Sovereign Gold Bonds Scheme is an indirect way of investing in Gold. Instead of buying physical gold, investors can buy gold in paper form through Sovereign Gold Bonds. These bonds track the price of gold, plus an extra interest amount is paid on the investment. The Reserve Bank of India, in consultation with the Government of […]
Archives for October 2017
Mutual Fund Schemes Categorization and Rationalization – Types of MF Schemes | SEBI’s Latest Guidelines
We have more than 14,000 Mutual Fund Schemes that are currently available in the market (Equity & Debt Schemes as on Sep, 2017). The Mutual funds are broadly classified as Equity based mutual funds and Debt oriented mutual fund schemes. Equity funds are further classified into different categories like Large-cap, Mid-cap, Small-cap, Multi-cap, ELSS (Tax saving), […]
What is Peer to Peer Lending? How does it work? | RBI’s latest Guidelines on P2P Lending Platforms
As per the latest RBI’s report, the total outstanding amount of un-secured loans (personal loans) given by the formal banking sector is around Rs 16,200 billion. That’s a huge amount! But, we all know that a majority of us (Indians) also rely on our friends, family members, acquaintances, money lenders, Chit funds and business associates […]
