Uttar Pradesh Chief Minister Akhilesh Yadav on Sunday kept the bulk of ministries, including the key Home and Finance, with him.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
'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.'
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries.
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.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'
Do not, however, enter expecting quick returns.
'The long-term impact of elections is minimal.'
Basant Soren, JMM supremo Shibu Soren's youngest son, and seven others on Friday took oath as ministers in Jharkhand's Champai Soren-led government.
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.
I don't place much emphasis on timing the market. Stocks don't move up because we buy them, says Ramesh S Damani
'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.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
The duo face a tough challenge to their ministerial aspirations.
Decisions should not be based on feelings, such as optimism or pessimism about the stock market or specific investment products, suggests Avinash Luthria.
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.
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult. Any changes to the capital gains tax for equities - both long-term and short-term - in Budget 2024 scheduled to be announced on July 23, he believes, can trigger a bigger correction that what the markets witnessed post the Lok Sabha election outcome on June 4 that saw the Bharatiya Janata Party (BJP) lose majority, though it was able to form the government with the help of coalition partners.
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.
'IPOs have performed exceptionally well, with a notable increase in average ticket size from Rs 800 crore in the last financial year to around Rs 1,300 crore in this financial year.'
The 35-year-old fails to understand how to decide whether a particular scheme should be kept in one's portfolio or not.
'Midcap and smallcap indices are trading in the expensive zone.'
'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
'For the next two years, we expect the bulk of earnings growth contribution from sectors like financials and energy, where the outlook remains positive, while the sectors which are linked to domestic consumption and are currently witnessing strains on margins have low salience for Nifty earnings.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Andhra Pradesh Civil Supplies Minister D Sridhar Babu resigned from the Cabinet on Thursday night protesting the divesting of legislative affairs portfolio that he had been holding for over three years now.
Stocks of smallcap and midcap companies, which had caught the fancy of retail investors, also feature in the portfolio of leading politicians in addition to bluechip stocks.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
An interesting imaginary conversation between Kirtan A Shah and an investor about how investing in mutual funds is better than investing directly in stocks.
The wrangling between the Congress and the Nationalist Congress Party over portfolio allocation may lead to a delay in convening of the maiden session of the 12th Maharashtra assembly. The three-day session, where legislators in the 288-member House would be sworn in and a Speaker elected, is scheduled to begin from November 3. However, in the absence of swearing-in of the new ministry, after which a cabinet meeting approves a resolution.
Smallcap mutual funds recorded net outflows for the first time in 30 months in March as investors pulled out money after the markets regulator, the Securities and Exchange Board of India (Sebi), warned against "froth" in the mid and smallcap space. Active equity mutual fund (MF) schemes raked in Rs 22,600 crore in March. The March inflow is 16 per cent lower than the two-year high inflow of Rs 26,860 crore in February, shows data from the Association of MFs in India (Amfi).
Congress President Rahul Gandhi met disgruntled Karnataka MLAs led by M B Patil in the national capital but the talks remained inconclusive.
Chief Minister Arvind Kejriwal on Saturday allocated portfolios to his six Cabinet colleagues while keeping the key departments of home, finance, power and vigilance with himself.
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
High-end apartments, penthouses, and bungalows boasting amenities like swimming pools, expansive driveways, and premium interiors are becoming highly sought after.
