Page 3 - Quantum Mutual News Today

Nifty 50s move beyond the 20,000-mark triggered bouts of profit booking, resulting in the erratic moves seen on September 12.

Nifty hitting the 20,000-point level is a significant milestone. But whether investors should change their mutual fund investment strategy depends on factors specific to their individual financial goals, risk tolerance, and existing investment portfolios.

With the union budget imposing tax on the gains from gold mutual funds and ETFs in line with income slabs, financial planners believe SGBs are the most efficient way to allocate money to gold for the long-term investors.

In the one year horizon, the schemes gave around 12.36%. DSP World Gold FoF gave the most of around 15.74%. In a three year horizon, the schemes have offered around 2.65%. Axis Gold Fund gave the highest return of 3.74%, and DSP World Gold FoF lost the most of around 9.43% in the three year horizon.

The probability that the Fed will raise its benchmark rate by 25 basis points to a range of 5.25%-5.50% in July was above 90% for most of the month, according to Interest Rate Futures. International gold prices ended the month around 2.7% higher. Domestic prices moved up by around 2.9%. However, there was some volatility along the way.

The optimism of April was brought forward in May as well. The 10-year benchmark government bond yield went on a downward spiral, reaching 6.99 per cent on May 31, 2023 against 7.12 per cent at the end of April. However, most of this rally was ...

All 10 economists polled by Mint expect policy rates to remain unchanged. Most economists expect FY24 inflation to come in lower than RBI’s projection of 5.2%

Despite the LTCG tax setback, gold ETFs and gold fund-of-funds score over physical gold when it comes to liquidity, ease of purchase, storage and purity, say experts.

Gold will be attractive one this month with the increase in global prices in recent times, said experts in their outlook for the yellow metal."Gold has picked up in price action massively, rising by nearly $60 /oz in the last two weeks ...

Indian macros appear to be relatively stable despite global headwinds. Indias GDP grew by 13.5 per cent in 1QFY23 and the quarterly GDP surpassed the pre-Covid level by 3.3 per cent, according to George Thomas, Associate Fund Manager, Quantum ...