According to the Central Statistical Organization of India, the advance calculation of economic growth rate for 2006-2007 has already crossed the 9% mark. India has also secured the number one place globally as wealth creator – a position mainly contributed to by its dynamic stock market and handsome returns.
Looking to invest in Gold funds but don’t know too much about them? Here are some basic facts to get you started.
What are Gold funds?
Gold funds are similar to mutual funds except that they invest in gold instead of debt instruments or equity shares.
HDFC Mutual Fund has launched a new scheme, designed to cater to your long-term equity investment requirement.
NRI remittances may mean valuable foreign exchange for India, but for many households, it is a means of making two ends meet. Whether it’s a semi-skilled laborer in the Gulf or a software professional in Silicon Valley, every other NRI sends a part of his or her earning back home.
We invest to safeguard ourselves for a rainy day. If you’ve just started investing or want to start, then you could use this 7-step plan to become your own investment consultant!
Managing your investments becomes easy when you make it a habit to save, even if it’s very little money.
Under Schedule 5 of the FEMA (Transfer or Issue of security by a Person Resident Outside India) Regulations, 2000, an NRI/PIO is allowed to purchase units of domestic mutual funds without any limits on a repatriation basis [Clause 2(1)(i)]. Under Clause 2(1)(ii) of the same Schedule, he is also permitted to acquire such units on a non-repatriation basis, along with units of a money market mutual fund, without any limit.
After reading the book How Come That Idiot’s Rich and I’m Not? I’m totally committed to setting up my own business. One of the requirements for that is to have a business account with someone like Paypal, because its very easy to handle all your online invoicing and payments.
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