What Is EFT?
EFT is short for Electronic Funds Transfer in finance. An EFT is a method of transferring money from one bank account directly to another account without any paper finance or money actually changing hands. The two accounts do not have to be in the same finance bank.Exchange Traded Funds or (ETFs) are a relatively new phenomenon and are instantly gaining popularity rapidly. This post outlines the key features of an ETF.ETFs are like mutual funds because they hold an underlying asset like finance stocks, debt, commodities future contracts etc. If you are new to the concept of an ETF, think of it as a mutual fund, and build your understanding from thereon. An example of an ETF is the SBI Gold ETF, which holds physical gold as its underlying asset.
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