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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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Murali Ramakrishnan to be MD & CEO of South Indian Bank

Murali Ramakrishnan to be MD & CEO of South Indian Bank

 

The private sector South Indian Bank stated on September 3, 2020, that the Reserve Bank of India (RBI) has given its approval to appoint Murali Ramakrishnan as Managing Director (MD) and Chief Executive Officer (CEO) of the bank. His appointment will be effective from October 1. Ramakrishnan retired from ICICI Bank on 30 May 2020 as Senior General Manager (Strategic Project Group). He became Advisor to South Indian Bank on 1 July 2020.

 

Kerala-based South Indian Bank told the stock market that RBI has approved the appointment of Murali Ramakrishnan as managing director and CEO of the bank for three years from October 1, 2020.

 

Public sector Indian Bank cut the Fund's Marginal Cost Based Interest Rate (MCLR) by 0.05 per cent for loans linked to a period of one year. In a notification to the stock market, Indian Bank said that the bank has reduced MCLR by 0.05 per cent to 7.30 per cent for all loans for a period of one year. The new rate will be effective from September 3, 2020.

 

Most consumer loans such as personal, auto and home loans were linked to the one-year MCLR before the repo based interest rate was introduced. Now all new retail loans (housing, education, vehicles), loans to MSMEs are related to repo based interest rate.


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