Money
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Gold Rate Today: Gold Price Jumps in Major Indian Cities, Silver Sees Downtrend
Gold Rate Today in India, February 23, 2024: Gold prices rose across major Indian cities on Friday, February 23rd, defying the global trend. The average price of 10 grams of 24-carat gold touched Rs 62,730, while 22-carat gold hovered around Rs 57,500. This rise comes despite a consistent downward trend in the silver market, where prices dipped to Rs 74,500…
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Can You Get Rich with Crypto Mutual Funds? The Truth Behind the Hype
The meteoric rise of cryptocurrency has captured the imagination of investors worldwide. Bitcoin, Ethereum, and a plethora of altcoins promise revolutionary financial systems and potentially life-changing returns. But for many, directly navigating the complex and volatile crypto markets seems daunting. This is where cryptocurrency-focused mutual funds emerge as an intriguing option. They offer the chance to gain exposure to this…
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Mutual Fund Investing: SIP vs. Lump Sum – Choosing the Right Path for You
Investing in mutual funds offers the potential for long-term wealth creation and achieving financial goals. But when it comes to how you invest your money, two main options emerge: Systematic Investment Plans (SIPs) and lump sum investments. Each method boasts its own set of advantages and disadvantages, and the optimal choice ultimately depends on your individual circumstances and risk tolerance.…
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The Crucial Duo: Asset Allocation and Diversification in Mutual Funds
Investing in mutual funds can be a powerful tool for wealth creation, but navigating the vast ocean of options can be daunting. Two key strategies stand out as essential for navigating risk and achieving your financial goals: asset allocation and diversification. Asset Allocation: Setting the Course Think of asset allocation as your investment roadmap. It involves dividing your investment portfolio…
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Hubballi Joins the Glitter: Today’s Gold Rates Across Major Indian Cities
Todays Gold Price: Gold lovers, rejoice! Today, February 21st, 2024, sees glimmering possibilities across major Indian cities as gold prices hold steady. Whether you’re in Ahmedabad or Hyderabad, Kolkata or Gurugram, this article shines a light on the current prices for both 22k and 24k gold, per 10 grams: According to Kalyan Jewelers, the gold price in Hubballi is 57,600…
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Gold Rate in India Fluctuate Across Cities, Silver Sees Downturn
Gold Rate In India, Bangalore, February 20, 2024: Gold prices in India displayed variations across major cities on Tuesday, February 20th, with the average cost of 10 grams hovering around Rs 62,000. For 24-carat gold, the average price across cities stood at approximately Rs 62,680 per 10 grams, while 22-carat gold averaged Rs 57,460. Notably, the silver market presented a…
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How to Choose a Mutual Fund that Meets Your Goals?
The world of mutual funds can feel vast and overwhelming, like an endless ocean filled with countless options. But fear not, intrepid investor! This guide will equip you with the necessary tools to navigate these waters and choose the right mutual fund that aligns with your unique financial goals. Charting Your Course: Defining Your Goals The first step is understanding…
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Risk & Return in Mutual Funds: A Beginner’s Guide to Informed Investing
Investing in mutual funds can be an exciting avenue to grow your wealth and achieve your financial goals. But like any voyage, it’s essential to understand the potential risks and rewards before setting sail. This article aims to be your compass, guiding you through the waters of risk and return in mutual funds. Risk: Where Adventure Begins (or Ends) No…
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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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