The Union Budget 2023’s proposal to allow the conversion of physical gold into Electronic Gold Receipts is a significant move to promote electronic gold in the market. The Gold Exchange is a national platform for buying and selling Electronic Gold Receipt (EGR). It is a separate segment for exchange for underlying standardized gold. EGR is…
Updated and reposted on 14.06.2024 The master circular on Health Insurance products repeals 55 circulars issued earlier and is a significant stride towards reinforcing the empowerment of policyholders and bolstering inclusive health insurance, Irdai said in a statement. IRDAI has issued several new guidelines in 2024, making health insurance more inclusive for all. Important guidelines…
The government, on Friday, announced the interest rates for small savings schemes applicable for the quarter April 2024 to June 2024 quarter. All instruments of small savings schemes will continue to offer the same rate of interest as they did in January 2024 –April 2024. The rate of Interest chart for the quarter April 2024…
NFO is an acronym for New Fund Offer. An Asset Management Company (AMC) may launch a new Mutual Fund scheme offering subscriptions to the public. Such a new mutual fund offer is known as NFO. The AMC issues NFO shares to raise capital for purchasing securities. As per SEBI regulations, a new fund offering can…
Mutual funds are constituted as Trusts and are governed by the Indian Trusts Act, of 1882. The structure of mutual funds in India includes three tiers: sponsors, trustees, and asset management companies (AMCs). Sponsor: The sponsor acts as a promoter, who brings the initial capital for the mutual funds business akin to that of a…
Mutual funds are popular among large sections of retail investors because they offer investors the opportunity to diversify and therefore spread out their risk over several investments. Mutual funds are managed by full-time, professional fund managers who have the expertise, experience, and resources to actively buy, sell, and manage investments. But when we visit any…
India’s market regulator, SEBI, has asked money managers to restrict investments in small- and mid-cap stock mutual funds and reduce commissions. The move aims to curb surging inflows into these funds and address the extraordinary exuberance in small- and mid-cap stocks. SEBI wants small- and mid-cap funds to make additional risk disclosures to their investors.…
Mutual Funds are vehicles to mobilize money from multiple retail investors and invest the money pooled in various types of securities. The profit earned by these funds gives the investors the benefit of growth, wealth creation, stability, regular income, liquidity, or a mix of all. Mutual funds are not only providing growth to the capital…
Mutual funds are popular among large sections of retail investors because they offer investors the opportunity to diversify and therefore spread out their risk over several investments. Mutual funds are managed by full-time, professional fund managers who have the expertise, experience, and resources to actively buy, sell, and manage investments. A fund manager of Mutual…
Mutual Fund Schemes are not guaranteed or assured return products. Remember, past performance does not guarantee the future performance of any Mutual Fund Scheme. Different mutual fund categories are exposed to different kinds of risks depending on their investment objective and style. The level of risk associated with the principal amount invested in a mutual…