• #HowDoes #GoldETF #Differ from #GoldMutualFunds?
    https://dailygram.com/index.php/blog/1165160/how-does-gold-etf-differ-from-gold-mutual-funds/
    #HowDoes #GoldETF #Differ from #GoldMutualFunds? https://dailygram.com/index.php/blog/1165160/how-does-gold-etf-differ-from-gold-mutual-funds/
    DAILYGRAM.COM
    How Does Gold ETF Differ from Gold Mutual Funds?
    Exchange Traded Funds (ETFs) and mutual funds are similar to each other in many ways. Both are considered a good choice to diversify investment portfolios. Both also offer flexibility, especially with withdrawal options. Having said that, there are some key ways in which these two investment vehicles differ. Here’s what you should know about gold funds vs. ETFs.Difference Between Gold ETF and Gold MFBelow is a comparative analysis of both the funds to help you understand better and choose the best option to invest in.Gold ETFsGold Mutual FundsGold ETFs are passively managed instruments that invest in pure physical gold with 99.5% purity. This gold is sourced from banks approved by the Reserve Bank of India (RBI).Gold mutual funds are open-ended schemes. They could even invest in Gold ETFs. But the aim is the same as that of ETFs, which is to generate income by investing in pure gold.With ETFs, the investment in gold is in a dematerialised form. So, you will need to open a Demat account to invest in gold ETFs.A Demat account is required mandatory to invest in mutual funds.Only lump sum investment is allowed. No provisions for SIP.Mutual fund investments can be made as a lump sum amount or through monthly, quarterly or yearly instalments, via a Systematic Investment Plan (SIP).The minimum amount of investment is usually 1 unit of the ETF, which is equivalent to 1 gm of gold at the current price.The best financial institutions allow investment to start with as little as ₹100 per month with an SIP.ETFs are listed on the stock exchange and can be traded only during market hours.Although not listed on a stock exchange, units in a mutual fund are bought or sold on the net asset value (NAV) for the day, which is similar to the share price of a company.There is no charge for exiting the scheme.With gold mutual funds, you might have to pay exit load charges if you decide to withdraw partial or complete funds before the maturity date.Gold ETFs can be easily converted into physical gold.No such facility is available with mutual funds since investments are not directly made in physical gold, only gold stocks and ETFs.The major costs while investing in Gold ETFs are the Demat charges, expense ratio and brokerage charges. Combined, the total charges are between 0.5-1% of the total fund invested.Mutual funds include the gold ETF charges along with a nominal charge for managing the fund. The total charges are close to 0.6-1.2% of the total traded funds.Wrap UpAlthough there are major differences between gold ETFs and mutual funds, both are considered a viable alternative to investing in physical gold. Not only do you not need to worry about the safety of the physical gold, you also don’t need to bear the cost of safely storing the precious metal. In addition, gold mutual funds provide the combined benefits of ETFs as well as professionally managed funds. This means you don’t need to have knowledge or experience of the financial market to start investing. So, start your investment journey early to gain maximum benefits.
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  • #HowDoes an #OnlineSIPCalculator #HelpCalculate the #ReturnsonMutualFunds?
    https://telegra.ph/How-Does-an-Online-SIP-Calculator-Help-Calculate-the-Returns-on-Mutual-Funds-06-01
    #HowDoes an #OnlineSIPCalculator #HelpCalculate the #ReturnsonMutualFunds? https://telegra.ph/How-Does-an-Online-SIP-Calculator-Help-Calculate-the-Returns-on-Mutual-Funds-06-01
    TELEGRA.PH
    How Does an Online SIP Calculator Help Calculate the Returns on Mutual Funds?
    SIP is a disciplined investment approach offered by mutual funds. You have to deposit small amounts of money at regular intervals for compounded returns. This can be weekly, monthly or quarterly. The Systematic Investment Plan or the SIP is one of the best ways to invest for several reasons. You do not have to stress about the market timing since averaging works and the portfolio remains well-balanced at the end of the day. Stop the plan at any point. Go to your Demat account and opt-out without attracting…
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  • #Whatis #Compound #Calculator, and #HowDoesitWork?
    https://clickatinfo.home.blog/2022/02/25/what-is-compound-calculator-and-how-does-it-work/
    #Whatis #Compound #Calculator, and #HowDoesitWork? https://clickatinfo.home.blog/2022/02/25/what-is-compound-calculator-and-how-does-it-work/
    CLICKATINFO.HOME.BLOG
    What is Compound Calculator, and How Does it Work?
