Govt. announces Small Savings Interest rates for the quarter October to December 21
The interest rates of a basket of 12 Small Savings Scheme instruments remain unchanged for the sixth straight quarter. The Finance Ministry on Thursday announced that interest rates on small saving schemes for the 3rd quarter starting from October 1, 2021, and ending on December 1, 2021, shall remain unchanged from the current rates applicable…
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What exactly is a gold ETF and why do investors prefer it?
We may historically observe that there is an inverse relationship between the performance of the stock market and gold prices, especially during recessions and economic crises. When the stock market is crashing, the gold prices move upwards and vice versa. Gold hit an all-time high when the world was hit by Covid-19 and now trades…
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The difference between ETF and Index Funds explained
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.…
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The difference between Gold ETF and Sovereign Gold Bonds (SGBs) explained
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…
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AIBPARC appeals to CMD of National Insurance over the excessive hike of premium for Bank retirees’ medical insurance
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 sixth series of the Sovereign Gold Bonds opened on August 30, at Rs.4682
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…
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