Post the change in debt fund taxation in March, a lesser-known hybrid fund has emerged as one of the alternatives for fixed-income investors. Equity savings schemes, the smallest hybrid fund category in terms of assets, have raked in around Rs 6,000 crore this financial year (FY24) so far compared to Rs 1,100-crore outflow in FY23. The inflows along with a strong performance led to a 50 per cent surge in assets under management (AUM) to Rs 24,100 crore during April-November, shows data from the Association of Mutual Funds in India (Amfi).
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
Foreign portfolio investors (FPIs) who invest from Mauritius into Indian companies that dole out bonus debentures will get impacted by the tax avoidance provisions on bonus stripping. The FY23 Budget has extended these provisions - applicable only to MFs, so far - to shares and units of REITs, InvITs and AIFs. The move will especially affect large institutional investors who sell original units within nine months after the record date because the loss arising from sale of original units would have to be ignored for the purposes of computing taxable income and cannot be set off against any other capital gain.
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
Former Union Minister and senior BJP leader Bandaru Dattatreya on Sunday said Prime Minister Manmohan Singh should take 'moral responsibility' for wrongful loss to exchequer due to the coal scam.
Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.
Thopte's supporters attacked 'Congress Bhavan' in Pune and vandalised the property in protest against his non-inclusion in the Maharashtra ministry.
Stating that the Nationalist Congress Party won't join the Congress-led government in Maharashtra till the issue of portfolio sharing was resolved, deputy chief minister Chhagan Bhujbal on Tuesday said his party is ready to extend outside support to the new government till then.
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
Union Minister of Heavy Industries and Public Enterprises, H D Kumaraswamy on Saturday clarified that he was misquoted on his purported remarks regarding the United States semiconductor firm Micron.
Following the sharp run in markets, valuations across the board have become elevated. The National Stock Exchange Nifty50 Index now trades at a 12-month trailing price-to-earnings (P/E) multiple of 24.3 times, 18 per cent higher than this year's low of 20.5 times. The valuation expansion in the broader markets has been sharper.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Uttar Pradesh Chief Minister Akhilesh Yadav on Sunday kept the bulk of ministries, including the key Home and Finance, with him.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
Human Resource Development Minister Kapil Sibal will hold additional charge of the telecom ministry, official sources said on Monday.Dravida Munnettra Kazhagam leader A Raja was forced to put in his papers as the telecom minister on Sunday night due to his alleged involvement in the massive 2G spectrum scam.Prime Minister Manmohan Singh appointed Sibal as the telecom minister, in spite of DMK chief Karunanidhi claiming that the key ministry will remain with the party.
Multiple challenges, particularly with regard to cabinet formation, stare at Siddaramaiah as he takes over as the new chief minister of Karnataka, nudging out party colleague and state Congress president D K Shivakumar -- who will now be his deputy.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'Given the worries about sluggish growth, rising interest rates and likely volatility, it's quite logical to infer that the SIP route could be the preferred way of investing.'
He served as the Union health minister in Modi's first term from November 9, 2014 to May 30, 2019.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.
I don't place much emphasis on timing the market. Stocks don't move up because we buy them, says Ramesh S Damani
The Nationalist Congress Party would not to be a part of the Maharashtra government if Congress does not follow the 1999 formula of allocation of key home, finance and power portfolios to it, party leader Ajit Pawar said on Tuesday.
Shiv Sena, the oldest ally of the Bharatiya Janata Party, is unhappy over being given only one ministerial berth and that too heavy industries portfolio in the Narendra Modi government and has complained to the Bharatiya Janata Party leadership.
'The problem is that the bubble may not only be in valuations, but also in investors' minds.'
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Mr Pradhan's understanding of realpolitik and organisational dynamics makes him the ultimate party man, notes Aditi Phadnis.
Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment. Data from Capitaline shows that MFs' average holding in the National Stock Exchange Nifty Smallcap 250 Index stood at 9 per cent at the end of the October-December quarter of 2023-24 (FY24), up from 7.76 per cent in the same quarter of 2022-23.
Only investors with a higher risk appetite should enter these funds.
'Investors should reduce cash gradually and look for value investing.'
Sources in the Congress and NCP said the draft CMP and allocation of portfolios between the three parties will be discussed in the meeting.
The duo face a tough challenge to their ministerial aspirations.
Andhra Pradesh minister V Vasant Kumar, who sent his resignation to Chief Minister N Kiran Kumar Reddy allegedly dissatisfied over the tourism portfolio allocated to him, may take back his resignation.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
The 35-year-old fails to understand how to decide whether a particular scheme should be kept in one's portfolio or not.
'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'
The global semiconductor shortage is turning into a headache for automotive (auto) and appliance manufacturers. But it is proving to be a boon for equity investors. Semiconductor stocks are among the best performers this year. The PHLX Semiconductor Index has gained more than 35 per cent year-to-date.
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries.
