BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which of the following we can directly invest in Mutual funds?
A
BHIM Baroda Pay
B
Baroda m-Invest
C
bob World
D
bob World Internet
Explanation: 

Detailed explanation-1: -You could invest in a Direct Plan online through the websites of the respective mutual funds or via online platforms of stock exchanges platform or Mutual Funds Utility (MFU) or other various digital channel. There are also a few online portals which offer a facility to invest in Direct Plans.

Detailed explanation-2: -Transact in top performing Mutual Funds through BOB World mobile application, Internet Banking or through a simple transaction request form. Invest systematically by setting up SIPs, STPs or Standing Instructions through any of the channels mentioned above. Get access to Baroda Select-Curated shortlist of funds.

Detailed explanation-3: -It is a fund with Low risk and has given a CAGR/Annualized return of 6.9% since its launch. Ranked 22 in Liquid Fund category. Return for 2022 was 4.9%, 2021 was 3.3% and 2020 was 4.1% . Baroda Pioneer Asset Management Co.

Detailed explanation-4: -All you have to do is log on to Baroda m-invest.com, enter your PAN and bank details, and that’s it! If you are not KYC compliant, the process takes 1-2 days.

There is 1 question to complete.