Senior Citizens Savings Scheme (SCSS), Post Office time deposits, savings account, etc. Up till now, the above facility…
RBI announces issuance of Sovereign Gold Bond 2021-22 Series-V from August 9, 2021, to August 13, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding…
The Reserve Bank of India in its ‘Statement of Developmental and Regulatory Policies’ dated February 05, 2021 for improving ease of access by retail investors through online access to the government securities market – both primary and secondary – along with the facility to open their gilt securities account (‘Retail Direct’) with the RBI. The…
The government has decided to keep the interest rates for small savings schemes unchanged for the July-September quarter, the fifth in a row. The last revision in small savings rates was for April-June 2020. This was announced by the finance ministry via a circular dated June 30, 2021. Thus, the interest in the small savings…
The Ministry of Labour and Employment on Sunday announced additional benefits for workers through social securities schemes run by the EPFO and the ESIC amid the COVID-19 pandemic. “The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about well…