By Joydeep Sen
The recently launched Retail Direct Gilt Account (RDG) Scheme of Reserve Bank of India (RBI) is generating considerable interest among investors. This is an appreciable move by the central bank, allowing retail investors to open an account straight with the RBI rather than with a bank, and giving a service free of charge. However, for the sake of comparison, mutual funds have been around for a long time. We will discuss some of the aspects, so that you are better placed to decide between the two avenues.
Before we proceed, we need to understand Mark-to-Market (MTM) and Hold-to-Maturity (HTM). In an investment with a defined maturity date; for example, a bond, if held till maturity, your returns do not depend on movements in
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