With markets at a new high, valuations elevated, and corporate earnings yet to catch up, wealth managers believe it is very important that first-time retail investors choose the right category of mutual funds. Instead of opting for plain-vanilla equity funds, they recommend equity savings funds as a starting point. These funds have 20-40% allocation to equity with the balance in arbitrage and debt products, and can cushion investors against a sharp fall in the markets. This category is taxed lik ..
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
Read More