Investors whose KYC records have been successfully verified using the accepted OVDs, coupled with confirmed mobile numbers and email addresses, are exempt from undergoing this verification process.
Corporate bonds, banking PSU, and short-term funds can be looked at for five-year moderate risk investment, says Jajoo of Mirae Asset Investment Managers.
NPS investment: PFRDA said: “This advisory is in addition to the Cybersecurity and other related guidelines issued by MHA/MEITY and Cert-In and in no way reduces the liability of the officer for any omission or commission in the discharge of their duties.”
SGBs: The SGB redemption price is calculated on the simple average of the closing gold price of 999 purity of the previous three business days from the date of redemption as published by the India Bullion and Jewellers Association (IBJA).
The central bank has announced that the final redemption price has been set at Rs 6,601 per unit, reflecting the simple average closing price of gold for the week of March 18-March 22, 2024.
From now, Axis Bank's NRI clients can invest in US dollar fixed deposits at GIFT City through 'Open by Axis Bank,' the mobile banking application offered by the lender.
The survey found that 95% of respondents show interest in investing in at least one asset class. Of this, 61.9% preferred investing their money in listed equities over gold (54.3%) and real estate (41%).
Chasing returns by investing in assets like crypto, or any other difficult-to-understand, speculative, complicated products, would be a mistake, said an expert.
Zerodha noted that from April 2023 to January 2024, a total amount of Rs 17.55 lakh crore was invested in fixed deposits, vis-a-vis, Rs 3.96 lakh crore in mutual funds and Rs 2.27 lakh crore in small savings funds.
Using future salary appraisals to channel incremental savings into equity-oriented mutual fund schemes through SIPs makes financial sense, expediting your progress towards your monetary objectives
Zerodha Fund House CEO Vishal Jain believes the Indian market is heavily underpenetrated when it comes to mutual funds and there's a big opportunity for fund houses to make a foray.
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