Financial planners are resoundingly in favour of imparting financial literacy right from childhood, as that will make kids much more responsible with money as they grow into adults.
Financial independence and retire early (FIRE) is a movement of sorts whose followers believe in frugal spending and a higher rate of saving – nearly 70 percent of income.
After Bandhan MF s US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF.
US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates.
According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively.
Although the yields remain lower than what Indian government bonds offer, the differential has come down steeply.
Once the joint holder or the nominee or a family member reports an investor’s demise to a SEBI-regulated entity, the same will be updated across all such entities. A SEBI circular formalising this change is set to take effect from January 1, 2024.
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