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"Accordingly, it has been decided that the requirement of nomination ....for mutual funds shall be optional for jointly held mutual fund folios," the Securities and Exchange Board of India (Sebi) said in a circular.
Experts say the silver prices outlook is bullish in the long term but for mutual fund investors, taking precious metal exposure via gold may be a better bet.
The investment objective of the scheme will be to generate income from fixed-income instruments and generate capital appreciation for investors.
Understanding price patterns like head & shoulders, double tops, and double bottoms is crucial in MCX Gold and Silver trading. These patterns help traders anticipate price movements, identify entry and exit points, and navigate the market with confidence.
The scheme will be managed by Cheenu Gupta (for equity investments), Dipan Parikh (for gold/silver ETFs), Mahesh Chhabria (for debt investments), and Sonal Gupta (for foreign investments). It will be benchmarked against S&P BSE 200 TRI (65%) + Nifty Short Duration Debt Index (20%) +Domestic Price of Gold (10%) +Domestic Price of Silver (5%).