Consider alternative instruments for investment: Arun Jaitley

By: |
New Delhi | July 29, 2016 9:59 PM

Finance Minister Arun Jaitley on Friday made a case for investment into alternative instruments instead of bank deposits for better returns.

Arun Jaitley, Arun Jaitley assets, Arun Jaitley total assets, Arun Jaitley income, Arun Jaitley total income, Arun Jaitley personal fortune“That is how pension funds and sovereign funds are surviving and doing extremely well the world over,” he added. (PTI)

Finance Minister Arun Jaitley on Friday made a case for investment into alternative instruments instead of bank deposits for better returns.

“The conventional deposit rate, the lending rates, are very low, but you have very powerful alternative instruments, in which if you invest, you can earn a lot higher,” he said here at the launch of state-run State Bank of India’s wealth management offering SBI Exclusif.

“That is how pension funds and sovereign funds are surviving and doing extremely well the world over,” he added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
12021 AGM won’t be held in Omaha, says Warren Buffett; tells shareholders to ‘never bet against America’
2Rakesh Jhunjhunwala rubbishes Bitcoin, says only sovereign has right to create currency
3Maintain ‘buy’ on Nestle India with TP of Rs 21,110