Imagine you love different types of candies and want a bit of everything without spending too much on each kind. So, you decide to buy a ‘Candy Mix’ bag. This bag contains a variety of candies like chocolates, gummies, polos and many more. So, instead of purchasing each candy separately, you get them all in one bag.An Exchange Traded Fund (ETF) is like that ‘Candy Mix’ bag, but it contains equities or bonds that track an underlying index.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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