Investors of fixed deposits (FDs) have been in a sweet spot for a few years now. The interest rates of FDs had gone up and small finance banks (SFBs) were offering 9% to 9.5%, which in many cases were more attractive than the offerings of public and private sector banks. …

Union Mutual Fund has filed a draft document with Sebi for a multi-asset allocation fund. Union Multi Asset Allocation Fund will be an open-ended scheme, investing in equity, debt, gold and/or silver. The investment objective of the scheme will be to generate long-term capital appreciation by investing in a diversified …

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May 29, 2024, 05:49:45 PM IST Bank-based mutual funds gave an average return of 5.43% in 2024 so far. There were 18 schemes in the category in the period, according to the data by ACE MF. IANS 2/7 Two schemes offer double-digit returns ​Two schemes have offered double-digit return in …

The State Bank of India (SBI) revised fixed deposit interest rate on retail and bulk term deposits. The new FD rates are effective from May 15, 2024, as stated on the SBI website. SBI Sarvottam term deposits were launched last year. Depositors will receive better interest rates than conventional fixed …

Radhika Gupta, CEO of Edelweiss Mutual Fund was recently seen offering investment advice to the staff associated with Shark Tank India. She advised the staff to start investing in mutual funds and should follow SIP mode of investment. She posted a video on her X account and wrote, “Can’t take …

Now, the health and general insurance companies have to mandatorily provide coverage during the grace period if the premium of the health insurance is paid in instalments — monthly, quarterly, half-yearly, or annually. Policyholders of the insurance companies usually get a grace period to pay their health insurance premiums. The …

The month-on-month SIP contribution by mutual fund investors has grown over two times in Narendra Modi’s second term as PM from Rs 8,183 crore in May 2019 to Rs 20,371 crore in April 2024 (last available data for comparison), an analysis by ETMutualFunds showed. The number of SIP accounts has …

You have been at the hospital for a couple of days and now that you are fit, you crave the comfort of home. The doctor comes on a round in the afternoon and declares you fit for the discharge. You pack your bags as you will finally be able to …

Index funds have been gaining significant traction in the investment world, thanks in part to endorsements from renowned investors like Warren Buffett. The combined Asset Under Management (AUM) of index funds, Gold ETFs, other ETFs and Fund of Funds rose over 30% to Rs 9.6 lakh crore at the end …