Feature Post

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
0

Banking Ombudsman



The Reserve Bank had first introduced the Banking Ombudsman Scheme in 1995 to provide prompt and inexpensive forum to bank customers for resolution of their complaints relating to deficiency in banking services in India.

Scope - Customer complaints on credit card complaints, deficiencies in providing the promised services even by banks' sales agents, levying service charges without prior notice to the customer and non adherence to the fair practices code as adopted by individual banks operational in India. 
  • Established by Reserve Bank Of India under section 35A of Banking Regulation Act.
  • Applies to Jammu & Kashmir also
  • Chief General Manager or General Manager is known as Banking Ombudsman
  • There are 21 offices of Ombudsman in India
  • Ground of Complaints - Service & Guidelines of RBI
  • Maximum Award - 20 Lacs
  • In case of Credit Card - Maximum award is 1 lac only
  • Award has to be accepted by Complaint within 30 days.
Latest updates are available at https://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=159

Comments

Post a Comment