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In an Initial Public Offer (IPO), private companies offer their shares to the public. Similarly, a mutual fund also allows the public a chance to invest when it initiates a fund. In other words, investors can invest in the initial pool of money when a new fund gets launched, called a New Fund Offer (NFO)….
The government of India launched the Senior Citizens Savings Scheme in August 2004 for senior citizens. The scheme offers a continuous income stream at better interest rates than traditional savings vehicles like bank fixed or recurring deposits. In other words, a compelling long-term savings option, SCSS is safe and is convenient to operate. In the…