Thursday, November 21

Tag: SIP

Why Having Gilt Mutual Funds with a Fixed Period Important for Your Portfolio?
Market

Why Having Gilt Mutual Funds with a Fixed Period Important for Your Portfolio?

Uncertainty is a factor that constantly dictates its presence in the field of investments. In this space, Gilt mutual funds bring stability and predictability to the investment. Along with that, Gilt funds also provide modest returns on investments. In this blog, we will explain why it is important to have Gilt mutual Funds with a fixed time period in your portfolio. What are Gilt Mutual Funds? Fixed maturity plans (FMPs) or fixed period gilt mutual funds are a category of debt funds that invest mainly in government securities and corporate bonds of companies that have a specific time of maturity. While there are debt funds that do not have any specific maturity time, gilt mutual funds with fixed maturity periods allow investors to get a certain amount of returns at a particular t...
Mutual Fund and SIP based Investment Platform Groww Raises Funding
FUNDING

Mutual Fund and SIP based Investment Platform Groww Raises Funding

Bengaluru based Mutual Fund and SIP based investment platform Groww raises an undisclosed seed funding from Y Combinator, Mukesh Bansal (Myntra Founder) and Ankit Nagori, former chief business officer of Flipkart. The company will use the fresh round to expand its technology team and also introduce new products for its customers. “Our long-term vision is to build a modern financial services company out of India, accessible to everyone. That means anything that users get from a bank, should be able to get it faster and cheaper on Groww with 10 times better user experience”, said Lalit Keshre, Co-founder & CEO. Founded by ex-Flipkart executives, Groww leverages data science to make investing simple and transparent. It also hosts several communities that help investors make the right...