Information About ONGC:
ONGC is the most significant oil exploration company and one of the biggest mining leaseholder in India.
Out of the seven basins that generate oil in India, six were explored by ONGC.
It is placed on the list of "World's Most Admired Companies" compiled by Fortune.
At present, ONGC produces around 70% of the total Indian production of crude oil.
It has produced over 1,743 Million Metric Tonnes of oil equivalent till date.
Stocks or Mutual Funds: Here is our recommendation
A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.
Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.
About MyMoneyKarma: MyMoneyKarma is emerging as a leading Recommender Engine that helps people makes Intelligent Financial decisions. We are founded by two Stanford Business School alumni who bring decades of experience in Consumer Finance and Technology. Our focus is on creating secure, data-driven, unbiased, and consumer-friendly online tools that recommend products and services in a rapidly evolving environment. We use Machine Learning algorithms to identify potential opportunities for our customers to plan, save and invest.
No comments:
Post a Comment