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...
The initial public offering (IPO) of State Bank of India Card (SBI Card) is also seen as a shadow of coronavirus. SBI Cards' IPO was subscribed nearly 27 times. A bumper listing of the stock was expected. But on the Bombay Stock Exchange, the IPO closed with a fall of around 13 per cent. Also read: SBI Cards IPO - Initial Public Offer Detail State Bank of India stocks with a price band of Rs 775 was listed on the BSE at a price of Rs 658. At the same time, it was also listed on the National Stock Exchange at a discount of Rs 661. While experts had expected around 50 per cent listing gain. It is known that till the last day of bidding, the IPO of SBI Card received bids up to 26.5 times. The company had hoped to raise Rs 9,000 to 10,000 crore from this IPO. The bidding process of the IPO closed on March 5 after it opened on March 2nd. SBI Cards & Payment Services had fixed a price band of Rs 750-755 per equity share for the IPO. The face value of o...