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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...

What is the MSP (Minimum Support Price)?

  MSP (Minimum Support Price) is the minimum price guarantee for agricultural produce in India. The MSP is announced by the Government of India at the beginning of the sowing season for certain crops, to provide a guarantee to the farmers that no matter how much food grains are produced in the country, farmers will get a fixed price for their crop. Thus, the MSP motivates farmers to harvest more crops.   How many crops are declared MSP (Minimum Support Price)?   The minimum support price for 22 crops are declared by the 'Department of Agriculture and Cooperation, Government of India' on the recommendations of the Agricultural Costs and Prices Commission (CACP) in India. Of these 22 crops, there are 6 rabi crops, 14 kharif season crops, and two other commercial crops. Their description is as follows; Cereals (7), wheat, paddy, millet, barley, jowar, ragi and maize; While 5 crops of pulses are as follows; There are 8 crops of arhar, gram, urad, moong, and lentils an...

What is the difference between “Brent crude” oil and “WTI Brent” oil benchmark?

  Crude oil is the biggest medium to keep all kinds of production activities going on all over the world. Around 924 million barrels of crude oil are consumed daily worldwide. India consumes about 3.5 million barrels of crude oil every day and India imports 83% of it. The crude oil that is imported into India is Brent crude, as India imports oil mainly from Gulf countries where Brent is the benchmark of crude oil. Before proceeding, it is necessary to know what this crude oil is.   What is crude oil?   The history of crude oil is about 300 million years old. The crude oil found naturally is called crude oil. Crude oil is a dark coloured liquid, that is, it is a kind of dark hydrocarbon substance that is found in the world, inside the land and the sea. This crude oil is extruded and machined, which contains petrol, diesel, kerosene, natural gas, lubricant and Vaseline etc. At least 20 gallons of gasoline is cultivated to make one barrel of oil. Crude oil is measure...

If there is a long-term investment approach, then invest in a large cap fund

  If you want to invest for the long term, then you should choose the large-cap scheme of mutual funds. This is because it is a good scheme to prepare a portfolio that gives consistent returns. This scheme of many mutual funds has given better returns.   Such funds mainly invest in large-cap stocks or companies whose market capitalization is more than Rs 20 thousand crores. Large-cap stocks have a good track record in the market. They are strong management, have good corporate governance and also pay regular dividends.   According to analysts, large-cap funds are an ideal investment option for first-time investors, or for those who want to take less risk. Large-cap funds bring stability to the portfolio. These funds invest in stocks of companies that are well established and have been in business for many years. Because of this, investment in these companies provides a stable and consistent return.   These companies experience both rapid and slowdown mark...

What is a Mini Bank or Customer Service Point or Kiosk Banking?

  This is the best way to provide banking access to people in rural areas and to provide employment to the educated youth of rural areas. A good way of earning is to open a mini bank. For this, you will have to contact that bank directly. There are two ways you can earn by opening a mini bank. One is that you will get a fixed salary from the bank with which you will join, after which you will get a commission on whatever banking services are given to the customer through you. In such a situation, you can easily earn 25-30 thousand rupees every month.   Kiosk banking is the central idea of the Reserve Bank of India. It has been started for people living in villages or other remote areas who are not able to get banking services due to non-receipt of a bank branch in their neighbourhood. In such a system, the person does not need to go to the bank to get banking services. SBI Kiosk is the largest among the major banks offering Kiosk Banking.   What is a Mini Bank or ...

Who is "Bank Mitra" and how does it work.

  Pradhan Mantri Jan Dhan Yojana was launched by Indian Prime Minister Shri Narendra Modi on August 28, 2014. Its main objective was to provide financial inclusion in India i.e. to provide banking facility to every citizen of India. To give further impetus to this work, the government has selected a person named Bank Mitra (Business Correspondent) for the rural area to help the rural people. This person will help the people of rural areas in works like withdrawing money, depositing, opening accounts, making drafts, and also taking a commission from the bank in exchange for their services. In this way, a lot of money is being earned by many youths by becoming Bank Mitra.   Who is a Bank Mitra?   It is a person who goes to rural places and helps the people of the village in banking operations, instead of which he gets commission from banks. In this way, this person can earn from 25000 rupees to 30000 rupees every month. The Ministry of Finance started making Bank Mi...

UTI AMC Ltd IPO - Initial Public Offer Details

  UTI AMC Ltd IPO - Initial Public Offer Details   UTI Asset Management Company will offer its IPO for subscription on 29 September 2020. The company plans to raise 3,000 crore through this issue. The public issue will see the sale of 3,89,87,081 equity shares by State Bank of India, Life Insurance Corporation of India (LIC), Punjab National Bank, Bank of Baroda and T Rowe Price International. UTI Asset Management Company had fixed the price band for its IPO on September 24, 2020 at Rs 552-554 per share.   UTI AMC Ltd IPO Details     IPO Open Date September 29, 2020 IPO Close Date October 1, 2020 Issue Type Book Built Issue IPO Issue Size 38,987,081 Equity Shares of 10 rupee (aggregating up to 2,159.88 Cr rupee) Face Value 10 rupee per equity share IPO Price 552 to 554 rupees per equity share Market Lot size...

Identify a fake note of two thousand rupees in this way

  In order to protect the common people from cheating 2000 fake currency, in this article, we are talking about the features of 2000 note that can be identified by looking at fake notes.   Some of the features of the original 2000 notes are as follows. Also read:  How to differentiate between genuine and fake currency notes? 1. The security thread (fake thread) in a fake note is thick and rough and is not even clear print.   2. In the fake 2000 note, the rupee mark is thicker than the real one.   3. A fake 2000 rupee note is printed with a high-quality laser printer, so the colour of the original note is more bright.   4. Braille mark (ridges) made in the real note can be felt by touching, whereas in a fake note they do not feel the bulge. Meaning it is not printed properly.   5. Latent image, when looking at the brown box made in the note diagonally, it shows a shape of 2000, whereas this figure is not seen in the fake note. ...