For new investors, especially students and young professionals with modest amounts like Rs 10,000, a Systematic Investment Plan (SIP) is generally recommended over a lump sum. Financial expert Harshvardhan Roongta advises SIPs to gradually enter the market, build discipline, and average investment costs. He suggests starting with low-cost index funds for long-term wealth creation.
RBI likely to keep status quo on policy rate as threats loom
A majority of economists polled by ET predict the Reserve Bank of India will hold its policy rate steady at the upcoming June meeting. This