Author: Miley Selena

The stock market may seem overpriced at current levels if one were to go by traditional metrics. With a trailing Price Earnings (P/E) ratio of 27 times, the Nifty is showing signs of stretched valuations. Further, most stocks are trading at high P/E ratios. Despite this, markets have continued to rise, causing investors to be concerned and potentially fearful of missing out. Don’t rely solely on P/E ratios However, relative valuation metrics cannot be focused in isolation. One has to look at the price of the stock vs the value one can derive from it in future. The current fair…

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In Budget 2020, it was announced that NRIs/PIOs will qualify as tax residents in India if they spend a minimum of 120 days in the relevant financial year (subject to certain conditions) in addition to a minimum of 365 days in the preceding four years. However, these amendments were announced before the pandemic-induced travel restrictions. This new rule can unintentionally impact all those NRIs/PIOs who had come to India and had to spend longer time in the country in FY 2020-21 due to travel restrictions or health concerns thanks to the novel coronavirus pandemic. So, how will such individuals be…

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Even as fears of a Third Wave and fresh Covid cases surge in some parts of the country, in others, the pandemic appears to be loosening its grip amid large-scale vaccinations. This is why the long-dormant desire to travel has begun to resurface. Short road trips and vacations to nearby places are giving way to slightly longer holidays. “Earlier, the lead time for booking was 2-3 days, but with the festive season, it has increased to 5-6 days. This is a positive change from last year,” says Vikram Lalvani, Chief of Revenue, Sales and Destinations, Sterling Holiday Resorts. While international…

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America faces supply chain disruption and shortages.” “From zippers to glass, shortages of basic goods hobble the US economy.” “America Is Running Out of Everything.” Over the last few weeks, you could have read any number of news stories like these. If you read these news stories, you find that shoppers are wandering from store to store, looking for basic household supplies and goods. On e-Commerce sites, many goods that used to be available with one-day shipping now have waiting periods of a week or more. For those of us of a certain age, it all sounds quite familiar—the way…

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ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed Where the fund invests Basic facts Date of launch: 14 June 2007 Category: Equity Type: Small cap AUM*: Rs 8,306 crore Benchmark: S&P BSE Small Cap Total Return Index What it costsNAV** Growth option: Rs 110.6 IDCW: Rs 47.505 Minimum investment: Rs 500 Minimum SIP amount: Rs 500 Expense ratio*** (%): 1.88 Exit load: 1% for redemption within 364 days *As on 30 September…

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Each week, our experts answer readers’ queries related to the division of assets, will, succession and more. Here are this week’s estate planning dilemmas from our readers. My father has self-acquired as well as ancestral property. He’s alive and is writing a will in which he is naming only my brother as a beneficiary, not me. Can he will both the self-acquired and ancestral properties to my brother? — Ritu Sarin Your father can only give the self-acquired property to anyone he wants in his will, not the ancestral property. Both you and your brother have an equal right over…

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Joining the long list of banks announcing their festive season offers is private sector lender, ICICI Bank. According to a press release issued by today, as part of its ‘Festive Bonanza’, from October 1, customers can avail of rep rate linked home loans at an interest rate of 6.7% and processing fee starting from Rs 1,100. Those looking take a personal loan can get a loan starting from 10.25%. Here is a look at what ICICI Bank is offering as part of its Festive Bonanza on different types of loans: Home Loans: Customers can avail of interest rate (repo rate…

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