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...
Bank of Maharashtra has cut the 0.15% loan interest rates. Taking a loan from Bank of Maharashtra has become cheaper now. Bank of Maharashtra has reduced the repo rate linked loan interest rate (RLLR) by 15 basis points. After this deduction, the interest rate has now come down from 7.05% to 6.90%. The new rates come into effect from November 7, 2020. Earlier, Canara Bank and Kotak Mahindra Bank have also cut interest rates this month. Bank of Maharashtra's executive director Mr Hemant Tamta said after the deduction that this deduction has made our home loan, education loan, car loan, gold loan, and personal loan as well as MSME loan more attractive and cheap. Earlier, due to the Diwali festival season, the bank had waived processing charges on home, auto and gold loans. Canara Bank also cut the loan interest rates, even before that the bank had cut the loan interest rates in the month of September. Bank of Maharashtra had cut MCLR by 0.10% for select period...