Gold FoFs are mutual fund schemes that invest in Gold ETFs rather than buying physical gold directly. When an investor puts money into a Gold FoF, the fund manager uses that money to purchase units of a Gold ETF which invests in physical gold. As a result, a Gold FoF’s value generally moves in line with gold prices.
India’s IPO market will stay busy next week, with 5 issues on investors’ watchlist across mainboard and SME segments. Grey market trends show strong interest in select names, with Millworks Technologies commanding the highest GMP, indicating possible listing gains of nearly 118%. Among the five IPOs, SBI MF, Alpine Textiles and Millworks will launch their…
India’s wealth landscape is undergoing a structural transformation, with the next wave of millionaires emerging from Tier II and Tier III cities, alongside the rapid rise of family offices and growing global diversification among affluent investors. As wealth creation accelerates beyond the metros, client expectations are also evolving, driven by technology, AI-powered insights and demand…
Becoming a loan guarantor for a friend, relative, or someone you know can seem like a generous act of support and affection. Still, in legal terms, it can have its own set of complications, as it can directly affect your future borrowing ability. This is because the guarantee you take can affect how lending institutions…
An association representing officers of the Employees’ Provident Fund Organisation (EPFO) has written to Union Labour and Employment Minister Mansukh Mandaviya, raising concerns over delays in provident fund claim settlements, shortage of IT personnel and staffing gaps, while seeking policy intervention to improve the functioning of the retirement fund body. According to a letter dated…
Galaxy Surfactants shares hit a 20% upper circuit at Rs 2,505.60 on the BSE on Friday after the home and personal care specialty chemicals maker reported a strong Q1FY27 performance, with record quarterly operational earnings and more than doubling of net profit. The company reported a consolidated net profit of Rs 165.9 crore for the…
PPF vs SIP: Public Provident Fund (PPF) is an investment product, while a Systematic Investment Plan (SIP) is a method of investing, typically used for mutual funds. Before choosing, ask yourself these three questions: What is your long-term investment goal? When will the money be needed? How much risk are you willing to take? PPF…