Goldman Sachs to buy 9.4% in Max India

Goldman Sachs will pick up a 9.4% stake in Max India for Rs 5.4 billion  (USD 116 million), the Economic Times and Business Standard newspapers reported on Sunday, citing the outcome of a board meeting held on Saturday.
Max India will issue compulsory convertible debentures that will be converted to shares after 15 months. The proceeds [...]

Financial Term Of The Day - “Emergency Fund”

Emergency Fund :
An account that is used to set aside funds to be used in an emergency, such as the loss of a job, an illness or a major expense. The purpose of the fund is to improve financial security by creating a safety net of funds that can be used to meet emergency [...]

I want to invest in a Mutual fund which has both gold and equity…

This was the question asked by someone on the famous website for Indian mutual funds Valueresearchonline.com, here’s the complete question and its answer provided by it… http://new.valueresearchonline.com/story/h2_storyView.asp?str=101079
The complete question goes like this…
I am looking to invest in a fund which has both gold and equity. Can you please suggest a fund which invests in an [...]