    Mutual funds have become the preferred way for millions of people to invest in the markets. After learning how to start SIP, many investors are opting for the SIP option. Investors can also use a p…
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  • #WhatisKYC in #MutualFunds? #HowDoesitWork and #HowtoChecktheStatus?
    https://telegra.ph/What-is-KYC-in-Mutual-Funds-How-Does-it-Work-and-How-to-Check-the-Status-12-13
    #WhatisKYC in #MutualFunds? #HowDoesitWork and #HowtoChecktheStatus? https://telegra.ph/What-is-KYC-in-Mutual-Funds-How-Does-it-Work-and-How-to-Check-the-Status-12-13
    TELEGRA.PH
    What is KYC in Mutual Funds? How Does it Work and How to Check the Status?
    Know Your Customer or KYC for mutual fund services is much like that for any other financial service. What is KYC? It's a customer identification procedure compulsorily carried out by financial institutions like fund houses and banks. KRAs or KYC Registration Agencies registered with the Securities and Exchange Board of India are responsible for maintaining KYC records. The RBI set up KYC guidelines back in 2002. The SEBI master circular published on Anti Money Laundering Standards stresses the need for this…
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  • #Howdoes #group #lifeinsurance #work
    https://dailygram.com/index.php/blog/1014440/how-does-group-life-insurance-work/
    #Howdoes #group #lifeinsurance #work https://dailygram.com/index.php/blog/1014440/how-does-group-life-insurance-work/
    DAILYGRAM.COM
    How does group life insurance work
    As the name suggests, group life insurance offers benefits to a group of people like joint families or employees of a company. They are one of the most popular life insurance plans as they are affordable compared to individual insurance policies. The group of individuals in the policy will be liable for the insurance coverage. These days, most of the brands are bound to offer insurance plans to their employees, and they often love to go with a group life insurance cover. Providing life insurance to employees can be one of the best ways to showcase loyalty to your employees. Are you alien to the term group life insurance plans? We will cover the topic today to ensure that you can reap the best benefits out of it. Here are some of the best benefits of the group life insurance policy. Benefits of group life insurance:One of the best advantages of group life insurance is it can be provided to an ‘n’ number of people irrespective of their background, profession, age, and income. In addition, there are also various types of insurance policies; hence employers need to understand the benefits of the group life insurance policy to find the best one for their brand.1) Gratuity:Upon completion of specific years, employers have to provide gratuity benefits to their employees to showcase their trust and loyalty towards the brand. Group life insurance can be one of the best gratuity benefits which you can offer to the employees.2) Superannuation:One of the best advantages of group life insurance is that the amount gained over time will be given to the employee at retirement.3) Savings plan:Group life insurance offers double benefits as employers can use it as a savings plan for their employees and life insurance coverage.4) Relives from the stress of premium payment:The premium of group life insurance is relatively cheap. Most modern insurance providers deduct the premium amount from your bank account, relieving you from the stress of making payments manually.Features of group life insurance:1) Term life coverage:All the group life insurance plans offer term life coverage as an individual can also renew the policy annually. Moreover, there is no need to provide evidence to avail of the insurance policy. Therefore, it is possible to enroll without medical tests. The simple plan offers benefits for both employers and employees. Employers can build trust among their employees while employees also have coverage for their employees.2) Permanent life coverage:One can also opt for permanent life coverage where the policy will be active for the entire lifespan of the group. At the same time, there are also various limitations like the group life insurance will not be available for employees who retire. Still, it will be passed on to the next generation of employees. Moreover, universal group life insurance is also risky for employers and rarely offers benefits to the employees.Group life insurance offers multiple benefits to employers and employees, but like any other insurance, it also has certain limitations; hence you have to make your selection wisely.   
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  • #HowDoes a #Normal #SIP #Differ from an #ELSS SIP?
    https://cliqafriq.com/read-blog/137240_how-does-a-normal-sip-differ-from-a-elss-sip.html
    #HowDoes a #Normal #SIP #Differ from an #ELSS SIP? https://cliqafriq.com/read-blog/137240_how-does-a-normal-sip-differ-from-a-elss-sip.html
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