To start an STP, you need to put in a lump sum amount in a debt scheme (liquid or ultra-short-term fund) and transfer a predefined amount into another scheme, typically an equity fund.
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with
Federal Reserve President John Williams told CNBC on Friday he does not see an imminent need to follow last week’s interest rate cut with another
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