Page 5 - Quantum Mutual News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nifty 50's 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.