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Understanding ETFs Uses, Returns and Comparison with Mutual Funds and Stocks

 Exchange-Traded Funds (ETFs) have gained popularity among investors for their unique features and benefits. In this blog, we'll explore the uses of ETFs, their potential returns, how they differ from mutual funds and stock investments, and their safety profile. What is an ETF? An ETF is a type of investment fund that trades on stock exchanges, much like individual stocks. It holds a collection of assets, such as stocks, bonds, or commodities, and aims to track the performance of a specific index, sector, or asset class. Uses of ETFs Diversification : ETFs allow investors to gain exposure to a wide range of assets without having to purchase each individually. For instance, an ETF tracking the S&P 500 gives you exposure to 500 different stocks, reducing the risk associated with individual stock investments. Cost Efficiency : ETFs often have lower expense ratios compared to mutual funds. They typically pass on lower management costs to investors since they are often passively man
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Salary Hike of PSU Bank Employees on New Wage Revision 2015

Now Bank employees will get salary hike on settlement of wage revision. Finally, agreement has been done on 25th May 2015 through discussion, debate in several rounds of meeting between Bank Union and IBA. Several times Union warned for bank strike and sometimes they did and sometimes
they withdraw.

Revision will be applicable from 01 November 2012 as 10th bipartite settlement was due from this date.

Several sources said that hike will be of 15 %. In this settlement, a new pay head 'special pay' has been introduced to meet 15 % of hike that will incur DA also.

New Scale for PSU Banking Employees

Scale 1-   23700 - 980(7) - 30560 - 1145(2) - 32850 - 1310(7) - 42020
Scale 2-   31705 - 1145(1) - 32850 - 1310(10) - 45950
Scale 3-   42020-  1310(5) - 48570 - 1460(2) - 51490
Scale 4-   50030-  1460(4) - 55870 - 1650(2) - 59170
Scale 5-   59170-  1650(2) - 62470 - 1800(2) - 66070
Scale 6-   68680-  1960(4) - 76520
Scale 7-   76520-  2120(4) - 85000



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