Investing
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Mutual Funds Explained: Your Guide to Investing Smarter
Imagine effortlessly owning a slice of the world’s most successful companies, from tech giants to established blue-chips. Picture diversifying your investments across entire sectors with a single click. Now, envision achieving all this without becoming a seasoned Wall Street trader. It’s not a dream, it’s the reality of mutual funds. These financial powerhouses pool your money with thousands of others,…
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Within the same fund house, is it permissible to directly switch investments from an ELSS (Equity Linked Savings Scheme) to a non-tax-saving fund, considering the lock-in period and SEBI regulations?
Unfortunately, switching directly from an ELSS (Equity Linked Savings Scheme) to a non-tax-saving fund within the same fund house is not possible due to the following reasons: Lock-in Period: ELSS funds come with a mandatory lock-in period of 3 years from the date of investment. This means you cannot redeem your units or switch them to another fund before the lock-in…
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Is the SBI Energy Opportunities Fund Right for You? Key Features and Considerations
Mumbai, February 19, 2024: SBI Mutual Fund has announced the launch of its SBI Energy Opportunities Fund, a new open-ended equity scheme focusing on the Indian energy sector. The fund opened for subscription on February 6, 2024, and will remain open until February 20, 2024. The SBI Energy Opportunities Fund aims to provide investors with long-term capital appreciation by investing…
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Silver Climbs in India, Gold Prices See City-Wise Variations
Gold prices fluctuate across cities in India on February 19, 2024, but the average price for 10 grams hovers around ₹62,670. 10 grams of 24-carat gold averages ₹62,670, while 22-carat gold of the same quantity stands at ₹57,450. Silver continues its upward trend, priced at ₹76,000 per kilogram. City-wise details: Delhi: 10 grams of 22-carat gold: ₹57,600 10 grams of 24-carat gold: ₹62,820 Silver…
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How does moat investing work with Bajaj Finserv Large and Mid Cap Fund
In the complex world of financial markets, where investing strategies come and go, some stand the test of time, proving their resilience and effectiveness. One such strategy that has gained prominence is the moat investing approach. Bajaj Finserv Large and Mid Cap Fund has embraced this strategy, and here, we delve into the concept of moat investing and explore how…
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Bitcoin Breaks $50,000 Barrier on Anticipation of Interest Rate Cuts
Bitcoin surged past the $50,000 mark for the first time in over two years on Monday, propelled by investor optimism about potential interest rate cuts and the recent approval of U.S. exchange-traded funds (ETFs) tracking Bitcoin’s price. Currently trading at $50,196, Bitcoin has seen a 5.58% increase for the day and a 16.3% gain year-to-date. This milestone follows a failed…
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