As equity markets reach new heights, hybrid mutual funds are gaining traction for their automatic asset allocation and tax efficiency. These funds invest across multiple asset classes like stocks, bonds, and gold, offering investors a convenient way to manage diversified portfolios. Hybrid funds with over 65% equity are taxed as equity, providing tax advantages on long-term capital gains.
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy