'Had there been no war, maybe, we would come out with a 7.5 per cent stake sale.' 'At this point in time, a 3.5 per cent stake sale looked good.'
'You should always maintain an allocation to gold as it has the ability to counterbalance any correction in the equity market.'
The RBI is still a small player in international gold buying among central banks. But in terms of total gold bought in 2019, it is the sixth largest buyer with 25.2 tonnes purchases in the first 10 months of 2019.
'The good news is that money continues to flow into India-focussed offshore funds.'
Except for September quarter, which had net inflows of $196 million, all other quarters had outflows.
ETFs are like stocks as they trade on the stock exchan#8805 but they are shares of a portfolio, not of a company.
Regular investment in gold-linked financial instruments will safeguard against price fluctuation and do away with storage cost.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sources said valuation of all these assets was an ongoing process, and the mode and manner of disposal would be decided on a case-by-case basis
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
'Gold could return 10% to 12% in the next two-three years.'
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
This was also the 10th consecutive monthly net inflow, data with Association of Mutual Funds in India (Amfi) showed on Monday. In comparison, equity mutual funds logged net inflow to the tune of Rs 11,615 crore in November, Rs 5,215 crore in October, Rs 8,677 crore in September and Rs 8,666 crore in August.
Assets under management of India-dedicated funds have slid 20 per cent in the year to November to $35.2 billion.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
It is advisable to avoid a fund until it develops a track record.
Putting money in key PSUs a better option
The best part is that an investor gets price appreciation and earns interest income as well, which is unique only to sovereign gold bond.
Polarisation and the increase in index weight of a few a stocks have weighed on performance. The worst performers include Nippon India Large Cap and HDFC Top 100 (2.6 per cent).
ICICI MF recently filed for an ETF that will track the Nifty Alpha Low-Volatility 30 Index. It is part of the suite of smart-beta indices with the NSE, with the portfolio designed using a combination of two factors.
To select the right platform, get the opinions of a few existing users or browse online for feedback. Select a platform that offers a seamless experience. Check that the platform you are going with is a regulated entity, suggests Sanjay Kumar Singh.
Here is our take on the market trends to watch out for in 2010.
Any shift in investor sentiment may result in speculators fleeing the gold market, driving its price down sharply, quickly. One significant risk for gold is a near-term reversal in the dollar, which recently fell to a two-year low.
Affordable pricing, a variety of themes, and the ease of transacting are among key reasons that have made smallcases a hit among young investors.
Benchmark AMC's scheme is called silver BeES and each unit issued under the scheme will be equal to price of 100 grams of silver. The entry load for the fund will be 2.25 per cent during the new fund offering (NFO).
Young investors could allocate in the proportion of 70:20:10 to equity, debt and gold.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
At present there are two types of gold related funds available in country
One can short-sell an ETF or buy on margin or even purchase one unit, which is not possible with index-funds/conventional MFs.
Invest 5 to 10 per cent in a banking sector fund. Ensure that mutual fund's portfolio includes all three players -- private sector banks, public sector banks and NBFCs.
This is the second highest divestment proceeds in a financial year.
If you want to invest in mutual funds, but don't want your investment to dip below market returns, then you must know the difference between 'active' and 'passive' investing.
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India gains at the expense of Russia and Brazil
Some unions have opposed EPFO investing in share markets.
The Finance Act, 2020, has inserted a sub-section, mandating a seller to deduct tax equal to 0.1 per cent of sale proceeds if the value of goods sold exceeds Rs 50 lakh in a financial year.
The government on Wednesday said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs IRCTC, IRFC and IRCON, and proposed merger and consolidation to create globally competitive public sector units.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'Funds based on this theme offer socially conscious investors an option to invest in a portfolio that is aligned to their beliefs.'
