Asset allocation is essential for successful investing in mutual funds, involving the distribution of investments across various asset classes. Different strategies like strategic, tactical, dynamic, core-satellite, and target-date allocation help balance risk and return, catering to diverse investor goals and risk tolerances.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.